<SEC-DOCUMENT>0000891478-26-000037.txt : 20260401
<SEC-HEADER>0000891478-26-000037.hdr.sgml : 20260401
<ACCEPTANCE-DATETIME>20260401160542
ACCESSION NUMBER:		0000891478-26-000037
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		454
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20260401
DATE AS OF CHANGE:		20260401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Banco Santander, S.A.
		CENTRAL INDEX KEY:			0000891478
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				132617929
		STATE OF INCORPORATION:			U3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12518
		FILM NUMBER:		26828133

	BUSINESS ADDRESS:	
		STREET 1:		CIUDAD GRUPO SANTANDER
		STREET 2:		BOADILLA DEL MONTE
		CITY:			MADRID
		STATE:			U3
		ZIP:			28660
		BUSINESS PHONE:		34 91 289 32 80

	MAIL ADDRESS:	
		STREET 1:		CIUDAD GRUPO SANTANDER
		STREET 2:		BOADILLA DEL MONTE
		CITY:			MADRID
		STATE:			U3
		ZIP:			28660

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO SANTANDER SA
		DATE OF NAME CHANGE:	20070925

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO SANTANDER CENTRAL HISPANO SA
		DATE OF NAME CHANGE:	19990512

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO SANTANDER S A
		DATE OF NAME CHANGE:	19931201
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
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<DESCRIPTION>6-K
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style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1.5pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="margin-bottom:8pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725"></div><div style="text-align:justify"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The information contained in this Form 6-K and any exhibits hereto shall be deemed filed with the Securities and Exchange Commission (&#8220;SEC&#8221;) solely for purposes of incorporation by reference into and as part of Banco Santander, S.A.&#8217;s Registration Statement No. 333-294235 on Form F-4, Registration Statement No. 333-293987 on Form F-3, and Registration Statements Nos. 333-293144, 333-285208, 333-278095, 333-269251, 333-262484, 333-256936, 333-238260, 333-231568 and 333-227289 on Form S-8 filed with the SEC, including any prospectuses forming a part of such registration statements, and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:8pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:13.5pt;font-weight:700;line-height:130%">BANCO SANTANDER, S.A.</span></div><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:130%">________________________</span></div><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">TABLE OF CONTENTS</span></div><div style="margin-bottom:9pt;text-align:center"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:9pt;padding-left:36pt;padding-right:11.25pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"></div></div><div style="margin-bottom:10pt;text-align:center"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section 1. Certain financial information included in Banco Santander, S.A.&#8217;s 2025 Form 20-F retrospectively recast as a result of certain changes to the presentation of the Group's financial information.</a></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:59.035%"><tr><td style="width:1.0%"/><td style="width:88.874%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.926%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_31">1. Cross reference to Form 20-F</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823626">2. Presentation of financial and other information</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823640">3. Cautionary statement regarding forward-looking statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_10399">4. Financial information</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">:</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">4.</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">1. </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">G</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">roup selected data</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">4.</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">2. </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">Financial perform</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">ance</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">:</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532"> </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">2025 vs 2024</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">4.3</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">. Financial </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">information by segment:</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559"> 2025 vs 2024</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">4.4</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">. </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">Financial performance</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">:</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859"> </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">2024 vs 2023</a></span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;text-decoration:underline;top:-2.8pt;vertical-align:baseline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;text-decoration:underline;top:-2.8pt;vertical-align:baseline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">A</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">4.5</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">. Financial </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">information by segment:</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941"> 2024 vs 2023</a></span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;text-decoration:underline;top:-2.8pt;vertical-align:baseline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;text-decoration:underline;top:-2.8pt;vertical-align:baseline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">A</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">6.</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667"> </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">A</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">lternative performance measures</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_10446">5</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_10446">. Risk management information</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Consolidated financial statements for the three years ended 31 December 2025, recast as a result of certain changes to the presentation of the Group&#8217;s financial information.</a></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"></div></div><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"></div></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A Under these titles we include information that updates 'Part 2. Supplemental information - 6. Supplement to the operating and financial review disclosure in the directors&#8217; report. Consolidated income statement. Variations 2024 compared to 2023 for the Group and by primary and secondary segments' in our 2025 Form 20-F which incorporated by reference 'Part 1. Consolidated Directors&#180; Report-Economic and Financial review. Section 3.2 and Section 4' in our 2024 Form 20-F.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">1</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.244%"><tr><td style="width:1.0%"/><td style="width:2.363%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.333%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.484%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.661%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.661%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.661%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.165%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.360%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.014%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.757%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.360%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.014%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.757%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.360%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.719%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.661%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.360%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.410%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Contents</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Section1. Certain recast financial information</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Section 2. Consolidated recast financial statements</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exhibits</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-top:18pt"><span id="i1a65f28298a049dda884780158e16fec"></span><span style="color:#ee2724;font-family:'Santander Headline',sans-serif;font-size:48pt;font-weight:700;line-height:90%">Section 1</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:6pt;margin-top:24pt"><span><br/></span></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="ib62bfd3d6ddb4005b10acc0ad1057422"></span><span style="color:#ee2724;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Certain financial information included in Banco Santander, S.A.&#8217;s 2025 Form 20-F retrospectively recast as a result of certain changes to the presentation of the Group's financial information.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">2</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_31"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt;text-align:center"><span><br/></span></div><div style="margin-bottom:21pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i2b30af31cb434a9c8814572a5757f6c2"></span><span style="color:#6f7779;font-family:'Santander Headline',sans-serif;font-size:26pt;font-weight:400;line-height:105%">1.</span><span style="color:#6f7779;font-family:'Santander Headline',sans-serif;font-size:26pt;font-weight:400;line-height:105%;padding-left:15.23pt"> Cross reference to Form 20-F</span></div><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:489.00pt"><tr><td style="width:1.0pt"/><td style="width:38.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:184.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:226.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="6" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Form 20-F item number and caption</span></div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Page</span></div></td></tr><tr style="height:12pt"><td colspan="6" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Presentation of financial and other information</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1264">Section 1. 2 Presentation of financial and other information</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823626">6</a></span></div></td></tr><tr style="height:21pt"><td colspan="6" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cautionary statement regarding forward-looking statements</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1267">Section 1. 3 Cautionary statement regarding forward- looking statements</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823640">9</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PART I</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 1.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Directors and senior management</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Advisers</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Auditors</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 2.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OFFER STATISTICS AND EXPECTED TIMETABLE</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Offer statistics</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Method and expected timetable</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 3.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">KEY INFORMATION</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Selected financial data</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">Section 1. 4</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">.1</a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529"> </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">Group </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">selected data</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529">11</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. [Reserved]</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Capitalization and indebtedness</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Reasons for the offer and use of proceeds</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. Risk factors</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 4.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">INFORMATION ON THE COMPANY</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. History and development of the company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisitions, dispositions, reorganizations </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital increases</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Recent events</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Business overview</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">Section 1. 4.2 Financial performance: 2025 vs 2024</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">13</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">Section 1. 4.3 Financial information by segment: 2025 vs 2024</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">32</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">Section 1. 4.4 Financial performance: 2024 vs 2023</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">58</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">Section 1. 4.5 Financial information by segment: 2024 vs 2023</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">77</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Selected statistical information</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Competition in Spain</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Supervision and regulation</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Organizational structure</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. Property, plants and equipment</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 4A.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">UNRESOLVED STAFF COMMENTS</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 5.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OPERATING AND FINANCIAL REVIEW AND PROSPECTS</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Operating results</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">Section 1. 4.2 Financial performance: 2025 vs 2024</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">13</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">Section 1. 4.3 Financial information by segment: 2025 vs 2024</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">32</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">Section 1. 4.4 Financial performance: 2024 vs 2023</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859">58</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">Section 1. 4.5 Financial information by segment: 2024 vs 2023</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">77</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Liquidity and capital resources</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Research and development, patents and licenses, etc.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. Trend information</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E. Critical accounting estimates</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 6.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Directors and senior management</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Compensation</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Board practices</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. Employees</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E. Share ownership</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">F. Disclosure of a registrant's action to recover erroneously awarded compensation</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="height:9.92pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">3</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:489.00pt"><tr><td style="width:1.0pt"/><td style="width:38.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:184.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:226.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="6" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Form 20-F item number and caption</span></div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Page</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 7.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Major shareholders</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Related party transactions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Interests of experts and counsel</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 8.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL INFORMATION</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Consolidated statements and other financial information</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial statements</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_799">Section 2. </a><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_799">Consolidated financial statements</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_802">118</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Legal proceedings</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Shareholders remuneration</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Significant changes</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not applicable</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 9.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">THE OFFER AND LISTING</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Offer and listing details</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Plan of distribution</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Markets</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. Selling shareholders</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E. Dilution</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">F. Expenses of the issue</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 10.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ADDITIONAL INFORMATION</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Share capital</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Memorandum and articles of association</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Material contracts</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. Exchange controls</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E. Taxation</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">F. Dividends and paying agents</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">G. Statement by experts</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">H. Documents on display</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">I. Subsidiary information</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">J. Annual report to security holders</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 11.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_10446">Section 1. 5 Risk management  information</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_10446">110</a></span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 12.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Debt securities</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Warrants and rights</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Other securities</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not required for annual report on Form 20-F</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. American Depositary Shares</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PART II</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 13.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not applicable</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 14.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not applicable</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 15.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONTROLS AND PROCEDURES</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 16</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">[Reserved]</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A. Audit committee financial expert</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. Code of ethics</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C. Principal accountant fees and services</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. Exemptions from the listing standards for audit committees</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not applicable</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E. Purchases of equity securities by the issuer and affiliated purchasers</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">F. Change in registrant&#8217;s certifying accountant</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not applicable</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">G. Corporate governance</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">H. Mine safety disclosure</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not applicable</span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">I. Disclosure regarding foreign jurisdictions that prevent inspections</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not applicable</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">J. Insider trading policies</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">K. Cybersecurity</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">No material changes derived from the recast</span></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">-</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PART III</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="height:9.92pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">4</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:489.00pt"><tr><td style="width:1.0pt"/><td style="width:38.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:184.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:226.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="6" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Form 20-F item number and caption</span></div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Page</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 17.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL STATEMENTS</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_799">Section 2. Consolidated financial statements</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_802">118</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 18.</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL STATEMENTS</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_799">Section 2. Consolidated financial statements</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_802">118</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ITEM 19</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EXHIBITS</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="border-right:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">414</a></span></div></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:9.92pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">5</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823626"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.364%"><div style="margin-bottom:21pt"><span id="i2beef14d2ee6420b98dd7eaaec55db30"></span><span style="color:#6f7779;font-family:'Santander Headline',sans-serif;font-size:26pt;font-weight:400;line-height:105%">2. Presentation of financial and other information</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i201862315afd4742956625769862b2ee"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Explanatory Note</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We are filing this report on Form 6-K to recast certain financial information and related disclosure for the three years ended 31 December 2025 that were included in our annual report on Form 20-F for the fiscal year ended 31 December 2025 filed with the Securities and Exchange Commission (SEC) on 27 February 2026 (the '2025 Form 20-F'), in order to reflect our new reporting structure.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 10 February 2026, the Group announced the implementation of a series of changes to its reporting structure. These changes do not affect the Group&#8217;s attributable profit nor the Group's targets announced in the Q4 2025 results presentation but rather are intended to improve the transparency and comparability of the metrics and financial statements, as well as to align the reporting with the way the bank has been managed since the beginning of 2026.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These changes, which affect the statutory and underlying income statements, the segment reporting and certain management metrics, have been applied to the periods presented herein and will apply to the information reported from the first quarter of 2026. These changes do not affect the Group&#8217;s consolidated balance sheet. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">The main changes are as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia734652af28a4ac6bbadadbd470081ea"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a. Poland disposal</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the underlying income statement, the results associated with the business subject to the Poland disposal are recorded in a single line item under 'non-recurring items'. Consequently, the global businesses, which, in accordance with IFRS 8, are reported only on an underlying basis, also exclude Poland.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, the underlying ratios, management metrics and business volumes exclude the activity affected by the Poland disposal.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4a847b2cfe8940c6a8a928f515ab7c30"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b. Classification of certain costs</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Certain charges that, until 31 December 2025, were recorded under the 'other provisions' line item are now presented in different lines of the income statement. In particular, charges mainly relating to bank levies and other taxes applicable to the banking sector are reclassified to 'other operating costs' to ensure uniformity across the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, certain recurring operating charges, primarily related to labour (mainly in Brazil) and legal processes, are presented in 'total costs' (comprising 'administrative expenses and amortizations' and 'other operating costs').</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.269%;min-width:6.269%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.367%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id8fc184205d04823b25bfee4c25b4e85"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%"> <span id="i2bc34210d0184e2988b1961b1168b66c"></span></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Reporting of the Cards business within Retail &amp; Commercial Banking (Retail)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Given that our payments platform strategy is now largely established, we are positioning Payments, renamed Payment Solutions, as the Group&#8217;s payments platform business.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this context, from 1 January 2026, the income statement and balance sheet items relating to the Cards business have been reclassified to Retail (previously recorded in Payments), to better align reporting with the management structure in these businesses in 2026.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Plard, the Group&#8217;s card processing platform, remains in Payment Solutions and charges market-based fees to the global businesses for card processing.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iefffd8eb34ac4f7ebe7bb468a1e57c75"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d. Cost of risk, NPL ratio and NPL coverage ratio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The definitions of the cost of risk, the non-performing loan (NPL) ratio and the NPL coverage ratio have been enhanced to include corporate exposures originated through debt securities issued by non-financial institutions. This adjustment provides a more accurate view of our credit exposure and quality.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i91a732c963484450a84dbdbe80c4b4ae"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e. RoTE Spain</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Santander Spain secondary segment does not have its own accounting tangible equity since it is booked under Banco Santander, S.A., together with other units such as the Corporate Centre. For this reason, a theoretical tangible equity is allocated to the segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The methodology for allocating such tangible equity to Spain has been updated to increase accuracy, taking into account: i) the amount required to reach a 13% CET1 ratio; and ii) the allocation of deductions and other capital adjustments (add-ons).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic0897415f3cd4687ae03aa136a1380dd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f. Other changes within the primary segments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the change in the Payments business described in section c, two minor adjustments have been introduced to the primary segments: i) the Digital Consumer Bank (Consumer) business has been renamed Openbank; and ii) Wealth Management &amp; Insurance has been reorganized into two business lines: Private Banking, which comprises the corporate private banking unit and International Private Banking in the US, Switzerland and the UAE; and Insurance &amp; Asset Management Solutions, which brings together the insurance business and liquid and illiquid asset management activities, and includes the investment platforms and holdings that complement the traditional Wealth business. These changes do not impact figures at the Group or primary segment levels.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has recast the corresponding information of earlier periods to reflect these changes in the structure of its internal organization.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this report, we have included only such disclosure as is impacted by the revisions described above and have only revised such disclosure to reflect such revisions, therefore this report does not recast the information in any other part of the 2025 Form 20-F. Accordingly, this report does not, and does not purport to, update any information in such Form 20-F to reflect any events that have occurred after its filing. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">References in this report to our consolidated financial statements shall be deemed to refer to our recast consolidated </span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">6</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.364%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">financial statements and related notes that are also included in this Form 6-K. This Form 6-K should be read in conjunction with the above-mentioned 2025 Form 20-F and our other filings with the SEC.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i227e21d884d04a06af259653708a02ed"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Accounting principles</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of 19 July 2002, all companies governed by the law of an EU Member State (a Member State) and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements in conformity with the International Financial Reporting Standards as previously adopted by the European Union (EU-IFRS). The Bank of Spain Circular 4/2004 of 22 December 2004 on Public and Confidential Financial Reporting Rules and Formats (Circular 4/2004) required Spanish credit institutions to adapt their accounting systems to the principles derived from the adoption by the European Union of International Financial Reporting Standards. Circular 4/2004 was repealed on 1 January 2018 by Bank of Spain Circular 4/2017, of 27 November 2017 on Public and Confidential Financial Reporting Rules and Formats (Circular 4/2017). Therefore, Grupo Santander (the 'Group' or 'Santander') is required to prepare its consolidated financial statements for the years ended 31 December 2025, 31 December 2024 and 31 December 2023 in conformity with EU-IFRS and Circular 4/2017. Differences between EU-IFRS, Bank of Spain&#8217;s Circulars and International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS-IASB) are not material. Therefore, we assert that the financial information contained in this report on Form 6-K complies with IFRS-IASB.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our auditors, PricewaterhouseCoopers Auditores, S.L., an independent registered public accounting firm, have audited our consolidated financial statements as of, and for the years ended, 31 December 2025, 2024 and 2023, which were prepared in accordance with IFRS-IASB. See </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_817">the audit report</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> issued by PricewaterhouseCoopers Auditores, S.L., in Section 2 of this report on Form 6-K. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We have presented our financial information according to the classification format for banks used in Spain. We have not reclassified the line items to comply with Article 9 of Regulation S-X, as permitted by the rules and regulations of the SEC. Article 9 is a regulation of the US Securities and Exchange Commission that contains presentation requirements for bank holding company financial statements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3d0b5ddca250415e81398d702a591f8b"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">General information </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our consolidated financial statements included in Section 2 of this report on Form 6-K are in Euros, which are denoted 'euro', 'euros', 'EUR' or '&#8364;' throughout this report on Form 6-K. Also, throughout this report on Form 6-K, when we refer to:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'we', 'us', 'our', the 'Group',  'Grupo Santander' or 'Santander', we mean Banco Santander, S.A. and its subsidiaries, unless the context otherwise requires;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'dollars', 'USD', 'US$' or '$', we mean United States dollars; and</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'pounds', 'GBP' or '&#163;', we mean United Kingdom pounds.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'net interest income', we mean 'interest income/(charges)'. </span></div></div><div style="display:inline-block;max-width:7.269%;min-width:6.269%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.367%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'staff costs', we mean 'personnel expenses'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'profit before tax', we mean 'operating profit/(loss) before tax'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'average balances' for a particular period, we mean the average of the month-end balances for that period, unless otherwise noted. We do not believe that monthly averages present trends that are materially different from trends that daily averages would show. In calculating our interest income, we include any interest payments we received on non-accruing loans if they were received in the period when due.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'loans', we mean loans, leases, discounted bills and accounts receivable, unless otherwise noted. The loan to value ('LTV') ratios disclosed in this report on Form 6-K are calculated as the ratio of the outstanding amount of the loan to the most recent available appraisal value of the mortgaged asset. Additionally, if a loan shows signs of impairment, we update the appraisals which are then used to estimate allowances for loan losses.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to the 'non-performing loans ratio' ('NPL ratio'), we mean credit impaired loans and advances to customers, debt securities issued by non-financial institutions, customer guarantees and customer commitments granted divided by total risk (which comprises total loans and advances to customers, customer guarantees and customer commitments granted, including those that are credit impaired).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'credit impaired balances', unless otherwise noted, we mean credit impaired loans and advances to customers, debt securities issued by non-financial institutions, customer guarantees and customer commitments granted.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'allowances for credit losses', unless otherwise noted, we mean allowances for inherent losses of impaired assets. Allowances reflect expected credit losses.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When we refer to 'perimeter effect', we mean growth or reduction derived from changes in the companies that we consolidate resulting from acquisitions, dispositions or other reasons.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Where a translation of foreign exchange is given for any financial data, unless otherwise noted, we use the exchange rates of the relevant period (as of the end of such period for balance sheet data and the average exchange rate of such period for income statement data) as published by the European Central Bank (ECB). </span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">7</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.364%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Management makes use of certain financial measures in local currency to help in the assessment of ongoing operating performance. These non-GAAP financial measures include the results of operations of our subsidiary banks located outside the eurozone, excluding the impact of foreign exchange. We analyse these banks&#8217; performance on a local currency basis to better measure the comparability of results between periods. Because changes in foreign currency exchange rates have a non-operating impact on the results of operations, we believe that evaluating their performance on a local currency basis provides an additional and meaningful assessment of performance to both management and the company&#8217;s investors. Variances in financial metrics, excluding the exchange rate impact, are calculated by translating the components of the financial metrics to our euro presentation currency using the same foreign currency exchange rate for both periods presented. For a discussion of the accounting principles used in translation of foreign currency-denominated assets and liabilities to euros, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_868">note 2(a)</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to our consolidated financial statements included in Section 2 of this report on Form 6-K. In addition, throughout this report on Form 6-K we make use of other alternative performance measures. See more information in '</span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and in section  6 'Alternative performance measures (APMs)'  in the 'Economic and financial review' chapter of the consolidated directors&#8217; report and note SN 9 'Alternative performance measures (APMs) in the 'Sustainability statement' chapter in the consolidated directors&#8217; report in Part 1 of the 2025 Form 20-F</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.269%;min-width:6.269%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.367%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">8</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823640"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.364%"><div style="margin-bottom:21pt"><span id="ie788f227e7894916b4c5ff2436b6b9d2"></span><span style="color:#6f7779;font-family:'Santander Headline',sans-serif;font-size:26pt;font-weight:400;line-height:105%">3. Cautionary statement regarding forward-looking statements</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander advises that this report on Form 6-K contains statements that constitute 'forward-looking statements' within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, information regarding:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">future business development;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">shareholders' remuneration policy;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">exposure to various types of market risks;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">management strategy;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">capital expenditures;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">earnings and other targets;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">asset portfolios; and</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">non-financial information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Forward-looking statements may be identified by words such as 'may', 'will', 'expect', 'project', 'anticipate', 'should', 'intend', 'probability', 'risk', 'VaR', 'RoRAC', 'RoRWA', 'TNAV', 'target', 'goal', 'objective', 'estimate', 'future', 'commitment', 'commit', 'focus', 'pledge' and similar expressions found throughout this report on Form 6-K. We include forward-looking statements throughout this report on Form 6-K, including but not limited to, the 'Operating and financial review and prospects' and 'Quantitative analysis about market risk' sections as well as climate and ESG related metrics, data, targets and other non-financial disclosures. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Written and/or oral forward-looking statements may also be made in the periodic reports to the US Securities and Exchange Commission ('SEC'), shareholders' and investors' reports, offering circulars, prospectuses, press releases and other written materials, and in oral statements made by our directors, officers or employees to third parties, including financial analysts.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">You should understand that the following important factors, in addition to those discussed in section 4. 'Risk factors', section 5.'Information on the Company' and section 6.'Supplement to the operating and financial review disclosure in the directors&#8217; report' in Part 2 of the 2025 Form 20-F, 'Consolidated directors&#8217; report-Economic and financial review' in Part 1 of the 2025 Form 20-F, and elsewhere in the 2025 Form 20-F and in this Form 6-K, could affect our future results and could cause those results or </span></div></div><div style="display:inline-block;max-width:7.269%;min-width:6.269%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.367%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">other outcomes to differ materially from those anticipated in any forward-looking statement:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if34633be88a245a48fe036739c064bee"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Economic and industry conditions</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">general economic or industry conditions in Spain, the UK, other European countries, the US, Brazil, other Latin American countries and other areas where we have significant operations or investments, including a worsening of the economic environment in these areas and an increase in capital markets volatility;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">climate-related conditions, regulations, targets and weather events;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">uncertainty over the scope of actions that may be required by us, governments and others to achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying science and industry and potential conflicts and inconsistencies among governmental standards and regulations;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">exposure to various market risks, principally including interest rate risk, foreign exchange rate risk, equity price risk, inflation, deflation and risks associated with new or modified benchmark indices;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the effects of a decline in real estate prices, particularly in Spain and the UK;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the effects of political developments in the UK, including the UK&#8217;s exit from the European Union;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">monetary and interest rate policies of the ECB and various central banks;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the effects of market behaviour not captured by our statistical models, such as the VaR model we use;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the inability to hedge some risks economically;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">changes in demographics (including due to an ageing population or migration flows), consumer spending, investment or saving habits;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">changes in energy prices;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">potential losses from early repayments on our loan and investment portfolio, declines in value of collateral securing our loan portfolio, and counterparty risk; and</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">changes in competition and pricing environments, including as a result of the progressive adoption of the internet for conducting financial services and/or other factors.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i58ee291e92be44389812165a440cf02c"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Political, geopolitical and governmental factors</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">political instability in Spain, the UK, other European countries, the US,  Brazil, other Latin American countries and other areas where we have significant operations or investments;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">changes in monetary, fiscal and immigration policies and trade tensions, including the imposition of tariffs and retaliatory responses;</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">9</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.364%"><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">effects of wars and conflicts (including the armed conflicts in Ukraine and the Middle East or other hostilities) or the outbreak of public health emergencies on the global economy;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">changes in Spanish, UK, EU, US, Latin American, or other jurisdictions&#8217; legislation, regulations or taxes, including changes in regulatory capital and liquidity requirements; and</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">increased regulation in response to financial crises.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i41211c0c4c894684a3955203dbd11d66"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Transaction and commercial factors</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">acquisitions, dispositions or restructurings of businesses that may not be completed in a timely manner or at all and may not perform in accordance with our expectations; and our ability to successfully integrate our acquisitions and related challenges that may result from the diversion of management&#8217;s focus and resources from other strategic opportunities and operational matters;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">reputational risk and potential adverse reactions of customers, employees, vendors or other business partners, including adverse effects on the market price of our securities; and</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the outcome of our negotiations with business partners and governments.</span></div><div style="margin-bottom:3pt"><span id="i81834653230647f192f812ee88e026a2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Operating factors</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the adequacy of loss reserves;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">potential losses associated with an increase in the level of impairment by counterparties to other types of financial instruments;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the adequacy of provisions for tax, legal and other contingencies;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">technical difficulties and/or failure to adequately improve or upgrade our information technology;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">changes in our access to liquidity and funding on acceptable terms, including as a result of credit spread shifts or downgrades in our credit ratings or those of our more significant subsidiaries;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">our exposure to operational risks (e.g., failed internal or external processes, people and systems, liabilities derived from utilizing artificial intelligence or potential losses associated with cyberattacks, data breaches, data losses and other security incidents); </span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">limitations in our disclosure controls and procedures over financial and non-financial reporting;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">changes in our ability to recruit, retain and develop appropriate senior management and skilled personnel;</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the occurrence of force majeure events, such as natural disasters, epidemics and pandemics, that impact our operations or impair the asset quality of our loan portfolio; </span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">the impact of changes in the composition of our balance sheet on future interest income / (charges); and</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%;padding-left:3.11pt">our own decisions and actions including those affecting or changing our practices, operations, priorities, strategies, policies or procedures.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.269%;min-width:6.269%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.367%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The forward-looking statements contained in this report on Form 6-K speak only as of the date of this report. We do not undertake to update any forward-looking statement to reflect events or circumstances after the date of this report on Form 6-K or to reflect the occurrence of unanticipated events.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">10</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_10399"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:21pt"><span id="i16be836de5f14205850f5a15e73ab949"></span><span style="color:#6f7779;font-family:'Santander Headline',sans-serif;font-size:26pt;font-weight:400;line-height:105%">4. Financial information</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_529"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i465879f1c43d44e186d2c047cc41d44a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.1 Group selected data: 2025, 2024 and 2023</span></div><div style="padding-left:3.97pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.131%"><tr><td style="width:1.0%"/><td style="width:48.302%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.467%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.245%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">BALANCE SHEET (EUR million) </span><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% Dec-25 vs. Dec-24</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,867,515</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,837,081&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,797,062&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,288</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,054,069&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,036,349&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,055,936&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047,169&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total funds </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,363,160</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,348,422&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,306,942&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,748</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,327&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,241&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Note: if we exclude loans, deposits and funds associated with the Poland disposal, as at 31 December 2024 loans and advances to customers would have been EUR 1,017,160 million; customer deposits EUR 1,005,605 million and total funds EUR 1,291,446 million; and as at 31 December 2023 loans and advances to customers would have been EUR 1,003,465 million; customer deposits EUR 1,002,669 million and total funds EUR 1,257,351 million.</span></div><div style="margin-bottom:20pt;padding-left:3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">For further information, see </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">INCOME STATEMENT (EUR million)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% 2025 vs. 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,348</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,787&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,650&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,311</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,043&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,951&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,532</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,828&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,267&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,681</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,347&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,005&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,101</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,574&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.1&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:20pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: net operating income is total income minus total costs.</span></div><div style="margin-bottom:20pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">EPS AND PROFITABILITY (%) </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% 2025 vs. 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Earnings per share (euro)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.91</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.77&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.65&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoE </span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.9</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1) </span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.3</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoA </span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.84</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.76&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.69&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoRWA </span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.44</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.18&#160;</span></td><td style="border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.95&#160;</span></td><td style="border-bottom:0.5pt solid #990000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:20pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.012%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">UNDERLYING INCOME STATEMENT </span><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">D</span><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%"> (EUR million)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% 2025 vs. 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,824&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,718&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,984&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,940&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,630&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,439&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,377&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,305&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,774&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,402&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: net operating income is total income minus total costs.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">% changes in constant euros (2025 vs. 2024 at 2025 exchange rates):</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="15" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">NII: +0.5%; Total income: +4.5%; Net operating income: +8.6%; Profit before tax: +13.2%; Attributable profit: +16.1%.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">% changes in constant euros (2024 vs. 2023 at 2024 exchange rates):</span></td><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="15" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">NII: +9.8%; Total income: +10.0%; Net operating income: +14.6%; Profit before tax: +15.9%; Underlying attributable profit: +15.5%.</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:47.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.162%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">UNDERLYING EPS, PROFITABILITY AND EFFICIENCY </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">C D</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%"> (%)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%  2025 vs. 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying earnings per share (euro)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.84</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.72&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.61&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying RoE</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.0</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying RoTE (post-AT1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.2</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying RoA </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.79</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.72&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.65&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying RoRWA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.31</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.07&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.86&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45.3</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47.2&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.1&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:30pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">11</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:20pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt;margin-top:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">SOLVENCY (%)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Phased-in CET1 capital ratio</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Phased-in total capital ratio</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.8</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.4&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:20pt;margin-top:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt;margin-top:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CREDIT QUALITY (%) </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost of risk </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D E</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.14</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.12&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.13&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.91</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.03&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.11&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:20pt;margin-top:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt;margin-top:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">THE SHARE AND MARKET CAPITALIZATION</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% Dec-25 vs. Dec-24</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of shareholders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,518,729</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,485,134&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,662,377&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of shares (millions)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,689</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,152&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,184&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share price (euro)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.070</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.465&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.780&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Market capitalization (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147,921</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,648&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,168&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible book value per share (euro)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.76</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.24&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.76&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Price / Tangible book value per share (X)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.75</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.85&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.79&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CUSTOMERS (thousands)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% Dec-25 vs. Dec-24</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">174,197</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,559&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,665&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Active customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,651</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,631&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95,038&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Digital customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">G</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,040</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,553&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,665&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: data excluding Poland. Including Poland:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">In 2025: Total customers 180,221; Active customers 106,410; Digital customers 62,982. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">In 2024: Total customers 172,537; Active customers 103,262; Digital customers 59,317.</span></div><div style="margin-bottom:20pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">In 2023: Total customers 164,542; Active customers 99,503; Digital customers 54,161.</span></div><div style="margin-top:20pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">OTHER DATA</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% Dec-25 vs. Dec-24</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">187,539</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">196,088&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201,942&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">H</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,765</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,718&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.3)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,137&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: data excluding Poland. Including Poland:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">In 2025: Number of employees 198,403; Number of branches 7,124.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">In 2024: Number of employees 206,753; Number of branches 8,086.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">In 2023: Number of employees 212,764; Number of branches 8,518.</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:2.170%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:94.159%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.171%"/><td style="width:0.1%"/></tr><tr style="height:5pt"><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note: for Argentina and any grouping which includes it, the variations in constant euros have been calculated considering the Argentine peso exchange rate on the last working day for each of the periods presented. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Certain figures contained in this chapter, have been subject to rounding to enhance their presentation. Accordingly, in certain instances, the sum of the numbers in a column or a row in tables contained in this report may not conform exactly to the total figure given for that column or row.</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/></tr></table></div><div style="margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">In the consolidated balance sheet, the assets associated with the businesses subject to the Poland disposal are classified under the 'non-current assets held for sale' line item and the related liabilities under 'liabilities associated with non-current assets held for sale' solely for the year ended 31 December 2025. Therefore, this classification does not affect the balance sheet for the years ended 31 December 2024 and 31 December 2023.</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.47pt">Includes customer deposits, mutual funds, pension funds and managed portfolios.</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.64pt">For further information, see </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.03pt">In addition to IFRS measures, we present non-IFRS measures including some which we refer to as underlying measures. These non-IFRS measures exclude items outside the ordinary course of business and reclassify certain items under some headings of the underlying income statement as described at the end of </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_544">5.1 'Results'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> and in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">. In our view, this provides a better year-on-year comparison.</span></div></td></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.86pt">Allowances for loan-loss provisions over the last 12 months / Average loans and advances to customers over the last 12 months and debt securities issued by non-financial institutions over the last 12 months.</span></div></td></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:2.13pt">Those customers who comply with the minimum balance and/or transactionality requirements as defined according to the business area.</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">G.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.09pt">Every physical or legal person, that, being part of a commercial bank, has logged in to its personal area of internet banking or mobile phone or both in the last 30 days.</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">H.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.94pt">For 2025 and 2024 data, we have included the CartaSur points of sale and the banking service points in Argentina, while we have excluded operational</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">&#160;&#160;&#160;&#160;&#160;locations that do not provide customer service in Colombia.</span></div></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">12</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i39f489ad42e444ed84b21ec7c3713e28"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.2 Financial performance: 2025 vs 2024</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander follows IFRS to report its results (see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_847">note 1.b</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements), which generally inform reporting of our financial situation in this report. However, we also use non-IFRS measures and Alternative Performance Measures (APMs) to assess our performance (see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">). Thus, the main adjustments to our IFRS results consist of:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Underlying results measures: we present what we call underlying results measures which exclude items outside the ordinary course of business and reclassify certain items under some headings of the underlying income statement as described at the end of </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_538">4.2.1 &#8216;Results&#8217;</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements. In our view, this provides a better year-on-year comparison.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559">4.3 'Financial information by segment: 2025 vs 2024'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, we present results by primary and secondary segments only in underlying terms in accordance with IFRS 8. We reconcile them in aggregate terms with our IFRS consolidated results in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Local currency measures: we use certain non-IFRS financial indicators in local currency to assess our ongoing operating performance. They include the results from our subsidiary banks outside the eurozone excluding the exchange rate impact (i.e., in constant euros) except for Argentina and any grouping which includes it. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> which explains how we exclude the exchange rate impact from financial measures in local currency. Because changes in exchange rates have a non-operating impact on results, we believe assessing performance in local currency provides management and investors a more meaningful assessment of performance.  </span></div><div style="margin-bottom:24pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We have rounded certain figures in this report to present them more clearly. Thus, the amounts given in the totals columns and rows of tables in certain instances may not match the sum of that column or row.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">13</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_538"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i441c5c2a8c2747ffb2b1a61ef80e90e9"></span><span style="color:#ec0000;font-family:'Santander Text SemiBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.2.1 Group results</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_541"></div><div style="margin-top:9pt;text-align:justify"><span id="ic43b14e20bac4b8d98232af1b8202cbd"></span><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Group statutory income statement</span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/></tr></table></div><div><span><br/></span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:68.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.458%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Condensed income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income (interest income minus interest expense)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,348&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,787&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,439)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income (commission income minus commission expense)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,976&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,376&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities and exchange differences (net)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,362&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,211&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividend income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">715&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income from companies accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">665&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">687&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income/expenses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(755)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,728)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">973&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(56.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,311</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">268</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Operating expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,779)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,215)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">436&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,601)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,036)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">435&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Staff costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13,656)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13,851)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">195&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other general administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7,945)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,185)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">240&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,178)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,179)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversal of provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,302)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,062)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">760&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,546)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,136)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(410)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment of other assets (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(251)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(624)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">373&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-financial assets and investments (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">368&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(368)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Negative goodwill recognized in results</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-current assets held for sale not classified as discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">253&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit or loss before tax from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,681</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,347</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,334</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense or income from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,723)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,844)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from the period from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,958</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit or loss after tax from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">301&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit for the period</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,500</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,744</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,399)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,170)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(229)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,101</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,574</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: the summarized income statement groups some lines of the </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_826">consolidated income statements</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> as follows:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">&#8216;Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net&#8217;; &#8216;Gain or losses on financial assets and liabilities held for trading, net&#8217;; &#8216;Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss&#8217;; &#8216;Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net&#8217;; &#8216;Gain or losses from hedge accounting, net&#8217;; and &#8216;Exchange differences, net&#8217;.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.47pt">'Other operating income&#8217;; &#8216;Other operating expenses&#8217;; &#8217;Income from insurance and reinsurance contracts&#8217;; and &#8216;Expenses from insurance and reinsurance contracts&#8217;.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">14</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1238bcf22b9849919aa5334b375d6527"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:121%">Main income statement items</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">In accordance with IFRS 5 requirements, results associated with the business subject to the Poland disposal are reported under a single line item in the consolidated income statement &#8212; 'profit/(loss) after tax from discontinued operations' &#8212; for the years 2025, 2024 and 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated balance sheet, the assets associated with the businesses subject to the Poland disposal are classified under the 'non-current assets held for sale' line item and the related liabilities under 'liabilities associated with non-current assets held for sale' solely for the year ended 31 December 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, this classification does not affect the balance sheet for the year ended 31 December 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, to facilitate analysis and ensure comparability of the information in the following tables 'average balance sheet - assets and interest income', 'average balance sheet - liabilities and interest expense', 'volume and profitability analysis', 'volume and cost analysis' and 'net interest income. Volume, profitability and cost analysis summary' were calculated classifying assets and liabilities associated with the businesses subject to the Poland disposal under 'assets/liabilities from discontinued operations' in both periods presented.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, profit attributable to the parent reached a new record of EUR 14,101 million, representing a year-on-year increase of 12%, compared to the EUR 12,574 million recorded in 2024. This increase was backed by the good performance of our global businesses which grew strongly.</span></div><div style="margin-bottom:3pt"><span id="ie5b3690a2710473d84b28c8c82452d8f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Total income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Total income amounted to EUR 58,311 million in 2025, compared to EUR 58,043 million in 2024, a slight increase year-on-year (+0.5%). Net interest income and net fee income accounted for around 95% of total income. By line item:</span></div><div style="margin-bottom:3pt"><span id="ia31354b7415046a08371f22f52c7c22a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Net interest income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income amounted to EUR 42,348 million, 3% lower than 2024, due to the impact from the sharp fall in interest rates in Argentina compared to 2024, especially in Retail, as well as a decline in Wealth.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This decrease was partially offset by the good performance in Openbank, due to active margin management and higher volumes, and, to a lesser extent, in CIB and Payments.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables show the average balances of each year <br/>calculated as the monthly average over the period, which we believe should not differ materially from using daily balances, and the interest generated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The tables on the following pages also include average balances and interest rates in 2025 and 2024, based on the domicile of the entities at which the relevant assets or liabilities are recorded. Domestic balances relate to our entities domiciled in Spain. International balances relate to entities domiciled outside of Spain (reflecting our foreign activity), and are divided into mature markets (the US and Europe, except Spain) and developing markets (South America and Mexico).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average balance of interest-earning assets in 2025 was 2% higher than in 2024. The activity of our entities in the domestic market increased 7% year-on-year and 1% in international mature markets, while in international developing markets they decreased 1%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average balance of interest-bearing liabilities in 2025 was 1% higher year-on-year, with growth in the domestic market (+5% year-on-year) whereas international developing markets were 1% lower year-on-year and international mature markets were flat.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average return on interest-earning assets decreased from 7.03% in 2024 to 6.42% in 2025, due to the lower interest rate environment. By market, it fell 68 bps year-on-year in the domestic market, -53 bps year-on-year in our international mature markets, and -36 bps year-on-year in our international developing markets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average cost of interest-bearing liabilities decreased 45 bps in 2025 to 3.97%. By market, domestic and international mature markets performed in line with the average yield on assets, decreasing 53 bps and 61 bps, respectively. However, in international developing markets it rose 22 bps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We calculated the change in interest income/(expense) shown in the tables below by:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Applying the interest rate of the previous period to the difference between the average balances from the current and previous periods to obtain the change in volumes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Applying the difference between the rates from the current and previous periods to the average balance from the previous year to obtain the change in interest rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both interest income and expense decreased in 2025, mainly due to lower interest rates across most of our footprint. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">15</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:49.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.757%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Average balance sheet - assets and interest income </span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash balances at central banks and other deposits on demand, and loans and advances to central banks and credit institutions </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">282,529</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,663</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.84</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">285,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.65</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,906&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,577&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.09&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,705&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,701&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.32&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,584&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,411&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.22&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,350&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,700&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.98&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,039&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,675&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.15&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,758&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,739&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.14&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,091&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,954&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.85&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,820&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,533&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.67&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,605&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,646&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.76&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32,739&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,901&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.81&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,902&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">415&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.01&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,085&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">492&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.09&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,584&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,893&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.40&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,996&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,140&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.65&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,022,507</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">70,830</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.93</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,018,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,900</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.36</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">265,675&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,861&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.09&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">265,043&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,272&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.63&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">569,580&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,180&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.65&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">562,488&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,884&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.02&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">187,252&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,789&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.84&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190,710&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,744&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.07&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71,826&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,234&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.29&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,528&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,884&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.56&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,837&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">380&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.51&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,410&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">468&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.77&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59,968&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,725&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.88&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,161&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,310&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.03&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,021&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12.63&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">957&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.08&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280,413</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,890</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.67</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246,539</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">119,990&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,975&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.31&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,607&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,478&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.68&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,725&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,539&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.54&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,140&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,174&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.39&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,698&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,376&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.57&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,792&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,779&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.14&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income from hedging operations</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,420</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">974&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,001&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(93)</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(256)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-earning assets</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,585,449</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,710</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.42</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,550,593</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109,012</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.03</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">501,571&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,553&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.70&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">468,355&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,532&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.38&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745,889&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,139&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.38&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">740,978&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,801&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.91&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">337,989&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,018&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.73&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341,260&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,679&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.09&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other non-interest earning assets</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,583</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,101</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">67,080</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,578</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average total assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,843,112</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,710</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,803,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109,012</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div><div style="text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">16</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:49.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.757%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Average balance sheet - liabilities and interest expense </span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities and stockholders&#8217; equity</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>&#160;balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deposits from central banks and credit institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141,619</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,151</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.76</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151,986</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.17</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,551&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,594&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.08&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,256&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,960&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.91&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,824&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,537&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.83&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,633&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,447&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.48&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,244&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,020&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.69&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,097&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,974&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.44&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,047&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,696&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.80&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,556&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,539&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.14&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43,163&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,910&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.43&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,663&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,973&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.24&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,195&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">478&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.83&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,773&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">579&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.60&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,689&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,308&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.05&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,120&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,987&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.61&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Customer deposits</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,024,250</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,735</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.10</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">994,107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,714</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354,809&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,884&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.09&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">321,519&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,944&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.54&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">471,883&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,336&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.83&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">472,750&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,283&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.44&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197,558&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,515&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.35&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199,838&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,487&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.25&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101,424&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,405&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.30&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">85,139&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,207&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.64&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33,963&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">798&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.35&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,124&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">586&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.15&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46,316&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,230&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.13&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,115&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,278&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.97&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,145&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,377&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.24&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,900&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,343&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.23&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Marketable debt securities </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,272</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,066</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.89</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">307,931</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,612</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136,229&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,890&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.59&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,606&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,330&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127,870&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,360&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.19&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,291&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,323&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.54&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,173&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,816&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.90&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,034&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,959&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.20&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Commercial paper</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,386&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">759&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.72&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,809&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,244&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.82&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,707&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">347&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.96&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,046&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">727&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.26&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,962&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">265&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.81&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,143&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">339&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.75&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,717&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.56&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,620&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">178&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.99&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest-bearing liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,841</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">679</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.97</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,762</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.95</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,741&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">504&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.84&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,151&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">490&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.86&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,658&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.98&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,707&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.46&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.64&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,904&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.67&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Expenses from hedging operations</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,762</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,066</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">620&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,325&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">582&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,969</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">843&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">741&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">388&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">738&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">757&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-bearing liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,496,982</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,362</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.97</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,476,786</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.42</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">572,330</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,335</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.33</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">546,532</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.86</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">635,235</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,666</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.41</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">638,381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.02</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">289,417</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,361</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.42</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">291,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other non-interest bearing liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,158</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">168,212</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,871</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,398</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total stockholders&#180; equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,497</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,744</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,604</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average total liabilities and stockholders&#180; equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,843,112</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,362</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,803,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">Does not include contingently convertible preference shares and perpetual subordinated notes because they do not accrue interest. We include them under 'Other non-interest-bearing liabilities'.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">17</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:65.220%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.986%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.734%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Volume and profitability analysis </span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025 vs. 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Increase (decrease) due to changes in</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Volume</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total change</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash and deposits on demand and loans and advances to central banks and credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(231)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,246)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,477)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,419)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,124)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(829)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,289)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(422)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(579)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(359)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(255)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(57)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(65)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,005)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,070)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,440)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,411)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,127)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,704)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(517)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(438)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(955)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,080&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,730)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(650)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(57)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,130&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,715)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(585)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(772)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">866&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(369)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">497&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">265&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(503)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(403)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income from hedging income</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,050)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,050)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,027)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,027)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(164)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(164)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(185)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(185)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-earning assets</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(279)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7,023)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7,302)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,228)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,979)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(806)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,856)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,662)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(722)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(939)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,661)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">18</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:65.220%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.986%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.734%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Volume and cost analysis </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025 vs. 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Increase (decrease) due to changes in</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest expense</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Volume</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total change</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deposits from central banks and credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(561)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(669)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,230)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(521)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(366)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(643)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(910)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">119&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">297&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(140)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">157&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">266&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(329)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(101)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">253&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">321&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Customer deposits</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,256)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,979)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">473&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,533)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,060)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,917)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,947)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(166)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">172&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(974)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(802)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">550&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">212&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(191)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(857)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,048)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(187)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">221&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">454</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(409)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(440)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">460&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(423)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">750&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Commercial paper</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(191)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(294)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(485)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(193)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(187)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(380)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(74)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest-bearing liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(26)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Expenses from hedging expenses</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,304)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,304)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(539)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(539)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(316)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(316)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(449)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(449)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-bearing liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,267)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,596)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,863)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(201)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,088)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,289)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(423)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,588)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,011)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(643)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,080</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">437</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;text-align:center"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">19</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:65.319%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.840%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.749%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net interest income. Volume, profitability and cost analysis summary </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025 vs. 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Increase (decrease) due to changes in</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Volume</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total change</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(279)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7,023)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7,302)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,249&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,228)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,979)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(806)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,856)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,662)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(722)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(939)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,661)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest expense</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,267)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,596)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,863)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(201)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,088)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,289)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(423)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,588)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,011)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(643)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,080&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">988</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,427)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,439)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,450</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,140)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">310</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(383)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">732</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">349</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(79)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,019)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,098)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net interest income</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:9pt"><img src="san-20251231_g1.jpg" alt="5675" style="height:208px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-1"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:60.00pt"><tr><td style="width:1.0pt"/><td style="width:42.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.75pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">-3%</span></td><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net fee income</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:6pt;text-indent:-4.25pt"><img src="san-20251231_g2.jpg" alt="5681" style="height:209px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-2"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:59.25pt"><tr><td style="width:1.0pt"/><td style="width:45.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:10.00pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+5%</span></td><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:3pt"><span id="i03dd1247a8664307a16fa46108b15860"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Net fee income</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net fee income totalled EUR 12,976 million in 2025 and grew 5% compared to 2024, with good performances across most businesses, especially in Retail, Wealth and CIB. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1069">note 41</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1072">note 42</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:3pt"><span id="i8a95c1f2b4414257af4ce4d987787207"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Gains or losses on financial assets and liabilities and exchange differences (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gains on financial assets and liabilities and exchange differences (net) stood at EUR 2,362 million (EUR 2,211 million in 2024), mainly due to lower impacts from foreign exchange hedges in Corporate Centre and results in Wealth. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gains or losses on financial assets and liabilities stem from mark-to-market valuations of the trading portfolio and derivative instruments, which include spot market foreign exchange transactions, sales of investment securities and liquidation of our hedging and other derivative positions.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1075">note 43</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange rate differences primarily show gains and losses from foreign exchange and the differences that arise from converting monetary items in foreign currencies to the functional currency, and from selling non-monetary assets denominated in foreign currency at the time of their disposal. Given that Santander manages currency exposures with derivative instruments, the changes in this line should be analysed together with gains or losses on financial assets and liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1078">note 44</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">20</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="ibb50f5cdf9794632a2d28aeef7cb075a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Dividend income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Dividend income was EUR 715 million in 2025 (EUR 710 million in 2024).</span></div><div style="margin-bottom:3pt"><span id="ibbcdbf5382874132be0fabcf6c638953"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Income from companies accounted for using the equity method</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">Income from companies accounted for using the equity method reached EUR 665 million in 2025 compared to EUR 687 million in 2024.</span></div><div style="margin-bottom:3pt"><span id="iac318002793a4c819b9058048c70888f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Other operating income/expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other operating income recorded a loss of EUR 755 million in 2025. This compares to a EUR 1,728 million loss in 2024 affected by a larger hyperinflation adjustment in Argentina and the charge relating to the temporary levy on revenue earned in Spain (EUR 335 million), whereas in 2025 the tax on expected revenue earned in Spain for the year was recorded under the &#8216;tax expense or income from continuing operations' line.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1081">note 45</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statement.</span></div><div style="margin-bottom:3pt"><span id="i4f56f88d44534b8694c9777914a39e0a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Operating expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Operating expenses amounted to EUR 24,779 million in 2025, 2% lower than 2024, reflecting our progress in transformation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our costs management continued to focus on improving our efficiency ratio and, as a result, we remained among the most efficient global banks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our business transformation plan, ONE Transformation, continued to progress across our footprint, reflected in increased operational leverage and better business dynamics.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1084">note 46</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1099">note 47</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i843ff00e2a234ef0b7ab4264060ee123"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Provisions or reversal of provisions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions (net of provisions reversals) amounted to EUR 2,302 million in 2025 compared to EUR 3,062 million in 2024 which included the charges after discontinuing our Superdigital platform in Latin America in Q2 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, both </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.4pt;font-weight:400;letter-spacing:-0.007em;line-height:130%">in Q4 2025 and Q4 2024 provisions included charges for potential complaints related to motor finance dealer </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.4pt;font-weight:400;letter-spacing:-0.007em;line-height:130%">commissions in the UK (EUR 214 million and EUR 353 million, respectively)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see</span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_991">note 25</a></span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5816749a0ae7496d859434c5bb0372cc"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net impairments totalled EUR 12,546 million in 2025 (impairment of EUR 12,136 million in 2024).</span></div><div style="margin-bottom:3pt"><span id="i95e71ece94d14dfda7aa8870ea72bfb1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Impairment on other assets (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Impairment on other assets (net) was EUR 251 million in 2025. In 2024, the impairment amounted to EUR 624 million and included the charge registered in Q2 2024 in PagoNxt after discontinuing our merchant platform in Germany. </span></div><div style="margin-bottom:3pt"><span id="i1d7e6bc89058428cbfb110eceb10b213"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Gains or losses on non-financial assets and investments (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">No amount was recorded in gains or losses on non-financial assets and investments (net) in 2025. In 2024, it stood at EUR 368 million and included the gain recorded in Q2 2024 from an agreement with Sodexo in Brazil (EUR 352 million).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see</span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1111">note 48</a></span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements.</span></div><div style="margin-bottom:3pt"><span id="i09b7ae02a0234af8b5e4a34a9694b792"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Negative goodwill recognized in results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">In 2025, negative goodwill recognized in results was EUR 22 million relating to the acquisition of CrediScotia Financiera from Scotiabank in Q1 2025 which expands Openbank's presence in Peru. No negative goodwill was recorded in 2024.</span></div><div style="margin-bottom:3pt"><span id="i00fc5bc19bd646889a5e3bddfd4e0fa2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Gains or losses on non-current assets held for sale not classified as discontinued operations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">This item, which mainly includes impairment of foreclosed assets recorded and the sale of properties acquired upon foreclosure, recorded a EUR 226 million gain in 2025 which included a capital gain of EUR 231 million in Q2 2025 from the sale of Santander&#8217;s remaining 30.5% stake in CACEIS. In 2024, this line recorded a loss of EUR 27 million.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see</span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1114">note 49</a></span><span style="color:#3051f2;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements.</span></div><div><span><br/></span></div></div></div><div><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">21</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:76.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss (net)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,517&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,137&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss and net gains and losses from changes</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,546</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:76.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Impairment on other assets (net)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment of investments in subsidiaries, joint ventures and associates, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment on non-financial assets, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">382&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">112&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">231&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment on other assets (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i11a224cbe7824c2a92620aa0ff000d90"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Profit or loss before tax from continuing operations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax was EUR 18,681 million in 2025, +8% year-on-year, supported by the good performance of net fee income and cost discipline. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iec59c4ca270d4b7e8a21a257065c2ffd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Tax expense or income from continuing operations</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Total tax expense from continuing operations was EUR 4,723 million in 2025 (compared to EUR 4,844 million in 2024) which includes EUR 353 million corresponding to the expected tax on income obtained in Spain for the year.</span></div><div style="margin-bottom:3pt"><span id="i23c9e2e565864fa89e25733bc7b3cb17"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Profit or loss after tax from discontinued operations</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit or loss after tax from discontinued operations totalled EUR 1,542 million in 2025 compared to EUR 1,241 million in 2024. This line records the results associated with the Poland disposal, which increased year-on-year driven by a good revenue performance and lower provisions.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span><br/></span></div><div style="margin-bottom:3pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Profit attributable to the parent</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><img src="san-20251231_g3.jpg" alt="11554" style="height:202px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-3"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:59.25pt"><tr><td style="width:1.0pt"/><td style="width:39.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+12%</span></td><td colspan="3" style="background-color:#ec0000;padding:0 1pt"><div><span><br/></span></div></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="i1b37724ecc6246dd87fa354f26d5ec7f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Profit attributable to non-controlling interests</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit attributable to non-controlling interests stood at EUR 1,399 million in 2025 (EUR 1,170 million in 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1021">note 28</a></span><span style="color:#3051f2;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i03133df8870a442eac06b535df423466"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Profit attributable to the parent</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit attributable to the parent amounted to EUR 14,101 million in 2025, 12% higher than the EUR 12,574 million in 2024.</span></div><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-top:90pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Earnings per share</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR </span></td></tr></table></div><div style="margin-bottom:9pt"><img src="san-20251231_g4.jpg" alt="11937" style="height:201px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-4"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:34.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+17%</span></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">22</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_544"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;text-align:justify"><span id="i8b45c43329314af1bd70470a9c92ab63"></span><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Group underlying income statement</span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:2.5pt solid #6f7779;padding:0 1pt"/></tr></table></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:16.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.500%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Attributable</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Underlying</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Profit</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">RoTE (post-AT1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Profit</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">EUR 14,101 million</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+12% in euros</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">16.3%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">EUR 13,152 million</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+12% in euros</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">15.2%</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+16% in constant euros </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+0.8 pp</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+16% in constant euros </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+0.8 pp</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: changes vs. 2024.</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%"> </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is the condensed income statement adjusted for items beyond the ordinary course of business and reclassification of certain items under some headings of the underlying income statement, as described in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements, where our segments' aggregate underlying consolidated results are reconciled to the statutory consolidated results.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the underlying income statement, results obtained in Poland are reported in the 'non-recurring items' line item for 2025 and 2024, so that it is excluded from underlying profit at both the Group and global business levels. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, all underlying ratios and management metrics included in this underlying income statement section have been calculated excluding Poland. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group presents, both at the total Group level and for each of the business units, the changes in euros registered in the income statement, as well as variations excluding the exchange rate effect (i.e. in constant euros, except for Argentina and any grouping which includes it), understanding that the latter provide a better analysis of the Group&#8217;s management. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the Group level, exchange rates had an unfavourable year-on-year impact of 4.0 pp on total income and a favourable impact of 3.5 pp on total costs, mainly due to the depreciation of the Brazilian real and the Mexican peso.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To better understand the business trends, we reclassified certain items under some headings of the underlying income statement. These reclassifications between the statutory and underlying income statements include: </span></div><div style="margin-bottom:9pt;margin-top:4pt;text-align:justify;text-indent:10.91pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:56.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.347%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Condensed underlying income statement</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,401&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,824&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,423)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.2)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,928&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">593&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.1</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions and exchange differences </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,016&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.6</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.5</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,410)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27,354)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">944&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,268</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.6</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,128)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(306)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.1</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(834)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">597&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41.7)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41.3)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.2</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,939)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.8</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.2</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.8</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.2</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(845)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,378</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.7</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.1</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-recurring items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">949&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">800&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.6</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.6</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,101</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,574</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.1</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.3</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Excluding non-recurring items.</span></div><div style="text-indent:6.66pt"><span><br/></span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:115%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%;padding-left:3.85pt">In 2025:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As previously explained, in the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item.</span></div><div style="margin-bottom:7pt;padding-left:7.08pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded line-by-line from the underlying income statement and recorded in the 'non-recurring items' line.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As explained in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, certain charges recorded in the statutory account under the line items that comprise 'other </span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">23</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR 620 million of restructuring charges and EUR 214 million of provisions for potential complaints related to motor finance dealer commissions.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A capital gain, that falls outside the ordinary course of our business, in Q2 2025 of EUR 231 million from the sale of Santander&#8217;s remaining 30.5% stake in CACEIS. </span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A one-off charge of EUR 467 million in Q2 2025 (EUR 231 million net of tax and minority interests), which strengthens the balance sheet after having updated macroeconomic parameters in Brazil&#8217;s credit provisioning models.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In 2024:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As previously explained, in the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded line-by-line from the underlying income statement and recorded in the 'non-recurring items' line.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As explained in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, certain charges recorded in the statutory account under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR 835 million of restructuring charges, EUR 353 million of provisions for potential complaints related to motor finance dealer commissions and EUR 243 million from charges related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions which strengthen the balance sheet in Brazil of EUR 352 million gross in Q2 2024 (EUR 174 million net of tax and minority interests) which were compensated by gains on the sale of our stake in Pluxee in Brazil. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, regarding results that fall outside the ordinary course of our business and are therefore excluded from the underlying income statement and recorded in the 'non-recurring items' line:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In 2025:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As previously explained, results obtained in Poland are reported in the 'non-recurring items' line.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Additionally, it includes the following two events of the same value but opposite signs:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">A capital gain in Q2 2025 of EUR 231 million from the sale of Santander&#8217;s remaining 30.5% stake in CACEIS.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">A one-off charge of EUR 467 million in Q2 2025 (EUR 231 million, net of tax and minority interests), which strengthens the balance sheet after having updated macroeconomic </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">parameters in Brazil&#8217;s credit provisioning models, in accordance with IFRS 9 regulations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In 2024:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As previously explained, results obtained in Poland are reported in the 'non-recurring items' line.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result, profit attributable to the parent was EUR 14,101 million, increasing 12% in euros and 16% in constant euros compared to 2024, while underlying profit was EUR 13,152 million in 2025 which also represented a rise of 12% in euros and 16% in constant euros compared to 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The year-on-year comparisons of both attributable profit and underlying profit were favoured mainly by the charges in Q2 2024 related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America (EUR 243 million, net of tax and minority interests) and the charge in Q4 2025 related to the provisions recorded for complaints related to motor finance dealer commissions in the UK that was less than the provision in Q4 2024.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Total income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%"> amounted to EUR 58,308 million in 2025, a 1% increase year-on-year. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">In constant euros, total income rose by 5% year-on-year, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (NII) totalled EUR 42,401 million and increased by 1% year-on-year, even after the impact from the sharp fall in interest rates in Argentina. Excluding Argentina, NII increased 4%. By business:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, which represented 62% of the NII of the total operating areas, NII decreased by 1%. Excluding Argentina, it improved 2%, with positive performances across most countries. Of note were Mexico, due to volumes and a lower cost of deposits, Chile supported by a lower cost of deposits and the UK, driven by higher mortgage profitability and a lower cost of deposits.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">NII grew strongly (+5%) in</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (26% of the NII of the total operating areas), with positive trends across almost all of our footprint, boosted by active margin management and higher volumes in Openbank Europe and Latin America and additionally favoured by CrediScotia's integration in Peru.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> CIB, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">NII increased by 6%, boosted by G</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">lobal Markets in Europe and the US</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. </span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, NII decreased by 14%, affected by some deposit cost inelasticity to interest rate declines in Private Banking and by the lower yield on assets in a lower interest rate environment.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, NII grew strongly, +36%, due to higher activity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Net fee income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> reached EUR 12,928 million, increased by 9% year-on-year, achieving a new record, with growth across all businesses. This excellent net fee income performance was underpinned by higher customer activity, network benefits and greater collaboration between our global businesses. By business:</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">24</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 9%, supported by higher commercial activity and a larger customer base. </span></div><div style="padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income was relatively stable, as double-digit growth in the US and Latin America was offset by lower net fee income in Openbank Europe which was impacted by new insurance regulation in Germany.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">CIB</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 9%, reaching record levels </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">with growth in all business lines</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income rose by </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">17</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">%, with the largest contribution coming from Private Banking and the asset management business.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 16%, boosted by higher activity. </span></div></div></div><div style="margin-bottom:15pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:71.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.382%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net fee income</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Asset management business, funds and insurance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,377&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,244&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit and debit cards</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,296&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,250&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities and custody services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,412&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,251&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Account management and availability fees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,913&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,953&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cheques and payment orders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">747&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">795&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">761&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">632&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charges for past-due/unpaid balances and guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">475&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bill discounting</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">818&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">758&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,928</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Gains on financial transactions and exchange differences </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">increased by 10%, mainly due to lower impacts from foreign exchange hedges in the Corporate Centre and results in Wealth. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Other operating income </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">improved in 2025 compared to 2024, primarily due to a less negative impact from the hyperinflation adjustment in Argentina and the temporary levy on revenue earned in Spain, which is recorded in this line in 2024, whereas in 2025 the expected tax on revenue earned in Spain for the year was recorded under the &#8216;tax on profit' line.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total income</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div><img src="san-20251231_g5.jpg" alt="7479" style="height:162px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-5"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">  </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:37.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:12.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="2" style="background-color:#ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:700;line-height:121%">+1</span><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">&#160;</span></td><td style="background-color:#ee2724;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:700;line-height:121%">%</span></td><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:12pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt;padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +5%.</span></div><div style="margin-bottom:15pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Total costs</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%"> in 2025 totalled EUR 26,410 million, down 3% year-on-year. In constant euros, costs were flat year-on-year. In real terms, excluding the impact of average inflation and in constant euros, they fell 3% year-on-year (for further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We continued to progress with our business transformation plan, ONE Transformation, reflected in greater operational leverage, better business dynamics and more streamlined and agile structures. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">By business and in constant euros:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs declined 1%. In real terms they fell 5%, driven by the transformation efforts through organizational and process simplification and the implementation of our global platform and lower charges in the 'other operating costs' line. The efficiency ratio improved to 42.9%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs increased by 4% year-on-year. In real terms, they grew 2%, driven by our investments in platforms and our digital bank, as well as the CrediScotia integration, which were partially offset by savings from our efficiency and transformation efforts. The efficiency ratio stood at 43.6%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">CIB</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs decreased by 1% (-4% in real terms), as our investments in new products and capabilities to support growth were more than offset by lower charges in the 'other operating costs' line. The efficiency ratio stood at 46.8%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs rose 6% (+3% in real terms), reflecting investments made to strengthen PB teams and to develop new capabilities to address the increase in commercial activity. The efficiency ratio improved to 35.7%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs grew by 2%, but improved 1% in real terms, even with our investments in platforms.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">25</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:71.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.382%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total costs</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Staff costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,656&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,827&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,923&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,129&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Information technology</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,344&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,579&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Communications</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">367&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">387&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Advertising</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">517&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings and premises</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">702&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">711&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Printed and office material</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Taxes (other than tax on profits)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,349&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,300&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,579</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,178&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,179&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,757</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,219&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,410</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,354</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:27pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Efficiency ratio</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr></table><img src="san-20251231_g6.jpg" alt="1649267473169" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-6"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">-1.9</span></td><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:9pt;font-weight:400;line-height:121%">pp</span></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our cost management continued to focus on structurally improving our efficiency. As a result, we improved our efficiency ratio by 1.9 pp to 45.3%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All in all, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> reached EUR 31,898 million, up  4% year-on-year. In constant euros, it rose by 9%, mainly driven by the good revenue performance (particularly in net fee income), while total costs were stable.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> in 2025 amounted to EUR 12,128 million, a 3% increase year-on-year. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In constant euros, they rose 8%, mainly due to: i) higher LLPs in Retail, as an increase in card provisions driven by strong loan growth and a less favourable macro environment in some of our countries more than offset a positive performance in the other Retail portfolios; and ii) the increase in the Corporate Centre due to provisions in H1 2025 related to our plan to accelerate NPL ratio reductions, improving the Group's credit quality. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cost of risk stood at 1.14% as of 31 December 2025. For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_709">5.1. 'Key credit risk metrics'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net loan-loss provisions</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table><img src="san-20251231_g7.jpg" alt="10441" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-7"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:37.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:12.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="2" style="background-color:#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:700;line-height:121%">+3</span><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">&#160;</span></td><td style="background-color:#ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:700;line-height:121%">%</span></td><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:120%">A. In constant euros: +8%.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:120%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%"> recorded a loss of EUR 834 million in 2025, compared to a EUR 1,431 million loss in 2024. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This year-on-year improvement was favoured by the aforementioned charges in 2024: i) the discontinuation of our merchant platforms in Germany and Superdigital in Latin America; and ii) the charge in Q4 2025 due to the provisions recorded for complaints related to motor finance dealer commissions in the UK that was less than the provision in Q4 2024. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Tax on profit </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">amounted to EUR 4,939 million, 2% higher than in 2024. In constant euros, it rose 5%, as a lower tax burden in some countries, mainly in Brazil, did not fully offset lower benefits from fiscal incentives for electric vehicles in the US and a EUR 353 million charge in 2025 corresponding to the aforementioned tax on revenue expected in Spain for the year.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">26</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Underlying profit attributable to the parent </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">in 2025 was EUR 13,152 million, 12% more than in 2024. In constant euros, it rose by 16%, supported by solid total income growth, while total costs were stable and with a controlled cost of risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">underlying RoTE post-AT1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> was 15.2%, up from 14.4% in 2024, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">underlying RoRWA </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">was 2.31% (compared to 2.07% in 2024) and </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">underlying earnings per share </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">reached EUR 0.84 (from EUR 0.72 in 2024).</span></div><div style="margin-bottom:3pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:3pt"><img src="san-20251231_g8.jpg" alt="11971" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-8"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:37.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:12.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="2" style="background-color:#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+12&#160;</span></td><td style="background-color:#ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">%</span></td><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +16%.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="padding-left:3.97pt;text-indent:-3.97pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Underlying RoTE post-AT1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr></table><img src="san-20251231_g9.jpg" alt="1649267472819" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-9"/></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As previously explained, results related to the Poland disposal are recorded in </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">non-recurring items</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, totalling EUR 949 million in 2025 compared to EUR 800 million in 2024. </span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Including these non-recurring items, profit attributable to the parent </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">in 2025 was EUR 14,101 million, 12% more than in 2024. In constant euros, it rose by 16%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">RoTE post-AT1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> stood at 16.3% (15.5% in 2024), in line with our full-year target of reaching a ratio close to 16.5%. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">RoRWA</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> stood at 2.44% (2.18% in 2024) and </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">earnings per share</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> stood at EUR 0.91 (EUR 0.77 in 2024). </span></div><div style="margin-bottom:15pt;padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">27</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_547"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i9919d7ae8f314e4385f6ef11a2160ef4"></span><span style="color:#ec0000;font-family:'Santander Text SemiBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.2.2 Group balance sheet</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since Q2 2025, the assets associated with the Poland disposal have been classified under the 'non-current assets held for sale' line item in the Group&#8217;s consolidated balance sheet, in accordance with IFRS 5 requirements and as a result of the announcement of the Poland disposal. The related liabilities have been classified under 'liabilities associated with non-current assets held for sale'. This classification applies solely to balance sheets from 30 June 2025 onwards and does not affect prior periods, which therefore limits the comparability of the balance sheets presented below.</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:63.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.792%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Balance sheet</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="6" style="background-color:#f6f6f6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></div></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,208&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39,927)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,318&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,253&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,065&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,761&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,130&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,631&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,046&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,915&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,612&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,898&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,286)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,202,689&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,203,707&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,018)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,741)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(704)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">754&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,052&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,277&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(225)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under reinsurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,438&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,087&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,649)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,308&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,259&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,951)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,076&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,596&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(520)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,719&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,559&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,011&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,002&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,009&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,867,515</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,837,081</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,434</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities and equity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,546&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,151&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,395&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,360&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,788&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,421,184&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,484,322&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63,138)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(504)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(644.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,737&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,829&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,355&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,407&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,568&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,598&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,937&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,344&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(407)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities associated with non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,995&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,995&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,754,767</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,729,754</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,013</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shareholders' equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,144&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,196&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,948&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37,974)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36,595)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,379)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interest</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,578&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,726&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">852&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,748</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">107,327</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,421</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities and equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,867,515</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,837,081</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,434</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: this is a summarized balance sheet. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_823">'consolidated balance sheet'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> section in the consolidated financial statements.</span></div><div style="text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">28</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:9pt;padding-left:1.12pt;padding-right:1.12pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.131%"><tr><td style="width:0.1%"/><td style="width:0.546%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.844%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.546%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.546%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.546%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.795%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.795%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.795%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.795%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.397%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.332%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.397%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.397%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.397%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.676%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.676%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.397%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.676%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.844%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.403%"/><td style="width:0.1%"/></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt;padding-left:7.08pt"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">Executive summary </span><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:7.15pt;font-weight:700;line-height:110%;position:relative;top:-3.85pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;border-top:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Gross loans and advances to customers (excluding reverse repos)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Customer funds (deposits excluding repos + mutual funds)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="9" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">EUR 984 billion</span></div></td><td colspan="6" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">+4%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">EUR 1,200 billion</span></div></td><td colspan="6" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">+6%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="12" rowspan="4" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#6d6d6d;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span><span style="color:#48859e;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#232;</span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">  </span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%;text-decoration:underline">By segment</span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">:</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="6" rowspan="4" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#6d6d6d;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span><span style="color:#48859e;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#232;</span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">  </span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%;text-decoration:underline">By product</span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">:</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="15" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Growth across main businesses, led by double-digit performance in CIB and Wealth.</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Growth in all products, rising double digits in mutual funds and with a pickup in demand deposits at the end of the year.</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="6" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Retail</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Openbank</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">CIB</span></div></td><td colspan="6" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Wealth</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Demand</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Time</span></div></td><td colspan="6" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Mutual funds</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+1%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+2%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+16%</span></div></td><td colspan="6" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+13%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+3%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+7%</span></div></td><td colspan="6" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+14%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="48" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">2025 vs. 2024 changes in constant euros and excluding Poland. For more information on figures presented in constant euros and the exclusion of repurchase agreements and reverse repurchase agreements, see </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025,2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #9bc3d3;border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="margin-bottom:3pt"><span id="i1d85c363ff0d49d5867ffad89f04874d"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> totalled EUR 1,037,288 million in December 2025, a 2% decrease year-on-year. The year-on-year comparison was affected by the Poland disposal as, in accordance with IFRS 5 requirements and only from 30 June 2025 onwards, the assets related to the Poland disposal are aggregated under the 'non-current assets held for sale' line, without affecting assets in previous periods.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purpose of analysing traditional commercial banking loans, the Group uses gross loans and advances to customers excluding reverse repurchase agreements (repos). To enable like-for-like comparisons, we analyse gross loans and advances to customers excluding reverse repos and, for 2024 data, excluding Poland, i.e. aligning the perimeter with the accounting treatment from June 2025. As at end December 2025, gross loans and advances to customers excluding reverse repos, totalled EUR 984,466 million in December 2025, a 1% increase year-on-year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To facilitate the analysis of Santander's management, the comments below do not consider the exchange rate impact (i.e., in constant euros), except for Argentina and any grouping which includes it. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;letter-spacing:-0.02em;line-height:130%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.02em;line-height:130%">excluding Poland and reverse repos and in constant euros, grew </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">by </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.02em;line-height:130%">4% year-on-year, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">which represented 60% of the Group's loan portfolio, gross loans and advances to customers grew by 1%, as growth in the mortgage and card portfolios in most countries and higher corporate loans in Europe offset the decrease in SMEs, mainly in Spain, the UK and Portugal.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, which represented 22% of the Group's loan portfolio, they grew by 2% driven by good performances in auto markets in Europe and Latin America.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">CIB</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, which represented 15% of the Group's loan portfolio, lending volumes increased by 16%, with double-digit growth in the three business lines. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">gross loans and advances to customers rose</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">by 13% driven by strong growth in Private Banking.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> had a loan portfolio of just EUR 1 billion (-8% year-on-year).</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:63.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.792%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Loans and advances to customers</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Excluding Poland</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="6" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commercial bills</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,110&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,429&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(319)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Secured loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">530,749&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">538,218&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,469)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other term loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295,998&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284,136&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,862&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance leases</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,540&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,643&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">897&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Receivable on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,313&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,737&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(424)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit cards receivable</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,179&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,563&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,616&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,577&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,235&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(658)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross loans and advances to customers (excluding reverse repos)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">984,466</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,980&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,344&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,636&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross loans and advances to customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,038,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan-loss allowances</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,158&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,145&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net loans and advances to customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,288</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,017,160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">29</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Gross loans and advances to customers <br/>(excluding reverse repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion. Excluding Poland</span></td></tr></table></div><div><img src="san-20251231_g10.jpg" alt="2908" style="height:195px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-10"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:49.50pt"><tr><td style="width:1.0pt"/><td style="width:36.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:9.25pt"/><td style="width:1.0pt"/></tr><tr style="height:21pt"><td colspan="2" style="background-color:#ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+1&#160;</span></td><td style="background-color:#ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">%</span></td><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2025 vs. 2024</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:30pt;padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +4%.</span></div><div style="margin-bottom:9pt;margin-top:21pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of December 2025, gross loans and advances to customers excluding reverse repos maintained a diversified structure between the markets in which the Group operates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With respect to gross loans and advances to customers (including reverse repos) maturing in more than one year, at the end of 2025, 66% had a fixed interest rate, while the remaining 34% had a floating interest rate:</span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Gross loans and advances to customers <br/>(excluding reverse repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">% of operating areas. December 2025. Excluding Poland</span></td></tr></table></div><div style="padding-left:9pt"><span><br/></span></div><div style="padding-left:9pt"><span><br/></span></div><div style="padding-left:9pt"><span><br/></span></div><div style="padding-left:9pt"><img src="san-20251231_g11.jpg" alt="3305" style="height:182px;margin-bottom:5pt;vertical-align:text-bottom;width:326px" id="i-11"/></div><div style="margin-bottom:9pt;margin-top:21pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In Spain, 53% of loans and advances to customers were fixed rate and 47% were floating rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Outside of Spain, 69% of loans and advances to customers were fixed rate and 31% were floating rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details on the distribution of loans and advances to customers by business line, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_940">note 10.b</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:28.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.985%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.985%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.310%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Gross loans and advances to customers (including reverse repos) with maturities exceeding one year as at 31 December 2025</span></td></tr><tr><td colspan="27" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Excluding Poland</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Weight as % of the total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Weight as % of the total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Weight as % of the total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,310</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">361,576</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">435,886</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,108</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,758</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224,866</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140,418</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">520,334</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">660,752</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">30</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:63.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.792%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total customer funds</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Excluding Poland</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="6" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">646,125&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641,237&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,888&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298,284&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286,296&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,988&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mutual funds </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">255,389&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227,226&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,163&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199,798</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,154,759</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,039</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.9</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,112&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,646&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Managed portfolios </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,459&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,969&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,490&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,791&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,072&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,719&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.0</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,363,160</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,291,446</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71,714</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.6</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Including managed and marketed funds. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> fell 1% year-on-year to EUR 1,041,200 million as at 31 December 2025. This year-on-year comparison was also affected by the Poland disposal as, in accordance with IFRS 5 requirements and only from 30 June 2025 onwards, the liabilities related to the Poland disposal are aggregated under the 'liabilities associated with non-current assets held for sale' line, without affecting liabilities in previous periods.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group uses customer funds (customer deposits, excluding repos, plus mutual funds) to analyse traditional retail banking funds. To enable like-for-like comparisons, we analyse customer funds excluding Poland in 2024, i.e. aligning the perimeter with the accounting treatment from June 2025. As at 31 December 2025, they amounted to EUR 1,199,798 million and grew 4% year-on-year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To facilitate the analysis of Santander's management, the comments below do not consider the exchange rate impact (i.e., in constant euros), except for Argentina and any grouping which includes it. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Customer funds (excluding repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion. Excluding Poland</span></td></tr></table></div><div><img src="san-20251231_g12.jpg" alt="4748" style="height:216px;margin-bottom:5pt;vertical-align:text-bottom;width:237px" id="i-12"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.402%"><tr><td style="width:1.0%"/><td style="width:73.503%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.297%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Dec-25 vs. Dec-24</span></div></td></tr><tr><td colspan="2" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">+4</span></div></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">%</span></div></td><td colspan="3" style="border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:700;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="2" style="border-left:0.5pt solid #9e3667;border-top:0.5pt solid #9e3667;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">+12</span></div></td><td style="border-top:0.5pt solid #9e3667;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">%</span></div></td><td colspan="3" style="border-right:0.5pt solid #9e3667;border-top:0.5pt solid #9e3667;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #9e3667;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #9e3667;padding:0 1pt"/></tr><tr><td colspan="2" style="border-left:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">+2</span></div></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">%</span></div></td><td colspan="3" style="border-right:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Total</span></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Mutual funds</span><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">B </span></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deposits excluding repos</span></div></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +6%.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Including managed and marketed funds.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Compared to December 2024, customer funds excluding Poland rose 6% in constant euros, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">By product, customer deposits excluding repos rose 4%, with an increase in both demand (+3%) and time deposits (+7%). Mutual funds rose 14%, with widespread increases across most businesses and countries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">By business, customer funds increased 5% in Retail, mainly driven by time deposits in Europe and South America. In Openbank, customer funds rose 6%, in line with our deposit gathering strategy. In CIB, customer funds grew 4%, due to deposits in Cash Management. In Wealth, they were up 15%, driven mainly by mutual funds.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer funds maintained a diversified structure across the markets in which the Group operates. The weight of demand deposits was 54% of total customer funds, while time deposits accounted for 25% and mutual funds 21%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to capturing customer deposits, for strategic reasons the Group has a selective policy on issuing securities in international fixed income markets and strives to adapt the frequency and volume of its market operations to the structural liquidity needs of each unit, as well as to the receptiveness of each market.</span></div><div style="margin-bottom:18pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Customer funds (excluding repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">% of operating areas. December 2025. Excluding Poland</span></td></tr></table></div><div><img src="san-20251231_g13.jpg" alt="6127" style="height:182px;margin-bottom:5pt;vertical-align:text-bottom;width:326px" id="i-13"/></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">31</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_559"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i2ad6e3b90eab4e16a3443119cb041e5f"></span><span style="color:#ec0000;font-family:'Santander Text SemiBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.3 Financial information by segment: 2025 vs 2024</span></div><div style="margin-bottom:6pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_562"></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i353fa61745cb4533b2f6b6b67be63d22"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4.3.1 Description of segments<span id="i8fa62cf7701a4bc5b670ee2b018430dc"></span></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%"> </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We base segment reporting on financial information presented to the chief operating decision maker, which excludes certain statutory results items that distort year-on-year comparisons and are not considered for management reporting. This financial information (underlying basis) is computed by adjusting reported results for the effects of certain gains and losses (e.g. capital gains, write-downs, impairment of goodwill, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to better understand the underlying trends in the business. For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander has aligned the information in this section with the underlying information used internally for management reporting and with that presented in the Group's other public documents.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The executive committee of Santander's board of directors has been selected to be its chief operating decision maker. The Group's operating segments reflect its organizational and managerial structures. The executive committee reviews internal reporting based on these segments to assess performance and allocate resources.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The segments are split by global business and by country in which profits are earned. We prepare the financial information by aggregating the figures for Group&#8217;s global businesses and countries, relating it to both the accounting data of the business units integrated in each segment and that provided by management information systems. The same general principles as those used in the Group are applied.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">Taking into account all of the changes detailed in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823626">2. 'Presentation of financial and other information'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">, from 2026 the primary and secondary segments are structured as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9006349e5d024e419da9c62691b1369d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Primary segments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This primary level of segmentation comprises six reportable segments: five global businesses plus the Corporate Centre.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail &amp; Commercial Banking (Retail)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: area that integrates the retail banking and commercial banking businesses (individuals, SMEs and corporates), except private banking clients and business originated in the consumer finance businesses. Detailed financial information is provided on Spain (Retail Spain), the UK (Retail UK), Mexico (Retail Mexico) and Brazil (Retail Brazil), which represent most of the total Retail business. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Openbank, formerly Digital Consumer Bank (Consumer)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: comprises all business originated by consumer finance companies, plus our digital bank (formerly Openbank), Open Digital Services (ODS) and SBNA Consumer. Detailed financial information is provided on Europe (Openbank Europe) and the US (Openbank US).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Corporate &amp; Investment Banking (CIB)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: this business, which includes Global Transaction Banking, Global Banking (Global Debt Financing and Corporate Finance) and Global Markets, offers products and services on a global scale to corporate and  institutional customers, and collaborates with other global businesses to better serve our broad customer base.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth Management &amp; Insurance (Wealth)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: comprises two business lines: i) Private Banking, which includes the corporate private banking unit and International Private Banking in the US, Switzerland and the UAE; and ii) Insurance &amp; Asset Management Solutions, which brings together the insurance business and liquid and illiquid asset management activities and includes the investment platforms and holdings that complement the traditional Wealth business.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Payment Solutions (Payments)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: brings together the Group&#8217;s digital payment solutions, providing global technological solutions to Group entities and new customers in the open market. It comprises Getnet, Getnet Platforms and Ebury.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Corporate Centre:</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of the Group&#8217;s asset and liability committee, as well as management of liquidity and of shareholders&#8217; equity via issuances. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As the Group&#8217;s holding entity, this area manages all capital and reserves and allocations of capital and liquidity with the other businesses. It also incorporates goodwill impairments but not the costs related to the Group&#8217;s central services (charged to the areas), except for corporate and institutional expenses related to the Group&#8217;s functioning. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i78d13034463543dcaeeb9cf8f526bc43"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Secondary segments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This secondary level includes our main geographical units and the Corporate Centre, as described in the primary segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Detailed financial information is provided on </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Spain, the UK, Portugal, Openbank Europe</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (previously referred to as DCB Europe), which includes all consumer business, our digital bank in Europe and ODS, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">the US</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Mexico, Brazil, Chile </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">and </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Argentina</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Information is also provided for the '</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Rest of the Group</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">', the grouping which brings together everything that is not included in the aforementioned geographical units or the Corporate Centre.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:18pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">32</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:15pt;padding-left:2.53pt;padding-right:2.53pt;text-align:center;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:2.170%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:94.159%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.171%"/><td style="width:0.1%"/></tr><tr style="height:9pt"><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">The information included on each of the segments in this report and the accounting principles under which their results are presented here may differ from the accounting principles applied and the financial information separately prepared and disclosed by our subsidiaries (some of which are publicly listed) which in name or geographical description may seem to correspond to the segments covered in this report. Accordingly, the results of operations and trends shown for our segments in this document may differ materially from those of such subsidiaries.</span></div><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">As described in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_532">4.2 'Group financial performance: 2025 vs 2024'</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">, the results of our segments presented below are only provided on the basis of underlying results in accordance with IFRS 8. Therefore, the information included in this section, at the Group and primary segment levels, excludes Poland's results line by line as they are recorded in full in the 'non-recurring items' line item. This reporting approach is consistent with the information used internally in management reporting as well as with other public Group disclosures from 2026. For the same reason, all underlying ratios and management metrics included in this section have been calculated excluding Poland. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">.</span></div><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">The results of our segments presented below are provided on the basis of underlying results only and include the impact of foreign exchange rate fluctuations. However, for a better understanding of the changes in the performance of our business areas, we also provide and discuss the year-on-year changes to our results excluding such exchange rate impacts (i.e. in constant euros), except for Argentina, and any grouping which includes it, where the variations in constant euros have been calculated considering the Argentine peso exchange rate on the last working day for each of the periods presented. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">.</span></div><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">The statements included in this section regarding Santander's competitiveness and that of its subsidiaries have been produced by the Group based on public information (corporate websites of competing entities and information published by national banking institutions).</span></div><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">Certain figures contained in this chapter have been subject to rounding to enhance their presentation. Accordingly, in certain instances, the sum of the numbers in a column or a row in tables contained in this report may not conform exactly to the total figure given for that column or row.</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/></tr><tr style="height:9pt"><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">33</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_565"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i27187d86a7424b31a6be43e090b103f0"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4.3.2 Summary of the Group's main business areas' income statements</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:31.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">2025</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Main items of the underlying income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Primary segments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net fee <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,528&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,222&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,447&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,534&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,998&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,710&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,036&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,479&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,015&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,335&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,741&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,824&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,552&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,016&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,264&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,949&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,708&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,335&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,642&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,042&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,598&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,564&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,983&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payment Solutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">167&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,059&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,373&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(490)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(585)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,003)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:5pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secondary segments</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,305&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,022&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,887&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,423&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,083&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,272&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,008&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,032&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,095&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,794&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,307&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,346&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">506&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,956&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,412&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,417&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,010&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,685&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">804&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,925&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,026&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,398&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">772&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,888&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,328&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,929&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,039&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,541&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,554&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,454&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,305&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,575&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,336&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,705&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,380&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,193&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,645&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,224&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,168&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,917&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">582&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,714&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,795&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,232&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">729&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,727&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">788&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,235&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,257&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">650&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">433&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(490)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(585)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,003)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,275)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,085)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the Group</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,080&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,309&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">300&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:47.202%"><div style="margin-top:19pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.987%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;letter-spacing:-0.018000000000000002em;line-height:105%">Underlying profit attributable to the parent. 2025 distribution</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Distribution </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> by primary segment</span></div></td></tr></table></div><div style="margin-top:9pt;padding-right:4.5pt"><img src="san-20251231_g14.jpg" alt="74" style="height:220px;margin-bottom:5pt;vertical-align:text-bottom;width:320px" id="i-14"/></div><div style="margin-top:9pt;padding-left:7.09pt;padding-right:4.5pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  As a % of operating areas. Excluding the Corporate Centre.</span></div></div><div style="display:inline-block;max-width:5.592%;min-width:4.592%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:47.206%"><div style="margin-top:9pt"><span><br/></span></div><div style="margin-top:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.987%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent. 2025</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. % change YoY</span></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:81.00pt"><tr><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:75.25pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Retail</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#9e3667;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#14868d;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">CIB</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#1e414c;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Wealth</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#63ba68;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Payments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:80%">     </span><img src="san-20251231_g15.jpg" alt="148" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:109px" id="i-15"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:80%">     </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:55.50pt"><tr><td style="width:1.0pt"/><td style="width:25.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:25.75pt"/><td style="width:1.0pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> B</span></div></td></tr><tr style="height:23pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+5&#160;</span></div></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+9&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+5&#160;</span></div></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+3&#160;</span></div></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+7&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+25&#160;</span></div></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+29&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">&#8212;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:12pt;margin-top:30pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Changes in constant euros.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">34</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">2024</span></div></td></tr><tr><td colspan="21" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Main items of the underlying income statement</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Primary segments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net fee <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,854&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,022&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,064&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,359&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,750&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,345&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,777&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,877&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,302&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,228&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,659&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,779&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,415&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,897&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,975&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,815&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,639&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,591&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,587&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,183&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,134&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,584&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payment Solutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,240&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(299)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(308)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,317)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,154)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secondary segments</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,256&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,867&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,580&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,071&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,440&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,762&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,950&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,011&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,962&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,794&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,306&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,548&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,065&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,492&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,481&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,361&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,644&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,796&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,131&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,693&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,152&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,580&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,615&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,053&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,109&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,631&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,385&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,278&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,551&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,274&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,671&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,121&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,414&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,536&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,318&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,830&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,422&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,822&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,592&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,650&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,111&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">629&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,919&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,487&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,150&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">827&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">665&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(308)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(680)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,220)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,317)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the Group</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">832&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">722&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,889&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(248)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(280)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">35</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_568"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i345d93876fde4102b442f14848b06f31"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4.3.3 Primary segments</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_571"></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="background-color:#ec0000;border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#ec0000;border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">EUR 7,710 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i780fea8e0a3340cc96e20ef2a05dc7ea"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros rose 1% year-on-year, mainly due to the increase in mortgages and cards, which amply offset the decrease in SMEs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The mortgage portfolio increased across most countries. However, personal loans decreased driven by Brazil, partially offset by growth in Spain, Chile and Argentina.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Corporate loans rose, mainly due to generalized growth across Europe, while SME loans were affected by lower volumes in Spain, the UK and Portugal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, rose 4%, driven by broad-based growth across countries in Europe, particularly in Spain, the UK and Brazil, especially in time deposits. Mutual funds rose 11% in constant euros, with positive performances across most countries. As a result, customer funds increased 5% in constant euros. </span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail. 2025 business performance</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and YoY % change in constant euros</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0pt"/><td style="width:3.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:57.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:69.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:14pt"><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">591</span></div></td><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+1%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">727</span></div></td><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+5%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:27.00pt"><tr><td style="width:1.0pt"/><td style="width:25.00pt"/><td style="width:1.0pt"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g16.jpg" alt="Spain.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-16"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g17.jpg" alt="UK.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-17"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g18.jpg" alt="Mexico.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-18"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g19.jpg" alt="Brazil.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-19"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><img src="san-20251231_g20.jpg" alt="4154" style="height:128px;margin-bottom:5pt;vertical-align:text-bottom;width:120px" id="i-20"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">   </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:27.00pt"><tr><td style="width:1.0pt"/><td style="width:25.00pt"/><td style="width:1.0pt"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g16.jpg" alt="Spain.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-21"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g17.jpg" alt="UK.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-22"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g18.jpg" alt="Mexico.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-23"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g19.jpg" alt="Brazil.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-24"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr></table><img src="san-20251231_g21.jpg" alt="4159" style="height:128px;margin-bottom:5pt;vertical-align:text-bottom;width:120px" id="i-25"/></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:244.50pt"><tr><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:42.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:21.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:10.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:19.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:17pt"><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customer excl. reverse repos</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits excl. repos + mutual funds</span></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib8dd51d6dfb54dae8295fc8cb0280b3b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit in 2025 was EUR 7,710 million (54% of the Group's total operating areas), up 5% compared to 2024. In constant euros, it rose 9% year-on-year, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income increased 3%, as the decrease in net interest income was amply offset by improvements in net fee income and other income, the latter favoured by the temporary levy on revenue earned in Spain, which was recorded in this line in 2024, whereas in 2025 the expected tax on revenue earned in Spain for the year was recorded under the &#8216;tax on profit' line.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income decreased 1% year-on-year, heavily impacted by Argentina, where interest rates declined significantly over the year. However, if we exclude Argentina, net interest income increased 2%, even in a less favourable interest rate environment, with positive performances in most countries. Of note, Mexico due to volumes and a lower cost of deposits, Chile supported by a lower cost of deposits and the UK driven by higher mortgage profitability and a lower cost of deposits.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Greater commercial activity and a larger loyal customer base contributed to net fee income growth (+9%). The most significant increases were in Argentina, Mexico and the UK and by product in transactional, insurance and mutual fund fees.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail. Total income</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and YoY % change in constant euros</span></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:38.25pt"><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0pt"/><td style="width:36.25pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g16.jpg" alt="Spain.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-26"/></div></td><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g17.jpg" alt="UK.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-27"/></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g18.jpg" alt="Mexico.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-28"/></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g19.jpg" alt="Brazil.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-29"/></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><img src="san-20251231_g22.jpg" alt="5184" style="height:139px;margin-bottom:5pt;vertical-align:text-bottom;width:188px" id="i-30"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:50.25pt"><tr><td style="width:1.0pt"/><td style="width:48.25pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span></td><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+3%</span></div></td><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+2%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+9%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">0%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+2%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">&#160;&#160;&#160;&#160;</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:21.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.208%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.519%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Retail</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">32,447</span></td><td colspan="3" style="padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:24pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+3%</span></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs decreased 1%. In real terms, expenses declined 5% reflecting our transformation efforts through organizational simplification, process automation and the deployment of the global platform as well as lower charges in the 'other operating costs' line. As a result, net operating income increased 6% and efficiency improved to 42.9%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased 8% year-on-year, as declines in Spain and the US partially offset the increases in Argentina due normalization and Brazil driven by loan growth and a less favourable macro environment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions line recorded a 29% lower loss than in 2024, due to lower charges related to transformation.</span></div><div style="margin-bottom:15pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Overall, underlying RoTE (post-AT1) in 2025 was 17.1%.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:34.503%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.999%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.999%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.999%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.000%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,447</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,064&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,913)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,704)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,534</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+6</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,150)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,064)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+8</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,998</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,750&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+6</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,710</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+5</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+9</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">36</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_574"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g23.jpg" alt="banderaESP.jpg" style="height:35px;margin-bottom:5pt;vertical-align:text-bottom;width:35px" id="i-31"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail Spain</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;3,316</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1064c51ad5064d599381ad628e0fb75e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos, were flat year-on-year as the increase in personal loans, consistent with our customer engagement strategy, and higher corporate loans offset a decrease in SMEs, affected by the ICO maturities and the impact of our focus on active risk management and balance sheet optimization.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits excluding repos, increased 4% year-on-year, driven by our new value proposition for Select customers, supporting customer acquisition and improving our funding mix. Mutual funds increased 15% year-on-year. As a result, customer funds increased 6% year-on-year.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6aee55d86636456c968b188952198e81"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax in 2025 reached EUR 3,316 million, 17% higher than in 2024. By line item:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income increased 3% mainly due to the rise of net fee income, driven by transactional, insurance and mutual funds fees, and other income favoured by the temporary levy on revenue earned in Spain, which was recorded in this line in 2024, whereas in 2025 the expected tax on revenue earned in Spain for the year was recorded under the &#8216;tax on profit' line.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs were flat, reflecting the progress achieved in product simplification and process automation, as well as by the savings obtained from the rollout of global platforms such as Gravity. As a result, the efficiency ratio improved to 36.5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions decreased 8%, which resulted in an improvement in the cost of risk and NPL ratio to 0.71% and 2.39%, respectively. </span></div><div style="margin-bottom:111pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line recorded a 49% lower loss year-on-year, benefited by less charges related to transformation.</span></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:47.036%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:15.359%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.359%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.846%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="12" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Spain. Underlying income statement</span></td></tr><tr><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ 2024</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,143</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,915&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,605)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,606)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,538</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+5</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,036)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,121)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,316</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+17</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_577"></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;padding-right:4.5pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g24.jpg" alt="UK.jpg" style="height:33px;margin-bottom:5pt;vertical-align:text-bottom;width:33px" id="i-32"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail UK</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,658</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id8e24934b08d4b159fcf962c6dda2ce4"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, increased 2% year-on-year, driven by an increase in mortgages and corporates. The trend in mortgages was positive throughout the year, with a progressive recovery in new business volumes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, increased 4% mainly driven by time deposits. Mutual funds increased 5% year-on-year in constant euros. As a result, customer funds increased 4% in constant euros. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia63ae66dd2f94831863bed5829b6c207"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax was EUR 1,658 million, up 2% year-on-year. In constant euros, it increased 3%, by line item:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income increased 2%, driven by a positive performance in net interest income, supported both by higher loan yields and a lower cost of deposits, and higher net fee income, driven by transactional and FX fees.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs decreased 3% reflecting our efforts in process simplification and automation. Net operating income increased 10% and the efficiency ratio improved by 2.9 pp to 59.3%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions continued to normalize, though they remained at low levels, with a cost of risk of only 7 bps.</span></div><div style="margin-bottom:177pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line recorded losses of EUR 124 million, a 21% greater loss year-on-year, impacted by charges related to transformation.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:35.011%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.493%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail UK. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,812</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,766&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+1</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,853)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,965)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,959</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+9</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+10</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+177</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+181</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,658</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,633</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+2</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+3</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">  Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">37</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_580"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="margin-top:9pt;text-align:center"><img src="san-20251231_g25.jpg" alt="Mexico.jpg" style="height:30px;margin-bottom:5pt;vertical-align:text-bottom;width:30px" id="i-33"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail Mexico</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,628</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3c4134e72d00437b8944e24509933b56"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, grew 2% year-on-year, mainly due to growth in mortgages, supported by our enhanced commercial offering.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, increased 8% year-on-year, with growth in both demand and time deposits. This reflects increased transactional activity as a result of our focus on customer primacy. In addition, during the year mutual funds rose 16% in constant euros. As a result, customer funds grew 10% in constant euros.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i21ddb4a027f54a2abf9bd72a3a53f9e8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax reached EUR 1,628 million in 2025 up 7% year-on-year. In constant euros, it increased 17%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income rose 9%, mainly driven by a good net interest income performance, supported by higher activity and a lower cost of deposits, and by an increase in net fee income, particularly from transactional fees and higher volumes in mutual funds.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs rose 7% affected by inflation and our investments in transformation. As a result, net operating income increased 11% and the efficiency ratio improved by 0.9 pp to 42.6%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased 2%, partially due to loan growth, with a cost of risk of 5.03% and an NPL ratio of 5.00%.</span></div><div style="margin-bottom:167pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">No other gains (losses) and provisions were recorded in 2025 or 2024.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Mexico. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,820</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,861&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+9</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,055)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,114)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+7</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,765</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+11</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,136)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,222)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,628</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+7</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+17</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_583"></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="margin-top:9pt;text-align:center"><img src="san-20251231_g26.jpg" alt="Brazil.jpg" style="height:30px;margin-bottom:5pt;vertical-align:text-bottom;width:30px" id="i-34"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail Brazil</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,464</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2330d0a2afaf4af990cfe20d7ef2d3ec"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, declined 1%, as growth in cards and mortgages did not fully offset declines in personal loans, in line with our strategy to focus on more profitable growth and capital optimization.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits increased 9%, excluding repos and in constant euros, driven by time deposits, which rose double-digits, particularly individuals. Mutual funds increased 18% in constant euros. As a result, customer funds grew 11% in constant euros.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3192ca8d53014dc7a3d586e033a21165"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax was EUR 1,464 million in 2025, a 26% decrease year-on-year. In constant euros, it declined 20%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income was flat, as higher fees driven by cards offset the negative sensitivity of the balance sheet to higher interest rates and lower gains on financial transactions, in an environment with lower activity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs increased 3%, driven by higher T&amp;O costs and higher charges in the 'other operating costs' line However, this growth is below inflation, reflecting our transformation efforts in simplification, automation and digitalization.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased 6%, affected by higher provisions in cards (volumes and macroeconomic environment) as well as in the corporate and agribusiness segments, which were impacted by the macroeconomic and regulatory environment.</span></div><div style="margin-bottom:121pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line recorded losses of EUR 11 million, a greater loss year-on-year.</span></div><div style="margin-bottom:12pt;text-indent:10.91pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Brazil. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,172</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,992&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,936)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,159)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,237</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,762)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,857)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+6</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,464</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(26)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(20)</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">  Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">38</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_586"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"/><td style="width:1.697%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.529%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:53.060%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.509%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#803262;border-bottom:0.5pt solid #990000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #990000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #990000;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="background-color:#803262;border-bottom:0.5pt solid #990000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#803262;border-bottom:0.5pt solid #990000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">EUR 1,741 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:6pt"><span id="i9e53381e1c3d4e4899dde385edb1a9fd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, rose 2% year-on-year. This was driven by auto (+4%), which saw continuous growth in Europe, in a market that picked up from a weak start at the beginning of 2025, and double-digit increases across most of Latin America.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The new lending performance (-8% year-on-year in constant euros) continued to reflect our focus on prioritizing profitability over volumes as we remained prudent in terms of originations in an environment marked by volatility and geopolitical uncertainty. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our EUR 13.3 billion leasing portfolio decreased 15% year-on-year in constant euros, as growth in Europe was more than offset by a decline in the US, due to the wind down of business through our relationship with Stellantis, lower demand for electric vehicles and our strategy to prioritize profitability over growth.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In terms of liabilities, our access to wholesale funding markets remained strong and diversified. Customer deposits accounted for 61% of Openbank's total funding. Excluding repos and in constant euros, deposits were up 5% year-on-year (+11% in the US and +1% in Europe), as a result of our focus on deposit gathering, supported by our digital bank. Including mutual funds (which rose 17%, albeit from low levels), customer funds grew 6% year-on-year in constant euros.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.048%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.535%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.343%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.541%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. 2025 business performance </span></td></tr><tr><td colspan="33" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and YoY % change in constant euros</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:240.00pt"><tr><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:34.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:3.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:6.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:34.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:53.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:22.00pt"/><td style="width:1.0pt"/></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">212</span></div></td><td colspan="12" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+2%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">139</span></div></td><td colspan="6" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+6%</span></div></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:44.25pt"><tr><td style="width:1.0pt"/><td style="width:39.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank US</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><img src="san-20251231_g27.jpg" alt="5383" style="height:75px;margin-bottom:5pt;vertical-align:text-bottom;width:102px" id="i-35"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:44.25pt"><tr><td style="width:1.0pt"/><td style="width:39.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank US</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><img src="san-20251231_g28.jpg" alt="5388" style="height:75px;margin-bottom:5pt;vertical-align:text-bottom;width:102px" id="i-36"/></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:244.50pt"><tr><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:42.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:21.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:10.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:19.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:21pt"><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customer excl. reverse repos</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits excl. repos + mutual funds</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.048%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.535%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.343%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.541%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. Leasing portfolio</span></td></tr><tr><td colspan="33" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and YoY % change in constant euros</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:244.50pt"><tr><td style="width:1.0pt"/><td style="width:69.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:49.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:49.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:69.25pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total leasing </span></td><td colspan="3" style="background-color:#deedf2;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:6pt;padding-right:6pt;text-align:right"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">13</span></div></td><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">-15%</span></div></td><td colspan="3" style="background-color:#deedf2;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><img src="san-20251231_g29.jpg" alt="5396" style="height:117px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-37"/><span id="ieacb21f194be4b11b90acb85d5cfa832"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit in 2025 was EUR 1,741 million, up 5% year-on-year, representing 12% of the Group's total operating areas. In constant euros, profit increased 8%, as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income rose 4%, mainly driven by net interest income, which grew 5%, with positive trends across almost all of our footprint, underpinned by our active margin management and higher volumes, as well as the CrediScotia integration in Peru.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net fee income was flat, as double-digit growth in the US and Latin America was offset by Openbank Europe, which was impacted by new insurance regulation in Germany and weaker car registration trends, especially in H1 2025.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other income declined, mainly due to lower leasing results in the US, driven by reduced volumes and lower residual values.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.048%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.535%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.343%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.541%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. 2025 total income</span></td></tr><tr><td colspan="33" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and YoY % change in constant euros</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:77.25pt"><tr><td style="width:1.0pt"/><td style="width:72.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank US</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><img src="san-20251231_g30.jpg" alt="6186" style="height:68px;margin-bottom:5pt;vertical-align:text-bottom;width:166px" id="i-38"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:36.00pt"><tr><td style="width:1.0pt"/><td style="width:34.00pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span></td><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#494949;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+5%</span></td><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#494949;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0%</span></td><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#494949;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+12%</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs rose 4% year-on-year (+2% in real terms), mainly driven by our investments in platforms, our digital bank and the CrediScotia integration, which were partially offset by savings from our efficiency and transformation efforts.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions grew 1%, as an excellent performance in auto in the US nearly offset increases in other units, mainly in Openbank Europe, and the impact of the CrediScotia integration. Credit quality remained controlled with the cost of risk improving 7 bps to 2.10%, while the NPL ratio stood at 5.32%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions registered a loss of EUR 312 million in 2025 compared to a EUR 512 million loss in 2024, mainly due to lower provisions for potential complaints related to motor finance dealer commissions in the UK.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The effective tax rate normalized as the benefit from fiscal incentives for electric vehicles decreased, following a decline in leasing volumes for these vehicles in the US during 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result, underlying RoTE (post-AT1) stood at 8.5% in 2025.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.776%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,015</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,877&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+1</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+4</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,680)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,576)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+4</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,335</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,302</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+4</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,457)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,562)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+1</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,228&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+15</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+18</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,741</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+5</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+8</span></td></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">   Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">39</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_589"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:128.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:76.75pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="background-color:#9bc3d3;border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-top:9pt;text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">OB</span></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,398</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i58104b4c19dc4e43a5f6a76dce6e6535"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">New car registrations saw weaker trends at the beginning of the year, with declines in normally strong months, but they picked up towards the end of the year. This performance and our focus on prioritizing profitability over growth were reflected in a 3% year-on-year drop in new business volumes in constant euros.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, gross loans and advances to customers, excluding reverse repos and in constant euros, grew 2% year-on-year, driven by auto balances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, rose 1% year-on-year, supported by demand deposits, in line with our strategy to increase the weight of retail funding. Mutual funds grew 16% in constant euros.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia87684116b6242b182a5cd31e88be562"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, profit before tax reached EUR 1,398 million, 24% higher than in 2024. In constant euros, it rose 23%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income grew 5%, mainly driven by strong net interest income (+8%), underpinned by our margin management and volumes growth, which more than offset the impact on net fee income from new insurance regulation in Germany and weaker car registration trends, particularly in the first half of the year.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs were up 2%. In real terms costs were flat as our strategic investments in platforms and business growth and higher charges in the 'other operating costs' line were offset by savings from the transformation of our operating model. As a result, net operating income increased 8% and the efficiency ratio improved to 48.9%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions grew 13%, especially in Germany, impacted by the macro environment and worse credit quality in corporates (which is in run-off). However, cost of risk remained below 1%.</span></div><div style="margin-bottom:35pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions posted a loss of EUR 266 million, compared to a EUR 456 million loss in 2024, mainly due to a decline in provisions for potential complaints related to motor finance dealer commissions in the UK.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank Europe. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,925</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,644&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+5</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+5</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,026</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+8</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+8</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,363)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+13</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+13</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,398</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+24</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+23</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_592"></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:88.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:117.25pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #494949;border-top:0.25pt solid #494949;padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g31.jpg" alt="US.jpg" style="height:27px;margin-bottom:5pt;vertical-align:text-bottom;width:27px" id="i-39"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #494949;border-top:0.25pt solid #494949;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Openbank US</span></div></td><td colspan="3" style="border-top:0.25pt solid #494949;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;699</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i27f912e26ebe49fa9a1e10393ae78741"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The stock of gross loans and advances to customers, excluding reverse repos and in constant euros, declined 5% year-on-year, mainly due to asset rotation initiatives (in line with our capital light strategy) and reduced new business activity, as we maintained our focus on profitability over growth. The leasing portfolio fell 28% in constant euros, impacted by the wind down of business through our relationship with Stellantis and a lower demand for electric vehicles.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, rose 11% year-on-year, driven by demand deposits, reflecting strong momentum in our digital bank. Mutual funds also grew in constant euros, contributing to an 11% increase in customer funds in constant euros.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i855935dda3a24576856015babb06275e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, profit before tax was 27% higher year-on-year, reaching EUR 699 million. In constant euros, it increased 32%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income was flat, as stronger net interest income (higher auto loan margins) and net fee income (higher activity in auto servicing for third parties), offset a decline in leasing income, primarily due to lower volumes and lower residual values.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i10c7bf8c44fe42eb8b1fcfbd9ea5f30f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:2.93pt">Total costs increased 3%, driven by strategic investment in our digital bank, which was partially offset by savings from our transformation initiatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions improved 9%, underpinned by resilient consumer behaviour, used car prices stable at high levels, and capital relief measures. As a result, cost of risk improved 26 bps, reaching 4.17%.</span></div><div style="margin-bottom:101pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line recorded a loss of EUR 45 million compared to a EUR 55 million loss in 2024.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank US. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,072</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,188)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,225)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,884</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,140)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,466)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">699</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">551</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+27</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+32</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">40</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_595"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#14868d;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #14868d;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #14868d;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="background-color:#14868d;border-bottom:0.5pt solid #14868d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#14868d;border-bottom:0.5pt solid #14868d;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">EUR 2,708 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;text-align:justify"><span id="icdba1cc7212845dd9c93319043d2ee47"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:89%">Business performance</span></div><div style="margin-bottom:8pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, increased 16% year-on-year, boosted by double-digit growth in GTB, GB and GM. Customer deposits, excluding repos and in constant euros, rose 6% year-on-year, driven by Cash Management.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Global Transaction Banking (GTB)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> recorded good activity levels year-on-year in a challenging environment:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In Trade &amp; Working Capital Solutions (T&amp;WCS), activity grew year-on-year, supported by the expansion into new segments and partnerships, such as Invensa, a new global inventory finance platform, in alliance with Pemberton, and the implementation of innovative, tailored solutions to address new client demands.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Export Finance activity, which increased in our main markets, was adversely impacted by Argentina. We achieved a fourth consecutive year as a global leader and strengthened our leadership in Sustainability through transactions carried out together with the Structured Finance team.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.004em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.004em;line-height:130%;padding-left:3.11pt">Cash Management activity was affected by interest rates easing across most of our markets. Nevertheless, we expanded real-time payment solutions and strengthened treasury connectivity, in line with our ambition to build a stronger European franchise while preserving our leadership in Spain, Portugal and Latin America.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Global Banking (GB)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, activity rose in the year, especially on the back of our US BBO initiative.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In Corporate Finance (CF), strong growth was driven by M&amp;A in the US and Europe, reflected in transactions such as with Orange, where we acted as financial advisor on the acquisition of its remaining stake in MasOrange. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">ECM</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> activity recovered during the second half of the year. Leveraged Finance activity increased, especially in the US, with key mandates such as Advent&#8217;s </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">leveraged buyout</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of Reckitt Essential Homes and with more important roles such as our lead arranger role in Partners Group&#8217;s acquisition of Middle River Power.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">I</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">n Debt Finance, DCM performed well, supported by strong investor demand and refinancing-driven issuances in the US, Europe and Latin America. However, Syndicated Loans activity softened, though we maintained leading bookrunner roles in Latin American sovereign and corporate deals, with prominent clients such as the Republic of Colombia and Metro de Rio de Janeiro.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Structured Finance activity was broadly flat year-on-year despite challenging conditions during the first half of the year. We achieved notable growth in the US, reinforcing our leadership in Liquefied Natural Gas and Renewables sectors and gaining traction in Digital and Data Centres infrastructure. We are also expanding our business in the UK and Asia and maintaining a top global position in Project Finance advisory.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> Global Markets (GM), </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">we recorded strong institutional client activity, particularly in the US, with disciplined risk management supported growth. Fixed income and FX products performed particularly well, offsetting weaker activity in Cash Equity. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib4c2253b7dc0477ca22e60363dbe8287"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit in 2025 was EUR 2,708 million (19% of the Group's total operating areas), up 3% year-on-year. In constant euros, profit grew 7%, as follows:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income rose 5% year-on-year, on the back of net interest income growth (+6%), mainly due to GM in Europe and the US, and strong net fee income (+9%) which grew across business lines. Other income was fairly stable year-on-year.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By country, there was double-digit revenue growth in the US, Mexico and our branch in the UK.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By business line, revenue rose 11% and 8% in GM and in GB, respectively, and there was double-digit growth in CF, mainly in the US. GTB revenue decreased slightly, as growth in Trade &amp; Working Capital Solutions was offset by lower results in Cash Management and Export Finance.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CIB. Total income by business</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Both EUR million and % change in constant euros</span></td></tr></table></div><div style="margin-bottom:3pt"><img src="san-20251231_g32.jpg" alt="7075" style="height:90px;margin-bottom:5pt;vertical-align:text-bottom;width:340px" id="i-40"/><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Note: total income includes revenue from other activities which are less material (EUR 160 million in 2024 and EUR 128 million in 2025).</span></div><div><span><br/></span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.008em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.008em;line-height:130%;padding-left:3.11pt">Total costs decreased 1%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, as our investments in new products and capabilities to support growth were more than offset by lower charges in the 'other operating costs' line. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.008em;line-height:130%">As a result, net operating income increased 12% and the efficiency ratio was 46.8%.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions have a limited impact on results due to the nature of CIB business. They increased year-on-year, though the cost of risk remained low at just 0.14%.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions recorded a EUR 37 million loss compared to a EUR 19 million loss in 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying RoTE (post-AT1) was 17.8%.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CIB. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,016</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,897&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+5</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,752)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,922)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,264</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,975</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(278)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+96</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+98</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,949</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,815&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+4</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+8</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,708</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,639</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">41</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_598"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#1e4b42;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="background-color:#1e414c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#1e414c;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:130%">EUR 1,983 mn</span></div></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:3pt solid #ffffff;border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="border-bottom:3pt solid #ffffff;border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="border-bottom:3pt solid #ffffff;border-top:1pt solid #3d3d3d;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="if730e600c92c49fe9e6a4e47147f2439"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, solid commercial activity and a positive market performance enabled us to reach a total volume of assets under management (AuMs) of EUR 541 billion, +14% year-on-year in constant euros. By business and in constant euros, volumes performed as follows:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.01em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.01em;line-height:130%;padding-left:3.11pt">In Private Banking (PB), customer assets and liabilities reached EUR </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">363</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.01em;line-height:130%"> billion (+</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">17%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.01em;line-height:130%"> year-on-year), with all products growing, as we focus on offering products with greater added value, such as alternatives and discretionary portfolio management.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our focus on offering our customers the benefits of our scale and international presence helped us expand our Private Banking customer base by 5% year-on-year to nearly 297,000.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Insurance &amp; Asset Management Solutions: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%"> i) total Santander Asset Management (SAM) AuMs increased year-on-year, on the back of the solid commercial activity, confirming strong client engagement and the attractive product offering; and ii) Insurance g</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ross written premiums reached EUR 10.6 billion in 2025, +5% year-on-year, mainly driven by life savings business.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:48.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:48.900%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Wealth. 2025 business performance</span></div></td></tr><tr><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and % change in constant euros. December 2025</span></div></td></tr></table></div><div><img src="san-20251231_g33.jpg" alt="5833" style="height:120px;margin-bottom:5pt;vertical-align:text-bottom;width:243px" id="i-41"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:38.25pt"><tr><td style="width:1.0pt"/><td style="width:36.25pt"/><td style="width:1.0pt"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ 2024</span></td></tr><tr style="height:15pt"><td colspan="2" style="border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+14&#160;</span></td><td style="border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+10&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+24&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+6&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+13&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+5&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="display:none"/></tr></table></div><div><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: total products marketed, advised, under custody and/or managed.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i99c2e49ce94647e7a87a0b535900e663"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit was EUR 1,983 million (14% of the Group's total operating areas), up 25% compared to 2024. In constant euros, it was 29% higher, by line item:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.011em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.011em;line-height:130%;padding-left:3.11pt">Total income increased </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.011em;line-height:130%">% year-on-year, as a result of our focus on value-added solutions to expand our fee business and improve revenue recurrency and predictability.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income decreased 14% </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.011em;line-height:130%">year-on-year</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> affected by Private Banking deposit cost inelasticity to interest rate cuts and a decline in the yield on assets in a lower interest rate environment in most of our markets.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">Net fee income rose </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">17</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">% year-on-year, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">with notable performances in Private Banking and our asset management business, driven by solid commercial activity, a positive market performance and our focus on promoting fee-generating activities and products.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other income improved year-on-year, boosted by the good performances of our insurance joint ventures and the investment platform units, both in the Insurance &amp; Asset Management Solutions business line.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Including the fees ceded to our commercial network, total revenue reached EUR 6,488 million, up 14%, on the back of higher customer activity in PB and higher volumes and good performance of our asset management business.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs were 6% higher year-on-year, growing less than total income, reflecting investments made to strengthen PB teams and develop new capabilities to address the increase in commercial activity. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions recorded a EUR 20 million loss compared to a EUR 42 million loss in 2024. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions recorded a EUR 14 million loss compared to a EUR 8 million loss in 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When considering ceded fees along with our PAT, the total contribution to Group profit (PAT+Fees) reached EUR 3,612 million, up 20% year-on-year.</span></div><div style="margin-bottom:30pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying RoTE (post-AT1) in 2025 was 61.5%.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:37.171%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.878%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Wealth. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,042</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,587&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+13</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+16</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,444)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,403)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+6</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,598</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+19</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+22</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,564</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,134&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+20</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+24</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,983</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+25</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+29</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">42</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_601"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#63ba68;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #63ba68;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #63ba68;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="background-color:#63ba68;border-bottom:0.5pt solid #63ba68;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#63ba68;border-bottom:0.5pt solid #63ba68;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">EUR 96 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i02cef2b345e1445c846f1d8b155386a5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, activity increased sharply. The total number of transactions in Getnet reached 10.5 billion, 7% higher year-on-year, for a total payments volume (TPV) of EUR 238 billion, 14% more than in 2024 in constant euros. This was driven by the good performances across countries, especially in Latin America.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In our A2A payments platform, the significant increase in the volume of payments processed enabled us to operate with greater efficiency, achieving a very competitive cost per transaction. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Payments' loan and deposit portfolios are not material, making up just 0.1% of the Group's total portfolios.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Getnet. TPV</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR billion and % change year-on-year in constant euros</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.08pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:26.986%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.988%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">+14%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:31.89pt;padding-right:31.89pt;text-align:center"><img src="san-20251231_g34.jpg" alt="4272" style="height:98px;margin-bottom:5pt;vertical-align:text-bottom;width:150px" id="i-42"/></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifb4e0d0344224f62a0d7fc3b05763c23"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit was EUR 96 million in 2025, compared to a EUR 299 million loss in 2024 (EUR 56 million loss excluding the charges related to the discontinuation of platforms in 2024). In constant euros:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income increased 16% year-on-year, driven mainly by the increase in net fee income, boosted by higher activity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs rose 2%, but improved 1% in real terms, even with our investments in platforms. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.003em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.003em;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased, mainly due to Getnet in Brazil.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions recorded a loss of EUR 12 million, a significantly lower loss than a year ago due to the aforementioned charges related to the discontinuation of our platforms in 2024.</span></div><div style="margin-bottom:27pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EBITDA margin was 34.5%, 7.0 pp higher than in 2024.</span></div><div style="margin-bottom:85pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:35.937%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.494%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Payment Solutions. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,373</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,240&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+11</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+16</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,203)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,208)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+447</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+49</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+55</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(299)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span></td></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%"> Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664">4.3.4 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">43</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_604"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#3a6d80;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #3a6d80;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:1pt solid #3a6d80;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="background-color:#3a6d80;border-bottom:1pt solid #3a6d80;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#3a6d80;border-bottom:1pt solid #3a6d80;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">-EUR 1,085 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6317a30e100b49b1b06c7e9ceae34505"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:3pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The underlying attributable loss in 2025 was EUR 1,085</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> million, a 6% lower loss than in 2024 (loss of EUR 1,154 million), with the f</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ollowing breakdown by line item:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net interest income declined EUR 182 million as lower interest rates impacted the balance sheet which has positive sensitivity to rate rises.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Losses on financial transactions decreased</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> by EUR 325 </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">million, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">due to a lower impact from foreign currency hedges.</span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:4pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs were 23% lower year-on-year, as higher IT costs were more than offset by lower charges in the 'other operating costs' line.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> by EUR 200 million due to LLPs recorded in the first half of the year related to our plan to accelerate NPL ratio reductions, improving the Group's credit quality.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions showed an improvement of EUR 25 million compared to 2024.</span></div><div style="margin-bottom:6pt;text-indent:10.91pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt;text-indent:9pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:52.295%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:1.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Corporate Centre. Underlying income statement</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(490)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(308)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(585)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(680)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(417)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(540)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,003)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,275)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,317)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="12" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="12" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="12" style="padding:0 1pt"/></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.295%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Corporate Centre. Balance sheet and operating means</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,465&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,911&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,001&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,984&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,075&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,922&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,613&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,896&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175,693&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">309,050</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,024&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,103&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,520&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,122&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">772&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,659&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,321&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">213,363</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">213,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95,687</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">92,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,537&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,997&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating means</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,825&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div></div></div><div style="margin-bottom:26pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:29.147%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">44</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_664"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7d347259d25841369e46a8bb131fbc64"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4.3.4 Appendix</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0aebb50c902841e6bb766649f2d8a36b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Primary segments</span></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">RETAIL &amp; COMMERCIAL BANKING</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,528&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,854&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,222&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,022&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">680&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">805&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(983)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,617)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,447</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,913)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,704)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,534</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,150)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,064)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(385)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(545)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,998</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,974)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,024</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,024</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(314)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(273)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,710</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">591,287&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600,230&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">726,779&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">706,505&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">616,402&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607,094&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,377&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99,411&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290,080&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">285,525&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.1&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.09&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.21&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,299&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,901&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,129&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,179&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,305&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,465&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">45</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:68.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.975%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Spain</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,877&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,930&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,223&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,199&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,143</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,605)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,606)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,538</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,036)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,121)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,316</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156,497&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156,118&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">281,486&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">266,230&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,850&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222,089&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,636&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,141&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.975%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail UK</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,846&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,760&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,812</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,766</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,853)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,965)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,959</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">180.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,658</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,633</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,043&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,033&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,472&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">217,765&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,427&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211,720&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,046&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,045&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">46</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Mexico</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,901&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,974&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">929&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">910&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,820</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,055)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,114)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,765</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,136)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,222)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,628</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,284&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,721&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,278&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,220&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,864&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,245&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,414&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,975&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Brazil</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,190&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,811&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,188&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,327&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,172</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,936)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,159)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,237</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,762)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,857)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,464</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(25.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,589&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,406&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,749&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,993&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,241&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,865&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,508&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,128&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">47</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">OPENBANK</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,036&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,777&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,479&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">511&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,015</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,680)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,576)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,335</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,302</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,457)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,562)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(312)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(512)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,566</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(489)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(294)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,077</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,077</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(336)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,741</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211,894&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,164&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138,999&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,122&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,909&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128,933&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,089&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,189&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155,664&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151,102&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.3)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.6&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.32&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.07&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.24&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,751&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,903&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,709&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,041&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">48</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,685&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,361&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">804&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,925</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,363)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,398</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,477&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,927&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,559&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,876&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,359&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,200&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,500&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank US</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,581&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,651&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">339&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,072</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,188)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,225)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,884</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,140)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,466)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">699</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">551</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,402&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,266&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,333&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,230&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,444&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,541&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,889&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,689&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">49</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CORPORATE &amp; INVESTMENT BANKING</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,824&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,779&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,552&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,415&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,281&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,568&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">159.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,016</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,752)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,922)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,264</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(278)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,949</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,815</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,114)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,023)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,835</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,835</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(127)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,708</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,065&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,840&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,731&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,492&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,267&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133,433&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,464&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,059&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,485&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,010&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%) and operating means</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.3&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.72&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.86&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,266&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,652&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">50</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">WEALTH MANAGEMENT &amp; INSURANCE</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,335&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,591&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,642&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">552&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,042</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,444)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,403)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,598</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,564</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(532)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(509)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,032</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,032</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(50)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,983</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,680&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,643&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181,509&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">161,304&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,051&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,736&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">123,458&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105,568&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,447&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,709&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under management</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">540,585&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">483,695&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross written premiums</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,632&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,752&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68.2&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.7)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.7&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.86&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.98&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,263&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,425&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of Private Banking customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">51</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">PAYMENT SOLUTIONS</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">167&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,059&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,373</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,203)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">451.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(95.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(95.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(57)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(65.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(299)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,002&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,392&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,392&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,421&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,898&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%) and operating means</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EBITDA margin</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.5&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87.6&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,059&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,382&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">52</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5e2d5b7a51184f6692cf5cde74fec6ff"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Secondary segments</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.499%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">UK</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,305&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,256&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,008&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,950&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,022&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,867&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">841&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">445.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">452.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">720&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(245)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,887</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,032</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,011</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,465)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,509)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,937)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,050)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,423</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,962</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,142)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,259)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">180.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(46.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(124)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,083</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,794</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,794</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,811)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,678)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(486)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(488)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,762</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">264,950&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,897&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242,624&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,453&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,904&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,838&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,335&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,787&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,671&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,519&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,570&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,120&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,675&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,132&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">270&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,361&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,341&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,048&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,382&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">545,561</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">509,726</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312,846</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">320,132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354,943&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,425&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,708&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,408&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,996&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,218&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,326&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,665&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,957&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,385&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,231&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,933&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,188&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,976&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,441&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,500&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,268&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,163&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,277&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,733&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">525,352</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">489,168</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">299,984</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,209</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,558</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,863</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237,385&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,759&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228,273&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236,496&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">429,464&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">399,999&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227,160&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,479&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">322,070&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306,389&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">219,440&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222,835&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,394&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,609&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,719&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,643&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.4&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.3&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.6&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58.4&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.94&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.66&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.73)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.08&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.33&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,630&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,827&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">363&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">444&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,362&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,307&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,720&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,541&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,242&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,842&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,547&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,646&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">53</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:30.882%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.859%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.859%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.412%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.688%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.319%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.603%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,346&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,548&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,685&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,361&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">506&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">804&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">569.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">474&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,956</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,065</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,925</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(574)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,412</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,492</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,363)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(456)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,417</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,398</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(478)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(322)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(255)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,011</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,011</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(234)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,010</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">772</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,260&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,410&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,322&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,038&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,744&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,873&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,078&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,185&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,998&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,010&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,510&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,310&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,243&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,129&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,090&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,109&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,088&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,115&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,334</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,530</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,125</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173,775</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,576&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,304&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,359&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,357&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,813&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,820&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,120&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,809&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,973&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,494&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,137&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">339&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,014&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,918&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,916&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,056&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,208&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,714&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,961</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55,485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">162,896</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,264</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,373</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,046</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,229</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,512</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,980&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,143&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,477&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,927&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,201&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,186&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,559&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,876&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,576&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,304&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,359&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,625&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,882&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,200&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,500&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.0&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.27&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.29)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.50&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.03&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">308&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">374&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,971&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,989&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,893&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,550&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,945&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,905&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">54</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.016%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">US</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,888&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,693&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,554&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,631&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,328&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,152&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,454&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,385&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">547&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">371&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(54.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(52.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(130)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,929</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,305</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,278</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,890)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,965)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,730)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,727)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,039</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,575</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,551</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,244)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,507)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,239)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,277)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,748</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">73.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,336</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(207)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(627)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(598)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,709</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,709</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,705</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,671</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,659&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,856&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,083&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,054&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,318&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,200&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,569&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,945&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,411&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,042&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,066&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,092&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,159&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,821&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,731&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,785&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,171&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,058&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,778&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,745&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">206,718</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">208,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102,227</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,621</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,000&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,403&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,595&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,836&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,934&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,794&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,984&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,260&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,433&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,783&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,316&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,632&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,255&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,223&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,586&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,640&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,085&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,683&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,258&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,115&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,707</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,886</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93,740</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,483</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,011</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,091</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,487</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,138</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,950&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,511&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,442&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,715&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,178&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,246&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,201&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,160&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,686&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,545&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,498&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,528&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,492&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,702&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,703&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,632&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.1&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.82&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.14&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.65&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.71&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.05)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">376&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,314&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,356&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,369&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,474&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,577&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,289&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,169&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,308&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,976&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,871&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">55</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.016%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,380&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,121&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,917&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,822&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,193&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,414&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">582&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">238&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,602</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,714</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,957)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(919)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(942)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,645</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,795</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,409)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,487)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(531)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(497)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,224</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,232</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,111</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(836)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,165)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(189)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(211)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(220)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(243)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(314)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(271)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,168</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">729</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,653&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,620&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,924&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,332&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,450&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,745&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,218&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,759&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,658&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,670&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,385&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,993&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,772&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,632&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,489&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,554&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,919&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,844&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,189&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,796&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209,453</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68,205</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">70,434</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92,256&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,994&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,503&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,181&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,377&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,878&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,778&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,133&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,161&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,351&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,703&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,403&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,757&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,215&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,322&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,323&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,829&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,582&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,299&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,942&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,380</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,020</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,604</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,983</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,073</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,490</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,601</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,451</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,030&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,785&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,986&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,405&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,580&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,881&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,256&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,383&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,449&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,378&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,293&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,060&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,132&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,503&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,963&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,324&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.8&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.7&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.3&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.76&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.10&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.66&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.73&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.37&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.36&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,618&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,202&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,948&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,455&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,608&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,311&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,966&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,123&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,693&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,556&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">56</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.499%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,727&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,919&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,080&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">832&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">788&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">722&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(510)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,263)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">187.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,235</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,309</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(978)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,337)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,676)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,643)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,257</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">634</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">158.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">197.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(574)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(284)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(260)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(263)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">650</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">827</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">328</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(248)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(216)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(161)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">434</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(34.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">434</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(34.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(89.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">433</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(34.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(280)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,032&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,684&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,315&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,905&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,724&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,901&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,912&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,178&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,230&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,654&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,452&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,677&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(58.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(57.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,387&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,041&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,078&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">978&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,157&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,930&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,080</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,222</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,732</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,959&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,293&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,913&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,955&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">685&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">852&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,249&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,309&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(57.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">258&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,508&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">898&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">401.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,060&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">968&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,402&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,694&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">547&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">476&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,543&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,514&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,510</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,614</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,570</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,494</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,608</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,611&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,938&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,796&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,285&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,894&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,047&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,916&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,204&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,959&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,293&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,691&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,527&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,934&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,754&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,225&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,677&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.2&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.5&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.3)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.68&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.06&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.62&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">391&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,412&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,117&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,772&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,674&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="33" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. In Argentina, we have included the CartaSur points of sale and the banking service points in 2025 and 2024 figures and all previous periods.</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">57</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451859"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i872d6b3e6e3b4bc8a177defe74645550"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.4 Financial performance: 2024 vs 2023</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander follows IFRS to report its results (see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_847">note 1.b</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements), which generally inform reporting of our financial situation in this consolidated directors&#8217; report. However, we also use non-IFRS measures and Alternative Performance Measures (APMs) to assess our performance (see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">). Thus, the main adjustments to our IFRS results consist of:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Underlying results measures: we present what we call underlying results measures which exclude items outside the ordinary course of business and reclassify certain items under some headings of the underlying income statement as described at the end of </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451871">4.4.1 &#8216;Results&#8217;</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements. In our view, this provides a better year-on-year comparison.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941">4.5 'Financial information by segment: 2024 vs 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, we present results by primary and secondary segments only in underlying terms in accordance with IFRS 8. We reconcile them in aggregate terms with our IFRS consolidated results in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Local currency measures: we use certain non-IFRS financial indicators in local currency to assess our ongoing operating performance. They include the results from our subsidiary banks outside the eurozone excluding the exchange rate impact (i.e., in constant euros) except for Argentina and any grouping which includes it. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures: 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, which explains how we exclude the exchange rate impact from financial measures in local currency. Because changes in exchange rates have a non-operating impact on results, we believe assessing performance in local currency provides management and investors a more meaningful assessment of performance.  </span></div><div style="margin-bottom:24pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We have rounded certain figures in this consolidated directors' report to present them more clearly. Thus, the amounts given in the totals columns and rows of tables in certain instances may not match the sum of that column or row.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">58</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451871"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="ifd5fb4ab547141a7a4482f0646a625f7"></span><span style="color:#ec0000;font-family:'Santander Text SemiBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.4.1 Group results</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451883"></div><div style="margin-top:9pt;text-align:justify"><span id="ie4b35129e161420191b34a69b8190c9c"></span><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Group statutory income statement</span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/></tr></table></div><div><span><br/></span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:68.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.458%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Condensed income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income (interest income minus interest expense)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,787&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,650&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,137&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income (commission income minus commission expense)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,376&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,495&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">881&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities and exchange differences (net)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,211&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,565&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(354)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividend income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">568&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income from companies accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">687&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">591&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income/expenses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,728)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,918)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,043</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,092</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Operating expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,215)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(531)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,036)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,598)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(438)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Staff costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13,851)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13,299)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(552)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other general administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,185)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,299)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,179)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,086)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(93)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversal of provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,062)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,058)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,004)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,136)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment of other assets (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(624)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(237)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(387)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-financial assets and investments (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">368&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Negative goodwill recognized in results</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-current assets held for sale not classified as discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit or loss before tax from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,347</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,005</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense or income from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,844)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,880)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(964)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from the period from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,503</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,378</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit or loss after tax from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,058&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">183&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit for the period</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,744</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,561</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,170)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,107)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,574</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: the summarized income statement groups some lines of the </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_826">consolidated income statements</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> as follows:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">&#8216;Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net&#8217;; &#8216;Gain or losses on financial assets and liabilities held for trading, net&#8217;; &#8216;Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss&#8217;; &#8216;Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net&#8217;; &#8216;Gain or losses from hedge accounting, net&#8217;; and &#8216;Exchange differences, net&#8217;.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.47pt">Other operating income&#8217;; &#8216;Other operating expenses&#8217;; &#8217;Income from insurance and reinsurance contracts&#8217;; and &#8216;Expenses from insurance and reinsurance contracts&#8217;.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">59</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia1cd05c08d9344e5a7cd9d01ec3cf738"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:121%">Main income statement items</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">In accordance with IFRS 5 requirements, results associated with the business subject to the Poland disposal are reported under a single line item in the consolidated income statement &#8212; 'profit/(loss) after tax from discontinued operations' &#8212; for the years 2025, 2024 and 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated balance sheet, the assets associated with the businesses subject to the Poland disposal are classified under the 'non-current assets held for sale' line item and the related liabilities under 'liabilities associated with non-current assets held for sale' solely for the year ended 31 December 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, this classification does not affect the balance sheet for the year ended 31 December 2024 or for the year ended 31 December 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, to facilitate analysis and ensure comparability of the information in the following tables 'average balance sheet - assets and interest income', 'average balance sheet - liabilities and interest expense', 'volume and profitability analysis', 'volume and cost analysis' and 'net interest income. Volume, profitability and cost analysis summary' were calculated classifying assets and liabilities associated with the businesses subject to the Poland disposal under 'assets/liabilities from discontinued operations' in both periods presented.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, profit attributable to the parent reached a new record of EUR 12,574 million, representing a year-on-year increase of 14%, compared to the EUR 11,076 million recorded in 2023. This increase was backed by the good performance in total income, which grew at a much higher pace than operating expenses.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This year-on-year comparison is impacted by a higher charge relating to the temporary levy on revenue earned in Spain (EUR 335 million in 2024), charges in Q2 2024 related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America (EUR 243 million, net of tax and minority interests) and the provision in Q4 2024 for potential complaints related to motor finance dealer commissions in the UK (EUR 260 million, net of tax). Additionally, there was a lower contribution to the Deposit Guarantee Fund (DGF) in Spain in 2024 and there was no contribution to the Single Resolution Fund (SRF) as contributions ended in 2023.</span></div><div style="margin-bottom:3pt"><span id="i71a34e5afe14458b89a5edd80ec7ebfa"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Total income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Total income amounted to EUR 58,043 million in 2024, compared to EUR 53,951 million in 2023, an 8% increase year-on-year. Net interest income and net fee income accounted for around 97% of total income. By line item:</span></div><div style="margin-bottom:3pt"><span id="i605828c7fb98479fa611b8efc4762489"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Net interest income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income amounted to EUR 43,787 million, 8% higher than in 2023.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables show the average balances of each year <br/>calculated as the monthly average over the period, which we believe should not differ materially from using daily balances, and the interest generated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The tables on the following pages also include average balances and interest rates in 2024 and 2023, based on the domicile of the entities at which the relevant assets or liabilities are recorded. Domestic balances relate to our entities domiciled in Spain. International balances relate to entities domiciled outside of Spain (reflecting our foreign activity), and are divided into mature markets (the US and Europe, except Spain) and developing markets (South America and Mexico).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average balance of interest-earning assets in 2024 was 2% higher than in 2023. The activity of our entities in both the domestic market and in the international mature markets grew by 3% year-on-year, while in international developing markets they decreased 2%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average balance of interest-bearing liabilities in 2024 was 2% higher year-on-year, with growth in the domestic market (+6% year-on-year) whereas both the international mature markets and international developing markets were 1% lower year-on-year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average return on interest-earning assets increased from 6.68% in 2023 to 7.03% in 2024, following a strong rise in 2023. By market, it grew 49 bps year-on-year in the domestic market, +53 bps year-on-year in our international mature markets, and +6 bps year-on-year in our international developing markets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average cost of interest-bearing liabilities increased 22 bps in 2024 to 4.42%. By market, domestic and international mature markets increased 48 bps and 67 bps, respectively. However, in international developing markets it decreased 106 bps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We calculated the change in interest income/(expense) shown in the tables below by:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Applying the interest rate of the previous period to the difference between the average balances from the current and previous periods to obtain the change in volumes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Applying the difference between the rates from the current and previous periods to the average balance from the previous year to obtain the change in interest rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both interest income and expense increased in 2024, mainly due to higher average interest rates. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">60</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:49.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.757%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Average balance sheet - assets and interest income </span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash balances at central banks and other deposits on demand, and loans and advances to central banks and credit institutions </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">285,813</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,140</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.65</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306,622</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,705&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,701&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.32&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,332&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,694&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.00&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,350&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,700&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.98&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124,570&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,611&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.50&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,758&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,739&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.14&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,720&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,967&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.22&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,820&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,533&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.67&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,760&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,670&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.69&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32,739&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,901&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.81&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,292&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,336&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.50&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,085&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">492&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.09&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,845&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">278&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.74&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,996&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,140&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.65&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,623&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,056&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12.41&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,018,241</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,900</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.36</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,005,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">67,879</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">265,043&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,272&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.63&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">265,322&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,581&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.99&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">562,488&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,884&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.02&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">546,641&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,771&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.26&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190,710&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,744&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.07&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">193,750&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,527&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.72&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,528&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,884&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.56&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46,238&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,163&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.00&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,410&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">468&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.77&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,725&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">261&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.99&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,161&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,310&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.03&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36,546&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,809&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.42&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">957&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.08&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">967&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.62&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246,539</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,431</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.26</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">211,269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,955</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,607&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,478&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.68&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,507&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,503&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.50&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,140&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,174&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.39&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,327&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.81&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,792&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,779&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.14&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,435&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,008&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.32&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income from hedging operations</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,470</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,001&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,955&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(71)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-earning assets</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,550,593</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109,012</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.03</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,523,604</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">468,355&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,532&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.38&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">454,161&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,686&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.89&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">740,978&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,801&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.91&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">722,538&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,844&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.38&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341,260&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,679&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.09&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">346,905&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,212&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.03&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other non-interest earning assets</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,101</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">197,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,578</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average total assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,803,272</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109,012</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,773,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div><div style="text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">61</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:49.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.757%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Average balance sheet - liabilities and interest expense </span></div></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities and stockholders&#8217; equity</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>&#160;balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average <br/>rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deposits from central banks and credit institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151,986</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,381</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.17</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">174,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,256&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,960&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.91&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,366&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,723&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.37&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,633&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,447&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.48&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,456&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,989&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.71&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,097&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,974&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.44&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,472&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,648&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.53&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,556&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,539&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.14&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,594&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,711&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,663&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,973&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.24&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,123&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,686&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.94&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,773&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">579&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.60&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,542&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.93&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,120&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,987&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.61&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,929&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,637&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.97&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Customer deposits</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">994,107</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,714</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.59</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">969,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,457</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.35</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">321,519&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,944&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.54&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">302,379&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,269&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.08&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">472,750&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,283&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.44&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">468,602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,386&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.64&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199,838&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,487&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.25&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,850&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,802&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.45&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">85,139&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,207&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.64&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73,158&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,059&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.65&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,124&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">586&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.15&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">263&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.71&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,115&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,278&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.97&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46,992&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,125&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.78&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,900&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,343&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.23&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,564&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,671&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12.39&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Marketable debt securities </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">307,931</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,612</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.75</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">287,148</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,671</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,606&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,330&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,045&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,184&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.12&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,291&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,323&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.54&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,912&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,219&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.87&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,034&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,959&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.20&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,191&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,268&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.66&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Commercial paper</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,809&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,244&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.82&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29,195&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,329&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.55&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,046&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">727&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.26&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,509&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">888&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.13&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,143&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">339&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.75&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,641&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">243&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.31&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,620&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">178&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.99&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,045&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest-bearing liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,762</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">672</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.95</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,020</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,151&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">490&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.86&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,109&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">469&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.91&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,707&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.46&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,830&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.02&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,904&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.67&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,081&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.88&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Expenses from hedging operations</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,066</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,374</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,045&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,325&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,756&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">582&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,573&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,780</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,596</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">741&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">567&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">757&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">725&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-bearing liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,476,786</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,225</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.42</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,454,293</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,092</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">546,532</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,624</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.86</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">514,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.38</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">638,381</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,677</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.02</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">645,800</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,655</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.35</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">291,873</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,924</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.20</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">293,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other non-interest bearing liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">168,212</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170,566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,398</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total stockholders&#180; equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,744</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93,035</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,132</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average total liabilities and stockholders&#180; equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,803,272</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,225</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,773,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,092</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">Does not include contingently convertible preference shares and perpetual subordinated notes because they do not accrue interest. We include them under 'Other non-interest-bearing liabilities'.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">62</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:65.220%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.986%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.734%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Volume and profitability analysis </span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 vs. 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Increase (decrease) due to changes in</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Volume</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total change</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash and deposits on demand and loans and advances to central banks and credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,020)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(358)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(482)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">571&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(180)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(228)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">473&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">390&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">863&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">487&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">78&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">565&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">196&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">214&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(210)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">294&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">391</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,021</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,702&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,691&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">854&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,259&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,113&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(452)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">669&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">217&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,397&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">324&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,721&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">207&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,270&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">231&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,501&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #bababa;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #bababa;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13&#160;</span></td><td style="border-top:0.25pt solid #bababa;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,173</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">844&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">975&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">401&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">329&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">730&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(72)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(229)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income from hedging income</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,040)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,040)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(954)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(954)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(283)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(283)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(55)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(55)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-earning assets</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(551)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,198</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(202)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,159</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,957</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(997)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">464</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(533)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">63</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:65.220%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.730%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.986%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.734%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Volume and cost analysis </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 vs. 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Increase (decrease) due to changes in</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest expense</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Volume</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total change</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deposits from central banks and credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,181)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">332&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(980)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">438&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(542)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(106)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">432&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">576&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">252&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">828&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">105&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">287&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">144&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">191&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">250&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">350&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Customer deposits</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,845</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">218&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,457&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,675&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,786&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,897&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,398)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,315)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">672&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">476&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,148&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">413&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(90)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">323&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,052&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,153&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">158&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(486)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(328)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,941</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">449&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,146&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">342&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">762&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,104&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(110)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(199)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(309)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Commercial paper</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(166)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(85)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(161)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">96&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest-bearing liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Expenses from hedging expenses</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,308)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,308)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(991)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(991)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other interest</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">174&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">174&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total interest-bearing liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,197)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,330</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,133</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">890</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,477</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,367</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(980)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,002</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,107)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,149)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,256)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;text-align:center"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">64</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:65.319%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.840%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.749%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net interest income. Volume, profitability and cost analysis summary </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 vs. 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Increase (decrease) due to changes in</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Volume</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total change</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(551)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">648&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,198&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,846&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,159&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,957&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(997)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">464&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(533)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest expense</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,197)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,330</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,133</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">890&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,477&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,367&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(980)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,002&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,022&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,149)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,256)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 12.25pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(242)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(279)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(521)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Mature markets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">935</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International - Developing markets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">110</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,613</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,723</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net interest income</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:9pt"><img src="san-20251231_g35.jpg" alt="5580" style="height:208px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-43"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:60.00pt"><tr><td style="width:1.0pt"/><td style="width:42.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.75pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+8%</span></td><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net fee income</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:6pt;text-indent:-4.25pt"><img src="san-20251231_g36.jpg" alt="5586" style="height:209px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-44"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:59.25pt"><tr><td style="width:1.0pt"/><td style="width:45.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:10.00pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+8%</span></td><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div></div></div><div style="margin-bottom:3pt"><span id="i2a11d324944b4abc9a25faf517c43ea6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Net fee income</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net fee income totalled EUR 12,376 million in 2024, 8% higher than in 2023, with good performances in CIB, Openbank and Wealth.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1069">note 41</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1072">note 42</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:3pt"><span id="i856c3c3c8db246d68d6ae840b5045bd6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Gains or losses on financial assets and liabilities and exchange differences (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gains on financial transactions and liabilities and exchange differences (net) stood at EUR 2,211 million (EUR 2,565 million in 2023), affected by lower market activity in South America, especially in Brazil, lower results in Openbank Europe and lower results in the Corporate Centre from foreign currency hedges and risk transfer initiatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gains or losses on financial assets and liabilities stem from mark-to-market valuations of the trading portfolio and derivative instruments, which include spot market foreign exchange </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">transactions, sales of investment securities and liquidation of our hedging and other derivative positions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1075">note 43</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange rate differences primarily show gains and losses from foreign exchange and the differences that arise from converting monetary items in foreign currencies to the functional currency, and from selling non-monetary assets denominated in foreign currency at the time of their disposal. Given Santander manages currency exposures with derivative instruments, the changes in this line should be analysed together with gains or losses on financial assets and liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1078">note 44</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">65</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="icf682262bfd04af58ab15788597b801c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Dividend income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Dividend income was EUR 710 million in 2024 (EUR 568 million in 2023).</span></div><div style="margin-bottom:3pt"><span id="ib7d9dc0e1ac34fceaa0bd082edb65467"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Income from companies accounted for using the equity method</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">The income from companies accounted for using the equity method reached EUR 687 million in 2024 compared to EUR 591 million in 2023.</span></div><div style="margin-bottom:3pt"><span id="iaa562774678f4037b82527d5406f051d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Other operating income/expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other operating income/expenses recorded a loss of EUR 1,728 million in 2024 (compared to a EUR 1,918 million loss in 2023). These results include the hyperinflation adjustment in Argentina and a charge relating to the temporary levy on revenue earned in Spain, which was 50% higher than in 2023 (EUR 335 million in 2024 versus EUR 224 million in 2023). There was no contribution to the SRF in 2024 and there was a lower contribution to the DGF in Spain (EUR 11 million, net of tax and minority interests in 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1081">note 45</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statement.</span></div><div style="margin-bottom:3pt"><span id="if8ae437627724153a12b0579765fcc1e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Operating expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Operating expenses amounted to EUR 25,215 million in 2024, 2% higher than 2023, increasing below inflation, reflecting our progress in transformation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our cost management continued to focus on improving our efficiency and, as a result, we remained among the most efficient global banks in the world.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our business transformation plan, ONE Transformation, continued to progress across our footprint, reflected in an enhanced operating performance and better business dynamics.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1084">note 46</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1099">note 47</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifa920c2e34754682ba1bd6ee876449ca"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Provisions or reversal of provisions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions (net of provisions reversals) amounted to EUR 3,062 million in 2024 compared to EUR 2,058 million in 2023. In 2024 they included the charges after discontinuing our Superdigital platform in Latin America in Q2 2024 and</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.4pt;font-weight:400;letter-spacing:-0.007em;line-height:130%"> a charge in Q4 2024 from provisions for potential complaints related to motor finance dealer commissions in the UK (EUR 353 million)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see</span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_991">note 25</a></span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ifc559782d45647fa9301be30fc3e7858"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net impairments totalled EUR 12,136 million in 2024 (EUR 12,298 million in 2023).</span></div><div style="margin-bottom:3pt"><span id="i0c5fa622d8d1411082c4450687d07021"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Impairment on other assets (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Impairment on other assets (net) was EUR 624 million in 2024 (compared to EUR 237 million in 2023). In 2024, it included the charge registered in Q2 2024 in PagoNxt after discontinuing our merchant platform in Germany. </span></div><div style="margin-bottom:3pt"><span id="i7d047954922044a78baa9fbb19eba3bc"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Gains or losses on non-financial assets and investments (net)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">In 2024, gains or losses on non-financial assets and investments (net) stood at EUR 368 million, which included the gain recorded in Q2 2024 from an agreement with Sodexo in Brazil (EUR 352 million). In 2023, gains or losses on non-financial assets and investments (net) stood at EUR 312 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see</span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1111">note 48</a></span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements.</span></div><div style="margin-bottom:3pt"><span id="ic717ab7295a84ec0b652266a02ba6572"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Negative goodwill recognized in results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">No negative goodwill was recorded in 2024. Negative goodwill of EUR 39 million was recorded in 2023.</span></div><div style="margin-bottom:3pt"><span id="i21a97c85b9f64921b02612120ddb40d5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Gains or losses on non-current assets held for sale not classified as discontinued operations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">This item, which mainly includes impairment of foreclosed assets recorded and the sale of properties acquired upon foreclosure, recorded a EUR 27 million loss in 2024 (EUR 20 million loss in 2023).</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see</span><span style="color:#64a0b9;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1114">note 49</a></span><span style="color:#3051f2;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements.</span></div><div><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">66</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:76.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss (net)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,137&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,274&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss and net gains and losses from changes</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,136</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,298</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:76.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Impairment on other assets (net)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment of investments in subsidiaries, joint ventures and associates, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment on non-financial assets, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">237</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">382&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">135&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">231&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment on other assets (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">237</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i474b3a949b6547b4a1e7b3393e2e65c2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Profit or loss before tax from continuing operations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax was EUR 17,347 million in 2024, +16% year-on-year, supported by the good performances in net interest income and net fee income. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i85a40810d06e420c959659ccd50f54e2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Tax expense or income from continuing operations</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Total tax expense from continuing operations was EUR 4,844 million in 2024 (compared to EUR 3,880 million in 2023).</span></div><div style="margin-bottom:3pt"><span id="i23a5adfa3bfe4cddb674d4bcc92060aa"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Profit or loss after tax from discontinued operations</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit or loss after tax from discontinued operations totalled EUR 1,241 million in 2024 compared to EUR 1,058 million in 2023. This line records the results associated with the Poland disposal, which increased year-on-year driven by a good revenue performance.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span><br/></span></div><div style="margin-bottom:25pt;margin-top:3pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Profit attributable to the parent</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:3pt"><img src="san-20251231_g37.jpg" alt="11393" style="height:202px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-45"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:34.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+14%</span></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ia93d895b191e49469e822ce12f12200f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Profit attributable to non-controlling interests</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit attributable to non-controlling interests stood at EUR 1,170 million in 2024 (EUR 1,107 million in 2023), in part due to the accelerated placement of ordinary shares of Santander Bank Polska S.A. in the year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1021">note 28</a></span><span style="color:#3051f2;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">to the consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie5464aea58f245d6b5d0d1fcf2f02272"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:121%">Profit attributable to the parent</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit attributable to the parent amounted to EUR 12,574 million in 2024, 14% higher than the EUR 11,076 million in 2023.</span></div><div style="margin-top:90pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Earnings per share</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR </span></td></tr></table></div><div style="margin-bottom:9pt"><img src="san-20251231_g38.jpg" alt="11776" style="height:201px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-46"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:34.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+18%</span></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">67</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451895"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;text-align:justify"><span id="if853470c336146aa9c487ee2ed8711cd"></span><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Group underlying income statement</span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:2.5pt solid #6f7779;padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:16.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.500%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Attributable</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Underlying</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Profit</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">RoTE (post-AT1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Profit</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">EUR 12,574 million</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+14% in euros</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">15.5%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">EUR 11,774 million</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+13% in euros</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:4pt;margin-top:12pt;text-align:center"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">14.4%</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+16% in constant euros </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+1.1 pp</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+15% in constant euros </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">+1.0 pp</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: changes vs. 2023.</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9c9c9c;padding:0 1pt"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%"> </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is the condensed income statement adjusted for items beyond the ordinary course of business and reclassification of certain items under some headings of the underlying income statement, as described in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements, where our segments' aggregate underlying consolidated results are reconciled to the statutory consolidated results.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the underlying income statement, results obtained in Poland are reported in the 'non-recurring items' line item for 2024 and 2023, so that it is excluded from underlying profit at both the Group and global business levels. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, all underlying ratios and management metrics included in this underlying income statement section have been calculated excluding Poland. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group presents, both at the total Group level and for each of the business units, the changes in euros registered in the income statement, as well as variations excluding the exchange rate effect (i.e. in constant euros, except for Argentina and any grouping which includes it), understanding that the latter provide a better analysis of the Group&#8217;s management. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the Group level, exchange rates had an unfavourable year-on-year impact of 2.5 pp on total income and a favourable impact of 1.9 pp on total costs, mainly due to the depreciation of the Brazilian real and the Mexican peso.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To better understand the business trends, we reclassified certain items under some headings of the underlying income statement. These reclassifications between the statutory and underlying income statements include: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In 2024:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As previously explained, in the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded line-by-line from the underlying income statement and recorded in the 'non-recurring items' line.</span></div></div></div><div style="padding-left:14.17pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:56.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.347%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Condensed underlying income statement</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,824&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,718&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,106&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.6</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,468&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">867&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.6</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions and exchange differences </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.6)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.1)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(812)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">421&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51.8)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(52.0)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,044</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.5</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.0</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27,354)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,501)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,191</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.6</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.6</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,081)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">308.9</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.9</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,112)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(741)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.0</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.1</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.9</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.9</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(791)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,372</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.5</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-recurring items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">800&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">674&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,574</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.7</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">Excluding non-recurring items.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">68</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As explained in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements, certain charges recorded in the statutory income statements under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR 835 million of restructuring charges, EUR 353 million of provisions for potential complaints related to motor finance dealer commissions and EUR 243 million from charges related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions which strengthen the balance sheet in Brazil of EUR 352 million gross in Q2 2024 (EUR 174 million net of tax and minority interests) which were compensated by gains on the sale of our stake in Pluxee in Brazil. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In 2023:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As previously explained, in the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded line-by-line from the underlying income statement and recorded in the 'non-recurring items' line.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As explained in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, certain charges recorded in the statutory account under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR 385 million of restructuring charges.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions to strengthen the balance sheet in Brazil in Q1 2023, totalling EUR 235 million, net of tax and non-controlling interests (EUR 474 million recorded in net loan-loss provisions, EUR 213 million positive impact in tax and EUR 26 million in non-controlling interests) which were more than offset by gains of EUR 270 million resulting primarily from the divestments of stakes in Brazil and Openbank in the 'other gains (losses) and provisions' line item.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, regarding results that fall outside the ordinary course of our business and are therefore excluded from the underlying income statement and recorded in the 'non-recurring items' line:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">As previously explained, in both 2024 and 2023, results obtained in Poland are reported in the 'non-recurring items' line.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132">note 52.c</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result, the profit attributable to the parent was EUR 12,574 million, increasing 14% in euros and 16% in constant euros compared to 2023, while the underlying profit was EUR 11,774 million in 2024 which also represented a rise of 13% in euros and 15% in constant euros compared to 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This year-on-year comparison is impacted by a higher charge relating to the temporary levy on revenue earned in Spain, charges </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">in Q2 2024 related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America (EUR 243 million, net of tax and minority interests) and by the provision in Q4 2024 for potential complaints related to motor finance dealer commissions in the UK (EUR 260 million, net of tax and minority interests).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, in 2024, there was a lower DGF contribution in Spain and there was no contribution to the SRF as contributions ended in 2023.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Total income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%"> amounted to EUR 57,984 million in 2024, a 7% increase year-on-year. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">In constant euros, total income increased by 10% year-on-year, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (NII) totalled EUR 43,824 million and increased by 10% year-on-year, with growth across all businesses:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, which represented 63% of the NII of the total operating areas, NII increased by 11%, with rises in most countries, but especially in South America, driven by higher volumes, and in Spain and Portugal, due to good margin management. </span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">NII grew strongly (+6%) in</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (24% of the NII of the total operating areas), on the back of active loan repricing and volumes growth in Openbank Europe, and higher volumes and lower interest rates in Brazil.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> CIB, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">NII increased by 16%, boosted by our three main business lines.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, NII increased by 7%, driven by good margin management in a favourable macroeconomic environment and strong commercial activity in Private Banking.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, NII increased strongly (+50%), due to higher activity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Net fee income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> reached EUR 12,335 million, increasing by 11% year-on-year, with growth across all businesses. We recorded this excellent net fee income performance as a result of executing our strategy to capture network effects across the Group. By business:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 3%, supported by the good performances in Brazil, Argentina and the US.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 24%, driven mainly by growth in Openbank Europe due to increased insurance penetration, volumes growth in Brazil and auto fee income in the US.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">CIB</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 22%, especially boosted by the US Banking Build-Out (US BBO) initiative.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 21%, with growth across businesses, boosted especially by higher volumes on the back of positive commercial activity and a favourable market performance.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, net fee income increased by 5%, boosted by higher activity. </span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">69</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:15pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:71.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.382%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net fee income</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Asset management business, funds and insurance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,244&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,890&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit and debit cards</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,250&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,286&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities and custody services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,251&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,059&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Account management and availability fees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,953&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,866&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cheques and payment orders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">795&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">784&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">632&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">629&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charges for past-due/unpaid balances and guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bill discounting</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">758&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,335</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,468</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Gains on financial transactions and exchange differences </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">decreased 11%, mainly due to lower results in CIB, mainly in Brazil, affected by weaker market activity (though there was some recovery in the second half of the year), lower results in Openbank Europe and in the Corporate Centre due to impacts from foreign currency hedges and risk transfer initiatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Other operating income </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">registered a lower negative result in 2024 than in 2023. These results include the hyperinflation adjustment in Argentina and the charge relating to the temporary levy on revenue earned in Spain, which was 50% higher than in 2023 (EUR 335 million in 2024 versus EUR 224 million in 2023). There was no contribution to the SRF in 2024 and there was a lower contribution to the DGF in Spain (EUR 11 million, net of tax and minority interests in 2024).</span></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total income</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div><img src="san-20251231_g39.jpg" alt="8533" style="height:162px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-47"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">  </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:37.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:12.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+7%</span></td><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:12pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt;padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +10%.</span></div><div style="margin-bottom:15pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Total costs</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%"> in 2024 reached EUR 27,354 million, up 3% year-on-year (+5% in constant euros). In real terms, excluding the impact of average inflation and in constant euros, they increased 2% year-on-year, well below total income growth. For further information about costs in real terms, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We continued to progress with our business transformation plan, ONE Transformation, reflected in greater operational leverage, better business dynamics and more streamlined and agile structures. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">By business and in constant euros:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs decreased by 1%. In real terms they also fell 1%, reflecting our transformation efforts through organizational simplification, process automation and the deployment of the global platform, as well as lower charges in the 'other operating costs' line. The efficiency ratio improved strongly to 44.5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs increased by 1% year-on-year. In real terms, they declined 1%, driven by our efficiency and transformation efforts in the US and Europe. The efficiency ratio was 49.7%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">CIB</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs increased by 18% (+15% in real terms), due to our investments in new products and capabilities to support growth and higher impacts in the 'other operating costs' line. The efficiency ratio stood at 49.7%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs rose 12% (+9% in real terms), reflecting investments made to strengthen PB teams and develop new capabilities to address the increase in commercial activity. The efficiency ratio improved to 39.1%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, total costs grew 11% (+7% in real terms), reflecting continued investment in global payments platforms.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">70</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:71.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.382%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total costs</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Staff costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,827&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,279&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,129&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,250&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Information technology</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,579&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,387&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Communications</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">387&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">399&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Advertising</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">575&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings and premises</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">711&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">681&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Printed and office material</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Taxes (other than tax on profits)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">570&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,300&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,545&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,956</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,529</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Depreciation and amortization</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,179&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,086&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,135</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,219&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,886&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,354</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:27pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Efficiency ratio</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr></table><img src="san-20251231_g40.jpg" alt="10254" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-48"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">-1.9</span></td><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:9pt;font-weight:400;line-height:121%">pp</span></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our cost management continued to focus on structurally improving our efficiency. As a result, we improved our efficiency ratio to 47.2%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All in all, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> reached EUR 30,630 million, up 12% year-on-year. In constant euros, it rose 15%, mainly driven by the good revenue performance (particularly in net interest income and net fee income).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> in 2024 amounted to EUR 11,822 million, broadly in line with 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In constant euros, they increased by 4%. The good performance in Retail due to lower provisions in Europe, especially in Spain and the UK partially offset the expected increases in Openbank, as a result of the normalization in Europe, higher volumes, lower portfolio sales compared to 2023 and some regulatory charges.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cost of risk stood at 1.12% as of 31 December 2024. For more details, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_709">5.1. 'Key credit risk metrics'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Net loan-loss provisions</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table><img src="san-20251231_g41.jpg" alt="11288" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-49"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:37.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:12.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="2" style="background-color:#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:700;line-height:121%">0</span><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">&#160;</span></td><td style="background-color:#ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:700;line-height:121%">%</span></td><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:120%">A. In constant euros: +4%.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:120%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%"> recorded a loss of EUR 1,431 million in 2024, compared to a EUR 350 million loss in 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This year-on-year comparison was impacted by the aforementioned charges in 2024: i) the discontinuation of our merchant platforms in Germany and Superdigital in Latin America; and ii) the charge in Q4 2024 due to the provisions recorded for complaints related to motor finance dealer commissions in the UK. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Tax on profit </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">amounted to EUR 4,853 million, 18% higher than in 2023. In constant euros, it rose 20%, due to higher tax burden in some countries, mainly in Spain and Brazil.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">71</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Underlying profit attributable to the parent </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">in 2024 was EUR 11,774 million, 13% more than in 2023. In constant euros, it rose 15%, supported by solid total income growth.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">underlying RoTE post-AT1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> was 14.4%, up from 13.5% in 2023, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">underlying RoRWA </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">was 2.07% (compared to 1.86% in 2023) and </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">underlying earnings per share </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">reached EUR 0.72 (from EUR 0.61 in 2023).</span></div><div style="margin-bottom:3pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr></table></div><div style="margin-bottom:3pt"><img src="san-20251231_g42.jpg" alt="12580" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-50"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.00pt"><tr><td style="width:1.0pt"/><td style="width:37.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:12.25pt"/><td style="width:1.0pt"/></tr><tr style="height:26pt"><td colspan="2" style="background-color:#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">+13&#160;</span></td><td style="background-color:#ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">%</span></td><td colspan="3" style="background-color:#ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +15%.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="padding-left:3.97pt;text-indent:-3.97pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Underlying RoTE post-AT1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr></table><img src="san-20251231_g43.jpg" alt="12588" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-51"/></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As previously explained, results related to the Poland disposal are recorded in </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">non-recurring items</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, totalling EUR 800 million in 2024 compared to EUR 674 million in 2023. </span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Including these non-recurring items, profit attributable to the parent </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">in 2024 was EUR 12,574 million, 14% more than in 2023. In constant euros, it rose 16%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">RoTE post-AT1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> stood at 15.5% (14.4% in 2023). </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">RoRWA</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> stood at 2.18% (1.95% in 2023) and </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">earnings per share</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> stood at EUR 0.77 (EUR 0.65 in 2023). </span></div><div style="margin-bottom:15pt;padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">72</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451907"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i3cc5e0f960154164aec064fb1684799d"></span><span style="color:#ec0000;font-family:'Santander Text SemiBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.4.2 Group balance sheet</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:63.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.792%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Balance sheet</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="6" style="background-color:#f6f6f6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></div></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,208&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28,134)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,253&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,332&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,130&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,910&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,915&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,773&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,858)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,898&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,308&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,590&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,203,707&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191,403&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,304&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(704)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(788)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,277&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,646&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(369)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under reinsurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,087&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,882&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,795)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,259&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,871&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(612)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,596&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,390&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(794)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,559&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,856&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(297)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,002&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,014&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">988&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,837,081</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,797,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities and equity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,151&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,881&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,360&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,367&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,007)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,484,322&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,468,703&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,619&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,904)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(116.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,829&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,799&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,407&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,441&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,598&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,932&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(334)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,344&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,598&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,254)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities associated with non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,729,754</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,692,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,933</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shareholders' equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,196&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,443&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,753&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36,595)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,020)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,575)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interest</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,726&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,818&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(92)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">107,327</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities and equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,837,081</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,797,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: this is a summarized balance sheet. For further information, see the </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_823">'consolidated balance sheet'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> in the consolidated financial statements.</span></div><div style="text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">73</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:9pt;padding-left:1.12pt;padding-right:1.12pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:0.1%"/><td style="width:0.542%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.840%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.542%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.542%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.542%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.317%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.164%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.164%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.164%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.840%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.407%"/><td style="width:0.1%"/></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt;padding-left:7.08pt"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">Executive summary </span><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:7.15pt;font-weight:700;line-height:110%;position:relative;top:-3.85pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;border-top:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Gross loans and advances to customers (excluding reverse repos and Poland)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Customer funds (deposits excluding repos + mutual funds, excluding Poland)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="9" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">EUR 979 billion</span></div></td><td colspan="3" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">+1%</span></div></td><td colspan="3" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">+1%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">EUR 1,155 billion</span></div></td><td colspan="15" rowspan="2" style="background-color:#f7f7f7;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ee2724;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">+4%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-bottom:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="12" rowspan="4" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#6d6d6d;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span><span style="color:#48859e;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#232;</span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">  </span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%;text-decoration:underline">By segment</span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">:</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="6" rowspan="4" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#6d6d6d;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span><span style="color:#48859e;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#232;</span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">  </span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%;text-decoration:underline">By product</span><span style="color:#48859e;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">:</span></div></td><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;border-top:2pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="15" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Growth in the year was mainly driven by Openbank and Wealth</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="30" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Growth in all products, rising double digits in mutual funds </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Retail</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Openbank</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">CIB</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Wealth</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Demand</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Time</span></div></td><td colspan="15" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Mutual funds</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"><div style="margin-bottom:6pt;text-align:center"></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">-1%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+4%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">0%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+8%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+1%</span></div></td><td colspan="3" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+1%</span></div></td><td colspan="15" style="background-color:#f7f7f7;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+18%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="57" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">2024 vs. 2023 changes in constant euros. For more information on figures presented in constant euros and the exclusion of repurchase agreements and reverse repurchase agreements, see </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #9bc3d3;border-left:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #9bc3d3;border-right:1pt solid #9bc3d3;padding:0 1pt"/></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="margin-bottom:3pt"><span id="ia337438478254973ba4a995e1d486b3a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> totalled EUR 1,054,069 million in December 2024, a 2% increase year-on-year. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purpose of analysing traditional commercial banking loans, the Group uses gross loans and advances to customers excluding reverse repurchase agreements (repos). Additionally, in line with the criteria used in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_547">4.2.2.'Balance sheet'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, we analysed loans and advances to customers excluding Poland in both 2024 and 2023 balance sheets. As at end December 2024, gross loans and advances to customers excluding reverse repos and Poland, totalled EUR 978,961 million in December 2024, flat compared to December 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To facilitate the analysis of Santander's management, the comments below do not consider the exchange rate impact (i.e., in constant euros), except for Argentina and any grouping which includes it. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:24pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;letter-spacing:-0.02em;line-height:130%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.02em;line-height:130%">excluding Poland and reverse repos and in constant euros, grew by 1% year-on-year, as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Retail, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">which represented 62% of the Group's loan portfolio, gross loans and advances to customers decreased 1%, mainly due to declines in the UK (in line with our profitability strategy) and Spain, still impacted by pre-payments despite a pickup in new business volumes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Openbank</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, which represented 22% of the Group's loan portfolio, they grew 4% driven by good performances in the auto markets in Openbank Europe and Latin America.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">CIB</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, which represented 13% of the Group's loan portfolio, lending volumes were stable, as growth in North and South America compensated the lower volumes in Europe.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Wealth, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">gross loans and advances to customers increased by</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">8% driven by growth in Private Banking.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Payments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> had a loan portfolio of just EUR 1 billion (+5% year-on-year).</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:63.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.792%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Loans and advances to customers</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Excluding Poland</span></div></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="6" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commercial bills</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,429&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,970&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,541)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Secured loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">538,218&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">535,118&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other term loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284,136&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286,585&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,449)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance leases</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,643&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,518&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,125&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Receivable on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,737&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,255&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,518)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit cards receivable</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,563&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,016&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">547&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,235&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,730&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(495)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross loans and advances to customers (excluding reverse repos)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978,961</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">981,192</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,231)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,344&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,067&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,277&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross loans and advances to customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,038,305</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,025,259</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,046</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan-loss allowances</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,145&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,794&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(649)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net loans and advances to customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,017,160</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,695</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">74</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Gross loans and advances to customers <br/>(excluding reverse repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion. Excluding Poland</span></div></td></tr></table></div><div><img src="san-20251231_g44.jpg" alt="2956" style="height:195px;margin-bottom:5pt;vertical-align:text-bottom;width:241px" id="i-52"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:49.50pt"><tr><td style="width:1.0pt"/><td style="width:36.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:9.25pt"/><td style="width:1.0pt"/></tr><tr style="height:21pt"><td colspan="2" style="background-color:#ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">0&#160;</span></td><td style="background-color:#ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:15pt;font-weight:400;line-height:121%">%</span></td><td colspan="3" style="background-color:#ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#ffffff;font-family:'Santander Text Light',sans-serif;font-size:6.5pt;font-weight:700;line-height:121%;position:relative;top:-3.5pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:11pt"><td colspan="6" style="background-color:#ee2724;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">2024 vs. 2023</span></td></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:30pt;padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +1%.</span></div><div style="margin-bottom:9pt;margin-top:21pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of December 2024, gross loans and advances to customers excluding reverse repos maintained a diversified structure between the markets in which the Group operates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With respect to gross loans and advances to customers (including reverse repos) maturing in more than one year, at the end of 2024, 67% had a fixed interest rate, while the remaining 33% had a floating interest rate:</span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Gross loans and advances to customers <br/>(excluding reverse repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">% of operating areas. December 2024. Excluding Poland</span></td></tr></table></div><div style="padding-left:9pt"><span><br/></span></div><div style="padding-left:9pt"><span><br/></span></div><div style="padding-left:9pt"><span><br/></span></div><div style="padding-left:9pt"><img src="san-20251231_g45.jpg" alt="3346" style="height:182px;margin-bottom:5pt;vertical-align:text-bottom;width:326px" id="i-53"/></div><div style="margin-bottom:9pt;margin-top:21pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In Spain, 51% of loans and advances to customers were fixed rate and 49% were floating rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Outside of Spain, 71% of loans and advances to customers were fixed rate and 29% were floating rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For more details on the distribution of loans and advances to customers by business line, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_940">note 10.b</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> to the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:28.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.985%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.985%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.310%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Gross loans and advances to customers (including reverse repos) with maturities exceeding one year as at 31 December 2024</span></td></tr><tr><td colspan="27" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Excluding Poland</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Domestic</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">International</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Weight as % of the total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Weight as % of the total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Weight as % of the total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,166</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">368,330</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">438,496</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,440</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,521</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,961</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">137,606</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">516,851</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">654,456</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">75</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:63.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.792%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total customer funds</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Excluding Poland</span></div></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="6" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Absolute</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641,237&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">628,451&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,786&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286,296&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295,434&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,138)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mutual funds </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227,226&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,618&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,608&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,154,759</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,127,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,256</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,646&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,831&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">815&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Managed portfolios </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,969&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,233&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,736&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.6</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,072&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,784&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(712)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,291,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,257,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Including managed and marketed funds. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> grew 1% year-on-year to EUR 1,055,936 million at 31 of December 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group uses customer funds (customer deposits, excluding repos, plus mutual funds) to analyse traditional retail banking funds. Additionally, in line with the criteria used in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_547">4.2.2 'Balance sheet'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, we analysed customer funds excluding Poland in both 2024 and 2023 balance sheets. As at 31 December 2024, they amounted to EUR 1,154,759 million and grew 2% year-on-year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To facilitate the analysis of Santander's management, the comments below do not consider the exchange rate impact (i.e., in constant euros), except for Argentina and any grouping which includes it. For further information, see </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667">4.6. 'Alternative performance measures (APMs): 2025, 2024 and 2023'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:18pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Compared to December 2023, customer funds excluding Poland rose 4% in constant euros, as follows:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Customer funds (excluding repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion. Excluding Poland</span></div></td></tr></table></div><div><img src="san-20251231_g46.jpg" alt="4818" style="height:216px;margin-bottom:5pt;vertical-align:text-bottom;width:237px" id="i-54"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.402%"><tr><td style="width:1.0%"/><td style="width:73.503%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.297%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Dec-24 vs. Dec-23</span></div></td></tr><tr><td colspan="2" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">+2</span></div></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">%</span></div></td><td colspan="3" style="border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:700;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">A</span></div></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="2" style="border-left:0.5pt solid #9e3667;border-top:0.5pt solid #9e3667;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">+12</span></div></td><td style="border-top:0.5pt solid #9e3667;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">%</span></div></td><td colspan="3" style="border-right:0.5pt solid #9e3667;border-top:0.5pt solid #9e3667;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #9e3667;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #9e3667;padding:0 1pt"/></tr><tr><td colspan="2" style="border-left:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">0</span></div></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">%</span></div></td><td colspan="3" style="border-right:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Total</span></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Mutual funds</span><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">B </span></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deposits excluding repos</span></div></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In constant euros: +4%.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Including managed and marketed funds.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">By product, customer deposits excluding repos rose 1%, with a 1% increase in both demand and time deposits. Mutual funds rose 18%, with widespread increases across all businesses and countries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">By business, customer funds increased 4% in Retail, mainly driven by time deposits and mutual funds. In Openbank, customer funds rose 11%, in line with our retail deposit gathering strategy. In CIB, customer funds fell 8%, as a result of our strategy to reduce excess corporate deposits while in Wealth they were up 11%, mainly driven by mutual funds.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer funds maintained a diversified structure across the markets in which the Group operates. The weight of demand deposits was 55% of total customer funds, while time deposits accounted for 25% and mutual funds 20%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to capturing customer deposits, for strategic reasons the Group has a selective policy on issuing securities in international fixed income markets and strives to adapt the frequency and volume of its market operations to the structural liquidity needs of each unit, as well as to the receptiveness of each market.</span></div><div style="margin-bottom:18pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.010%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Customer funds (excluding repos)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">% of operating areas. December 2024. Excluding Poland</span></td></tr></table></div><div><img src="san-20251231_g47.jpg" alt="6004" style="height:182px;margin-bottom:5pt;vertical-align:text-bottom;width:326px" id="i-55"/></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">76</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451941"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="ifc26f552654e4523b2dcbb8d527d1a81"></span><span style="color:#ec0000;font-family:'Santander Text SemiBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.5 Financial information by segment: 2024 vs 2023</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451647"></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie0a2ceaf9a294eeeb23d000fa76da392"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4.5.1 Summary of the Group's main business areas' income statements</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:31.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Main items of the underlying income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Primary segments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net fee <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,854&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,022&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,064&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,359&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,750&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,345&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,777&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,877&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,302&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,228&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,659&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,779&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,415&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,897&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,975&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,815&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,639&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,591&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,587&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,183&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,134&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,584&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payment Solutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,240&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(299)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(308)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,317)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,154)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:5pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secondary segments</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></div></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,256&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,867&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,580&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,071&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,440&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,762&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,950&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,011&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,962&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,794&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,306&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,548&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,065&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,492&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,481&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,361&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,644&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,796&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,131&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,693&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,152&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,580&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,615&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,053&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,109&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,631&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,385&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,278&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,551&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,274&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,671&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,121&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,414&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,536&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,318&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,830&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,422&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,822&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,592&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,650&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,111&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">629&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,919&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,487&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,150&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">827&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">665&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(308)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(680)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,220)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,317)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the Group</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">832&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">722&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,889&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(248)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(280)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:47.202%"><div style="margin-top:19pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.987%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;letter-spacing:-0.018000000000000002em;line-height:105%">Underlying profit attributable to the parent. 2024 distribution</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Distribution </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> by primary segment</span></div></td></tr></table></div><div style="margin-top:9pt;padding-right:4.5pt"><img src="san-20251231_g48.jpg" alt="76" style="height:220px;margin-bottom:5pt;vertical-align:text-bottom;width:320px" id="i-56"/></div><div style="margin-top:9pt;padding-left:7.09pt;padding-right:4.5pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  As a % of operating areas. Excluding the Corporate Centre and negative contribution from Payments.</span></div></div><div style="display:inline-block;max-width:5.592%;min-width:4.592%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:47.206%"><div style="margin-top:9pt"><span><br/></span></div><div style="margin-top:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.987%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent. 2024</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. % change YoY</span></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:81.00pt"><tr><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:75.25pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Retail</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#9e3667;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#14868d;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">CIB</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#1e414c;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Wealth</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#63ba68;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Payments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:80%">     </span><img src="san-20251231_g49.jpg" alt="150" style="height:188px;margin-bottom:5pt;vertical-align:text-bottom;width:109px" id="i-57"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:80%">     </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:55.50pt"><tr><td style="width:1.0pt"/><td style="width:25.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:25.75pt"/><td style="width:1.0pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> B</span></div></td></tr><tr style="height:23pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+25</span></div></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+27</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">-13</span></div></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-12</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+13</span></div></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+17</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+17</span></div></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+18</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:29pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+291</span></div></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-bottom:9pt;text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+231</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:12pt;margin-top:30pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Changes in constant euros.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">77</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="21" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Main items of the underlying income statement</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Primary segments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net fee <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total <br/>income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,586&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,077&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,792&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,036&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,195&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,887&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,221&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,229&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,274&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,748&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,677&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,361&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,013&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,100&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,719&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,578&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,328&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,499&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,082&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,816&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,834&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,360&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payment Solutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,134&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(442)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(901)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(961)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,468</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secondary segments</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></div></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,641&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,699&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,837&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,022&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,399&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,371&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,152&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,358&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,430&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,107&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,545&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,465&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">464&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,944&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,378&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,314&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">896&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,193&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,481&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,730&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,019&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,199&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,742&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">766&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,209&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,502&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">863&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">932&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,408&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,374&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,899&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,254&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,119&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,560&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,116&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,462&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,104&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,674&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,911&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,921&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,383&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,285&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,332&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">951&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">582&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,879&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,544&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">713&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">386&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Centre</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(442)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(901)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(961)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(998)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the Group</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">780&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">615&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,721&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL GROUP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,468</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">78</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451660"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i97bcd5317f5e4c05afc0425dc6c4cdc8"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4.5.2 Primary segments</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451672"></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="background-color:#ec0000;border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#ec0000;border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">EUR 7,345 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i93e4e67c13874fa1ba1598730a67a1be"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, decreased 1% year-on-year. Balances fell mainly in the UK (in line with our profitability strategy) and in Spain, still impacted by pre-payments despite a pickup in new business volumes. This was partially offset by increases in Brazil, Mexico and Portugal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, rose 2%, driven by Spain and Brazil, especially in time deposits. Mutual funds rose 21% in constant euros, with positive performances across most countries. As a result, customer funds increased 4% in constant euros. </span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail. 2024 business performance</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and YoY % change in constant euros</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0pt"/><td style="width:3.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:57.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:69.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:14pt"><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">600</span></div></td><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">-1%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">707</span></div></td><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+4%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:27.00pt"><tr><td style="width:1.0pt"/><td style="width:25.00pt"/><td style="width:1.0pt"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g16.jpg" alt="Spain.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-58"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g17.jpg" alt="UK.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-59"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g18.jpg" alt="Mexico.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-60"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g19.jpg" alt="Brazil.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-61"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><img src="san-20251231_g50.jpg" alt="924" style="height:128px;margin-bottom:5pt;vertical-align:text-bottom;width:120px" id="i-62"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">   </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:27.00pt"><tr><td style="width:1.0pt"/><td style="width:25.00pt"/><td style="width:1.0pt"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g16.jpg" alt="Spain.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-63"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g17.jpg" alt="UK.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-64"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g18.jpg" alt="Mexico.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-65"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g19.jpg" alt="Brazil.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-66"/></div></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr></table><img src="san-20251231_g51.jpg" alt="929" style="height:128px;margin-bottom:5pt;vertical-align:text-bottom;width:120px" id="i-67"/></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:244.50pt"><tr><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:42.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:21.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:10.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:19.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:17pt"><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customer excl. reverse repos</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits excl. repos + mutual funds</span></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6d8d08ba244d479e8446b2fe72ef7dd6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit in 2024 was EUR 7,345 million, up 25% compared to 2023. In constant euros, it rose 27% year-on-year, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income increased 10%, driven by both net interest income and net fee income.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income increased 11% year-on-year, with rises in most countries, but especially in South America, driven by higher volumes, and in Spain and Portugal due to good margin management. The exceptions were the UK and the US, affected by lower volumes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Greater commercial activity and a larger loyal customer base contributed to net fee income growth (+3%). The most significant increases were in Brazil, Argentina and the US.</span></div><div style="margin-bottom:9pt;margin-top:3pt;padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-top:3pt;padding-left:7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail. Total income</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and YoY % change in constant euros</span></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:38.25pt"><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0pt"/><td style="width:36.25pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g16.jpg" alt="Spain.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-68"/></div></td><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g17.jpg" alt="UK.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-69"/></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g18.jpg" alt="Mexico.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-70"/></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g19.jpg" alt="Brazil.jpg" style="height:18px;margin-bottom:5pt;vertical-align:text-bottom;width:18px" id="i-71"/></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><img src="san-20251231_g52.jpg" alt="2223" style="height:139px;margin-bottom:5pt;vertical-align:text-bottom;width:188px" id="i-72"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:50.25pt"><tr><td style="width:1.0pt"/><td style="width:48.25pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span></td><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+15%</span></div></td><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">-10%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+7%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+14%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:130%">+22%</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">&#160;&#160;&#160;&#160;</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:21.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.208%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.519%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:105%">Retail</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">33,064</span></td><td colspan="3" style="padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:24pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+10%</span></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs increased 2%. In real terms, expenses declined 1% reflecting our transformation efforts through organizational simplification, process automation and the deployment of the global platform, as well as lower charges in the 'other operating costs' line. As a result, net operating income increased 18% and efficiency improved to 44.5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions improved 2% year-on-year, due to positive performances across Europe, especially in Spain and the UK (macro outlook improvement in the country), which more than offset greater provisions in Brazil due to higher activity and cost of risk normalization in Mexico and Chile.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line had an 85% greater loss than in 2023.</span></div><div style="margin-bottom:15pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying RoTE (post-AT1) in 2024 was 17.6%.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:34.503%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.999%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.999%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.999%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.000%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,064</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,792&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+7</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+10</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,704)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,757)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+2</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,359</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+14</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+18</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,064)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,542)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,750</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,195&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+31</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+33</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+25</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+27</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">79</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451684"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g23.jpg" alt="banderaESP.jpg" style="height:35px;margin-bottom:5pt;vertical-align:text-bottom;width:35px" id="i-73"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail Spain</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;2,824</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie0f3b8849bf84976afbb3a7e22b2ff1d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos, decreased 3% year-on-year still impacted by pre-payments despite higher new business volumes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits excluding repos, increased 4% year-on-year, driven by both demand and time deposits. Mutual funds increased 15% year-on-year. As a result, customer funds increased 6% year-on-year.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i465381fdedbb447a865ecf64ddbce42d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax in 2024 reached EUR 2,824 million, more than double that of 2023. By line item:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income increased 15% mainly due to the pick up in net interest income, driven by good margin management.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs declined 14%, reflecting the progress achieved in product simplification and process automation and a strong decrease in the 'other operating costs' line. As a result, the efficiency ratio improved to 37.7%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions decreased 23%, which resulted in an improvement in the cost of risk and NPL ratio to 0.84% and 3.47%, respectively. </span></div><div style="margin-bottom:186pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line recorded losses of EUR 363 million in 2024 and EUR 100 million in 2023.</span></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:47.036%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:15.359%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.359%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.846%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="12" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Spain. Underlying income statement</span></td></tr><tr><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ 2023</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,915</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,012&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+15</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,606)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,048)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,309</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+45</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,121)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,464)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,824</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+102</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451696"></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;padding-right:4.5pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g24.jpg" alt="UK.jpg" style="height:33px;margin-bottom:5pt;vertical-align:text-bottom;width:33px" id="i-74"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail UK</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,633</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib86835f0a69345af990339842fbff836"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, decreased 4% year-on-year (in line with our profitability strategy). However, the trend in mortgages was positive throughout the year, with a progressive recovery in new business volumes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, decreased 5% mainly driven by demand deposits. Mutual funds fell 1% year-on-year in constant euros. As a result, customer funds declined 5% in constant euros. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3305fda1790342b2bb2f669a34bc8e81"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax in 2024 was EUR 1,633 million, down 17% year-on-year. In constant euros, it decreased 19%, by line item:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income fell 10% with net interest income down affected by lower volumes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs increased 1% in a competitive labour market. Net operating income declined 23% and the efficiency ratio stood at 62.2%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions improved 75% driven by positive macro outlook, with a cost of risk of only 3 bps.</span></div><div style="margin-bottom:174pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line recorded losses of EUR 104 million, a 35% greater loss year-on-year.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:35.011%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.493%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail UK. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,766</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,140&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,965)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,858)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+4</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+1</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,801</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,283</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(23)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,633</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,960</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">  Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">80</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451708"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="margin-top:9pt;text-align:center"><img src="san-20251231_g25.jpg" alt="Mexico.jpg" style="height:30px;margin-bottom:5pt;vertical-align:text-bottom;width:30px" id="i-75"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail Mexico</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,524</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0de02ab8750a4927adc9561faa3ef543"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, grew 6% year-on-year, supported by our enhanced commercial offering.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, increased 2% year-on-year, mainly driven by demand deposits. Additionally, mutual funds rose 42% in constant euros. As a result, customer funds grew 11% in constant euros.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i48551fbc17794cc6ab2242bedae81d3e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax reached EUR 1,524 million in 2024 up 6% year-on-year. In constant euros, it increased 9%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income rose 7%, mainly driven by a good net interest income performance, supported by higher activity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs rose 3%. In real terms, expenses declined 2% even after our investments in transformation. As a result, net operating income increased 11% and the efficiency ratio improved by 1.8 pp to 43.5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased 13%, partially driven by loan growth, with a cost of risk of 5.03% and an NPL ratio of 5.25%.</span></div><div style="margin-bottom:167pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">No other gains (losses) and provisions were recorded in 2024 or 2023.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Mexico. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,861</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,670&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+4</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+7</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,114)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,114)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,746</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+7</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+11</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,222)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,117)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+9</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+13</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,524</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+6</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+9</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451720"></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:241.50pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:85.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:118.00pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:0 1pt;vertical-align:top"><div style="margin-top:9pt;text-align:center"><img src="san-20251231_g26.jpg" alt="Brazil.jpg" style="height:30px;margin-bottom:5pt;vertical-align:text-bottom;width:30px" id="i-76"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Retail Brazil</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,975</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifffd5f1937a74271ba5ce2fb9abdbace"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, increased 7%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits increased 10%, excluding repos and in constant euros, driven by time deposits, which rose double digits. Mutual funds increased 2% in constant euros. As a result, customer funds grew 8% in constant euros.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib3a503dfce3d4147b3e9794ae061be24"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax was EUR 1,975 million in 2024, a 73% increase year-on-year. In constant euros, it rose 86%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income grew 14% driven by net interest income and higher net fee income, mainly due to volumes in an environment of higher activity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs increased 5%, affected by the impact of higher labour costs and greater charges in the 'other operating costs' line. As a result, net operating income increased 21% and the efficiency ratio improved by 3.6 pp to 41.6%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased 5%, below volume growth.</span></div><div style="margin-bottom:113pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">No other gains (losses) and provisions were recorded in 2024  and a EUR 62 million loss was recorded in 2023.</span></div><div style="margin-bottom:54pt;text-indent:10.91pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Brazil. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,992</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,454&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+6</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+14</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,159)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,278)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+5</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,833</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+13</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+21</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,857)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,970)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+5</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,975</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+73</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+86</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">  Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">81</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451732"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"/><td style="width:1.697%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.529%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:53.060%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.509%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#803262;border-bottom:0.5pt solid #990000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #990000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #990000;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="background-color:#803262;border-bottom:0.5pt solid #990000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#803262;border-bottom:0.5pt solid #990000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">EUR 1,659 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:6pt"><span id="iba256e4f72194fe09244ebe8e14dad6a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">New lending increased 4% year-on-year, with notable growth in Brazil. Gross loans and advances to customers, excluding reverse repos and in constant euros, also rose 4% year-on-year, mainly driven by auto in Openbank Europe and Brazil.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our EUR 16.9 billion leasing portfolio decreased 5% year-on-year in constant euros, as growth in Europe was more than offset by a decline in the US.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our access to wholesale funding markets remained strong and diversified. Customer deposits accounted for 60% of Openbank's total funding. Excluding repos and in constant euros, deposits were up 10% year-on-year, underpinned by our strategy to lower funding costs and reduce net interest income volatility across the cycle. Mutual funds rose 19% in constant euros, albeit from very low levels. As a result, customer funds increased 11% year-on-year in constant euros.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.048%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.535%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.343%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.541%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. 2024 business performance </span></td></tr><tr><td colspan="33" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and YoY % change in constant euros</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:240.00pt"><tr><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:34.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:3.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:6.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:34.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:53.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:22.00pt"/><td style="width:1.0pt"/></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">215</span></div></td><td colspan="12" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+4%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#deedf2;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt;padding-left:6pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">137</span></div></td><td colspan="6" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">+11%</span></div></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:44.25pt"><tr><td style="width:1.0pt"/><td style="width:39.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank US</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><img src="san-20251231_g53.jpg" alt="1385" style="height:75px;margin-bottom:5pt;vertical-align:text-bottom;width:102px" id="i-77"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:44.25pt"><tr><td style="width:1.0pt"/><td style="width:39.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank US</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><img src="san-20251231_g54.jpg" alt="1387" style="height:75px;margin-bottom:5pt;vertical-align:text-bottom;width:102px" id="i-78"/></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:244.50pt"><tr><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:42.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:21.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:10.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:4.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:40.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:19.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:18.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/></tr><tr style="height:21pt"><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers excl. reverse repos</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="18" style="background-color:#ffffff;border-top:0.25pt solid #3c3c3c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits excl. repos + mutual funds</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.048%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.535%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.343%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.541%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. Leasing portfolio</span></div></td></tr><tr><td colspan="33" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and YoY % change in constant euros</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:244.50pt"><tr><td style="width:1.0pt"/><td style="width:69.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:49.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:49.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:69.25pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Total leasing </span></td><td colspan="3" style="background-color:#deedf2;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:6pt;padding-right:6pt;text-align:right"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">17</span></div></td><td colspan="3" style="background-color:#deedf2;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">-5%</span></div></td><td colspan="3" style="background-color:#deedf2;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><img src="san-20251231_g55.jpg" alt="1395" style="height:117px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-79"/><span id="ifb8764cc57334a0c80bcf0c04b418d8b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, underlying attributable profit stood at EUR 1,659 million, 13% lower year-on-year. In constant euros, profit fell 12%, as follows:</span></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income rose 6%, with net interest income up 6%, mainly driven by volumes growth in Brazil and Argentina and repricing actions and higher volumes in Europe.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net fee income increased strongly (+24%), with double-digit growth across our main units, underpinned by increased insurance penetration in Europe, volumes growth in Brazil and auto servicing fees in the US.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:19pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other income fell, as gains on financial transactions declined, mainly in Europe, and leasing income decreased in the US, primarily due to lower volumes, reduced residual values and the pass-on of fiscal benefits (recorded in the tax line) from electric vehicle (EV) leases to pricing.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.048%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.535%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.969%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.243%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.538%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.851%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.343%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.541%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. 2024 total income</span></td></tr><tr><td colspan="33" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and YoY % change in constant euros</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:77.25pt"><tr><td style="width:1.0pt"/><td style="width:72.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.00pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank US*</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><img src="san-20251231_g56.jpg" alt="2189" style="height:68px;margin-bottom:5pt;vertical-align:text-bottom;width:166px" id="i-80"/><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:36.00pt"><tr><td style="width:1.0pt"/><td style="width:34.00pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Var</span></td><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#494949;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3%</span></td><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#494949;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1%</span></td><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#494949;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+45%</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:15pt;padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#ba4f90;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:110%">* Year-on-year growth in revenue in the US would have been flat if we included the impact from the EV incentives recorded in the tax line.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs performed well, increasing slightly year-on-year and declining 1% in real terms, supported by efficiency and transformation efforts in the US and Europe, which partially offset investments in platforms and business growth, as well as higher other operating costs. Consequently, net operating income grew 9% and the efficiency ratio improved 1.7 pp to 43.3%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions were up 12%, reflecting continued normalization in Europe, higher volumes, increased CHF mortgage portfolio coverage, some regulatory charges and lower portfolio sales than in 2023. Credit quality remained controlled, with the cost of risk at 2.16% and the NPL ratio at 5.07%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions registered a loss of EUR 512 million in 2024 (compared to a EUR 35 million gain in 2023), mainly due to the provision for potential complaints related to motor finance dealer commissions in the UK.</span></div><div style="margin-bottom:66pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result, underlying RoTE (post-AT1) stood at 8.8% in 2024.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.776%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,877</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,274&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+5</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+6</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,576)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,526)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+1</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,302</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+8</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+9</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,562)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,106)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+11</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+12</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,228</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,677&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,659</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12)</span></td></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">   Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">82</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451746"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:128.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:76.75pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="background-color:#9bc3d3;border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">OB</span></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #6d6d6d;border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.25pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;1,131</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia1fb1c207bfc424989d75d926e7aa515"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">New business volumes increased 1% year-on-year in constant euros, mainly underpinned by new auto loans. In turn, gross loans and advances to customers, excluding reverse repos and in constant euros, rose 4% year-on-year, primarily driven by auto balances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, grew strongly year-on-year (+18%), in line with our strategy to increase retail funding. Mutual funds rose 24% year-on-year in constant euros, albeit from very low levels.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i332121783e214ee2abe8b866dca9cb47"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax stood at EUR 1,131 million in 2024, 44% lower than in 2023. In constant euros, it also fell 44%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income grew 3%, mainly supported by higher net interest income (+4%), on the back of repricing actions and volumes growth, and net fee income (+13%), backed by greater insurance penetration, especially in Germany, and higher fees from our agreements.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs rose 3%, broadly in line with inflation, mainly due to our investments in platforms and business growth and higher charges linked to the CHF mortgage portfolio, partially offset by savings resulting from our efficiency and transformation efforts.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions increased 52%, reflecting normalization, volumes growth, higher provisions linked to our CHF mortgage portfolio in Poland, some regulatory impacts and lower portfolio sales compared to the previous year. Cost of risk remained at low levels (0.88%), having normalized in line with expectations.</span></div><div style="margin-bottom:72pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions recorded a EUR 456 million loss in 2024 (compared to a EUR 82 million gain in 2023), mainly due to the provision for potential complaints related to motor finance dealer commissions in the UK.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank Europe. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,644</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,481&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,751)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+4</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+2</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(792)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+53</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+52</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(44)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(44)</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451758"></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:31.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:88.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:117.25pt"/><td style="width:1.0pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #494949;border-top:0.25pt solid #494949;padding:0 1pt;vertical-align:top"><div style="text-align:center"><img src="san-20251231_g31.jpg" alt="US.jpg" style="height:27px;margin-bottom:5pt;vertical-align:text-bottom;width:27px" id="i-81"/></div></td><td colspan="3" rowspan="2" style="border-bottom:0.25pt solid #494949;border-top:0.25pt solid #494949;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:9pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:110%">Openbank US</span></div></td><td colspan="3" style="border-top:0.25pt solid #494949;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:119%">Profit before tax</span></div></td></tr><tr style="height:15pt"><td colspan="2" style="border-bottom:0.25pt solid #6d6d6d;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">EUR&#160;551</span></div></td><td style="border-bottom:0.25pt solid #6d6d6d;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><div style="margin-top:9pt;text-align:right"><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:700;line-height:110%">&#160;mn</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i692069686f294f17ab758a5e52cb8748"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, declined 4% year-on-year, in line with our focus on capital optimization and efficient allocation and value creation. The leasing portfolio fell 15% in constant euros, impacted by the wind down of business through our relationship with Stellantis and reduced EV new business volumes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Customer deposits, excluding repos and in constant euros, rose 2% year-on-year, supported by the launch of our digital bank in Q4 2024. Mutual funds recorded double-digit growth in constant euros, contributing to a 3% increase in customer funds in constant euros.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifeb1b7363cf64d949d393408b6928274"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Profit before tax was 5% higher year-on-year, reaching EUR 551 million. In constant euros, it also grew 5%, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income decreased slightly, as weaker other income, mainly due to lower leasing results (lower volumes, reduced residual values and pass-on of EV fiscal benefits to pricing) was partially offset by solid net interest income and double-digit growth in net fee income (auto servicing fees).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i2caf938e8b814774a078331f0d42261e"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:2.93pt">Total costs improved 3%, even with investments related to the launch of our digital bank, supported by savings from our transformation initiatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions decreased 1%, on the back of lower provisions in our auto portfolio. Cost of risk stood at 4.44%.</span></div><div style="margin-bottom:116pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions line posted a loss of EUR 55 million compared to a EUR 46 million loss in 2023.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank US. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,367&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,225)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,305)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,072</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,466)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,490)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">551</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">525</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+5</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+5</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">83</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451770"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#14868d;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #14868d;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #14868d;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="background-color:#14868d;border-bottom:0.5pt solid #14868d;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#14868d;border-bottom:0.5pt solid #14868d;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">EUR 2,639 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;text-align:justify"><span id="ib920bc56d9f34cffb5ee1b3bfd6b3d06"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:8pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gross loans and advances to customers, excluding reverse repos and in constant euros, remained flat year-on-year, as higher activity in Global Markets was offset by lower volumes in Global Transaction Banking and in Global Banking. Customer deposits, excluding repos and in constant euros, fell 10% year-on-year, in line with our strategy to reduce excess corporate deposits.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">In Global Transaction Banking (GTB)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.017em;line-height:130%">strong activity in Export Finance and Trade &amp; Working Capital Solutions more than compensated weaker activity in Cash Management, impacted by lower interest rates</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.003em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.003em;line-height:130%;padding-left:3.11pt">Export Finance maintained a strong market position driven by our coordinator and underwriter roles in some of the most important transactions. </span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.003em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.003em;line-height:130%;padding-left:3.11pt">Trade &amp; Working Capital Solutions continued to increase collaboration with Financial Sponsors, Leveraged Finance and M&amp;A teams and we outperformed the market backed by our leading innovative solutions.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Global Banking (GB)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> performed well on the back of growth in Corporate Finance and Global Debt Financing (GDF).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In Corporate finance, we gained market share in a complex environment, with leading advisory and capital raising roles across our focused industry sectors and higher activity levels in Europe and the US, as a result of our upgraded capabilities and the expansion of our US franchise.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">GDF had the best-ever year in terms of DCM activity and wallet share growth. Structured Finance increased significantly at the end of the year driven by Energy advisory mandates and Fund Finance. Securitized Products in Europe had the most active year in over a decade, being the leading bookrunner in primary cash issuances and as synthetic securitization arranger with fund investments, with increasing activity in Latin America.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Global Markets (GM) </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">saw good activity levels throughout the year in Europe, Asia and the US, while Latin America recovered in the second half of the year. Our investments led to increased client activity, highlighting institutional flows, while our US BBO initiative continued to gain momentum, with most key products implemented and volumes ramping up. There was strong activity in Rates, Securitized Products and Cash Equities.</span></div><div style="margin-bottom:3pt"><span id="i90fa933246624d88b80374303ff2f0de"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit in 2024 was EUR 2,639 million, up 13% year-on-year. In constant euros, profit grew 17%, as follows:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income rose 14% year-on-year, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">backed by double-digit growth in net interest income and net fee income. Net interest income grew 16%, boosted by GM. Net fee income increased 22%, driven particularly by GB on the back of the US BBO initiative. Gains on financial transactions decreased 7%, worsening in all business lines except in GTB.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By country, there was double-digit revenue growth in Spain, the US, Mexico and Argentina.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By business, total income rose 24% in GM, on the back of strong activity across European and North American units, mainly with institutional clients. In GB it grew 18% (CF in Europe and the US and GDF across markets). In GTB, total income grew 4% supported by good performance in Export Finance and Trade &amp; Working Capital Solutions.</span></div><div style="padding-left:7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CIB. Total income by business</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Both EUR million and % change in constant euros</span></td></tr></table></div><div style="margin-bottom:3pt"><img src="san-20251231_g57.jpg" alt="3928" style="height:90px;margin-bottom:5pt;vertical-align:text-bottom;width:340px" id="i-82"/><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Note: total income includes revenue from other activities which are less material (EUR 174 million in 2023 and EUR 161 million in 2024).</span></div><div><span><br/></span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.008em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.008em;line-height:130%;padding-left:3.11pt">Total costs increased 18% mainly driven by </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">our investments in new products and capabilities to support growth and the increase  in the 'other operating costs' line.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.008em;line-height:130%"> As a result, net operating income increased 11% and the efficiency ratio was 49.7%.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions have a limited impact on results due to the nature of CIB business. They increased year-on-year, though the cost of risk remained low at just 0.08%.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions recorded a EUR 19 million loss compared to a EUR 9 million loss in 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying RoTE (post-AT1) was 16.3%.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:36.167%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.117%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.982%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CIB. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,897</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,100&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+11</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+14</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,922)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,381)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+16</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+18</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,975</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,719</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+7</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+11</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+7</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+10</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,815</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,578&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+7</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+11</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,639</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,328</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+13</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+17</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">84</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451782"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#1e4b42;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="background-color:#1e414c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#1e414c;padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:6pt;text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:130%">EUR 1,584 mn</span></div></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:3pt solid #ffffff;border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="border-bottom:3pt solid #ffffff;border-top:1pt solid #3d3d3d;padding:0 1pt"/><td colspan="3" style="border-bottom:3pt solid #ffffff;border-top:1pt solid #3d3d3d;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i0907aa8805024e098ab8ec6b5dcd28fc"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Total assets under management (AuMs) reached EUR 484 billion, +12% year-on-year in constant euros, driven by excellent commercial activity and positive market performance. By business and in constant euros, volumes performed as follows:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.01em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.01em;line-height:130%;padding-left:3.11pt">In Private Banking (PB), customer assets and liabilities reached EUR 318 billion, growing 11% year-on-year </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">especially funds and investments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.01em;line-height:130%">.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We offer our customers the benefits of our scale and international presence which is reflected in 14% growth year-on-year in total clients to 283 thousand.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%;padding-left:3.11pt">In </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Insurance &amp; Asset Management Solutions: total SAM AuMs </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">increased year-on-year </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">on the back of the record commercial activity across countries. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">Insurance g</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ross written premiums reached EUR 10.8 billion in 2024, -14% year-on-year, impacted particularly by lower activity in savings business.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:48.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:48.900%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Wealth. 2024 business performance</span></td></tr><tr><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and % change in constant euros. December 2024</span></td></tr></table></div><div><img src="san-20251231_g58.jpg" alt="1082" style="height:120px;margin-bottom:5pt;vertical-align:text-bottom;width:243px" id="i-83"/><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:38.25pt"><tr><td style="width:1.0pt"/><td style="width:36.25pt"/><td style="width:1.0pt"/></tr><tr style="height:17pt"><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">/ 2023</span></td></tr><tr style="height:15pt"><td colspan="2" style="border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+12&#160;</span></td><td style="border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+15&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+10&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+4&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">+6&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr style="height:15pt"><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">-14&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="display:none"/></tr></table></div><div><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: total products marketed, advised, under custody and/or managed.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i860d903501ea4d26aa03bbd4bdbf3627"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying attributable profit was EUR 1,584 million, up 17% compared to 2023. In constant euros, it was 18% higher, by line:</span></div><div style="margin-bottom:8pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.011em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.011em;line-height:130%;padding-left:3.11pt">Total income increased 18% year-on-year, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.014em;line-height:130%">supported by solid growth in net fee income and net interest income.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income increased 7% in a favourable macro environment driven by solid margin management and strong commercial activity in Private Banking.</span></div><div style="margin-bottom:8pt;padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:8pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">Net fee income rose 21% year-on-year, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">with </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.005em;line-height:130%">growth across businesses, boosted especially by higher volumes on the back of positive commercial activity and favourable market performance.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other income improved year-on-year, mainly due to higher activity in PB, as well as to our insurance joint ventures and our investment platform units, both of them under the Insurance &amp; Asset Management Solutions business line.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Including the fees ceded to our commercial network, total revenue reached EUR 5,913 million, up 16%, on the back of higher customer activity in PB as well as higher volumes and good performance of our asset management business.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs were 12% higher year-on-year, reflecting our investments made to strengthen PB teams and develop new capabilities to address the increase in commercial activity. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions recorded a EUR 42 million loss compared to net releases of EUR 19 million in 2023. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The other gains (losses) and provisions recorded an EUR 8 million loss compared to a EUR 1 million loss in 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When considering ceded fees along with our PAT, the total contribution to Group profit (PAT+Fees) reached EUR 3,127 million, up 16% year-on-year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Underlying RoTE (post-AT1) in 2024 was 68.2%.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:37.171%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.878%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Wealth. Underlying income statement</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,587</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,082&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+16</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+18</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,403)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+11</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+12</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+20</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+22</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 3.27pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,134</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,834&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+16</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+18</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,584</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+17</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+18</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">85</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451794"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#63ba68;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #63ba68;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #63ba68;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="background-color:#63ba68;border-bottom:0.5pt solid #63ba68;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#63ba68;border-bottom:0.5pt solid #63ba68;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">-EUR 299 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4afe837f44b14bb1b913a504dff6cbad"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Business performance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, activity increased as the total number of transactions in Getnet reached 9.8 billion, 5% higher year-on-year, and total payments volume (TPV) was EUR 222 billion, 13% more than in 2023 in constant euros.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In our A2A payments platform, the number of transactions processed in 2024 increased strongly, reaching 1.2 billion compared to 303 million in 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Payments' loan and deposit portfolios are not material, making up just 0.1% of the Group's total portfolio.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.166%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Getnet. TPV</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion and % change in constant euros</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.08pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:26.986%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.988%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><div style="margin-bottom:9pt;text-align:center"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">+13%</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:31.89pt;padding-right:31.89pt;text-align:center"><img src="san-20251231_g59.jpg" alt="654" style="height:98px;margin-bottom:5pt;vertical-align:text-bottom;width:150px" id="i-84"/></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i09f2f59a6a0641b2bb635b08ce836cfa"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, Payments recorded an underlying attributable loss of EUR 299 million in 2024. If we exclude the charges after discontinuing our merchant platform in Germany and Superdigital in Latin America in Q2 2024, the underlying attributable loss is EUR 56 million, compared to a EUR 77 million loss in 2023. In constant euros:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total income rose 14% year-on-year, driven by the increase in both NII and net fee income.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs grew 11% year-on-year, reflecting continued investment in global payments platforms.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;letter-spacing:-0.003em;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions have a limited impact on results due to the nature of Payments business. They improved 31% year-on-year.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other gains (losses) and provisions recorded a loss of EUR 247 million, impacted by the aforementioned charges related to the discontinuation of our platforms (EUR 243 mn).</span></div><div style="margin-bottom:27pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EBITDA margin was 27.5%, 2.7 pp higher than in 2023.</span></div><div style="margin-bottom:85pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:35.937%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.494%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Payment Solutions. Underlying income statement</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million and % change</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">/ </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revenue</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,240&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,134&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+9</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+14</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,111)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+9</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+11</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+37</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">LLPs</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PBT</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(233)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+514</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying attr. profit</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(299)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(77)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+291</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">+231</span></td></tr></table><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%"> Detailed financial information in </span><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818">4.5.3 'Appendix'</a></span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:130%">.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">86</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451806"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#3a6d80;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #3a6d80;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:1pt solid #3a6d80;padding:2px 1pt 2px 2.42pt;text-align:left;vertical-align:middle"><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:16pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="background-color:#3a6d80;border-bottom:1pt solid #3a6d80;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:6pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Underlying attributable profit</span></div></td><td colspan="3" style="background-color:#3a6d80;border-bottom:1pt solid #3a6d80;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%">-EUR 1,154 mn</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i94316eb03cb64207804549e341914306"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Results</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:3pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The underlying attributable loss in 2024 was EUR </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1,154 million, a 16% greater loss than in 2023 (loss of EUR 998 million), with the f</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ollowing breakdown by line item:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net interest income worsened by EUR 268 million, as increased liquidity buffer remuneration was offset by greater interest expense related to higher volumes of TLAC/MREL.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Losses on financial transactions worsened</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> by EUR 106 </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">million, </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">due to the impact from foreign currency hedges and risk transfer initiatives.</span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:4pt;margin-top:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Total costs increased 18% year-on-year, driven by higher expenses in the 'other operating costs' line, partially offset by savings from ongoing simplification measures.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net loan-loss provisions recorded a EUR 3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> million net release in 2024, after having registered a net release of EUR 2 million in 2023.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The net negative impact of other gains (losses) and provisions, increased from a EUR 62 million loss in 2023 to a EUR 99 million loss in 2024.</span></div><div style="margin-bottom:6pt;text-indent:10.91pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt;text-indent:9pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:52.295%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:1.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Corporate Centre. Underlying income statement</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(308)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">660.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(680)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(442)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(540)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(901)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,317)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,154)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="12" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="12" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="12" style="padding:0 1pt"/></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:52.295%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Corporate Centre. Balance sheet and operating means</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,911&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,531&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,984&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,919&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,922&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,727&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">807&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175,693&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170,193&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305,954</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312,177</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,103&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,332&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,122&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,144&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(85.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,321&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,961&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">213,024</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,271</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">92,930</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">90,906</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,997&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,608&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,507&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating means</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,825&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div></div></div><div style="margin-bottom:26pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:29.147%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">87</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1649267451818"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i70eccc73398f4b01b38a775f2f4c1210"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4.5.3 Appendix</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i91d380b368ea49d49f1232b071c00da0"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Primary segments</span></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">RETAIL &amp; COMMERCIAL BANKING</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,854&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,586&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,022&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,077&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">805&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">837&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,617)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,707)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,064</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,704)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,757)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,359</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,064)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,542)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(545)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,750</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,132)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,076)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(273)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(232)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600,230&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611,882&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">706,505&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688,569&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607,094&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600,871&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99,411&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,698&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">285,525&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">289,187&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.6&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.5&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.21&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.21&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.00&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,901&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,179&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,961&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,465&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,682&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">88</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:68.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.975%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Spain</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,930&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,160&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,199&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,219&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,915</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,012</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,606)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,048)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,309</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,121)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,464)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,824</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156,118&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">161,512&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">266,230&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">251,301&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222,089&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212,952&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,141&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,349&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.975%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail UK</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,760&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,973&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">302&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,766</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,965)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,858)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,801</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,283</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(23.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,633</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,960</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(18.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,033&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">231,856&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">217,765&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">219,820&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211,720&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,965&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,045&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,855&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">89</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Mexico</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,974&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,848&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">910&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">961&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,861</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,670</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,114)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,114)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,746</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,222)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,117)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,524</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,721&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,724&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,220&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,315&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,245&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,761&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,975&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,554&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Retail Brazil</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,811&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,278&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,327&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,338&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,992</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,454</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,159)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,278)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,833</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,857)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,970)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,975</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,406&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,526&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,993&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,119&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,865&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,753&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,128&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,366&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">90</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">OPENBANK</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,777&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,221&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,229&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">709&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,877</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,576)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,526)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,302</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,562)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,106)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(512)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,228</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(294)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(426)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(275)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,659</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,164&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,649&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,122&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,996&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128,933&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,334&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,189&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,662&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151,102&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154,396&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.9)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.07&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.75&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.33&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,903&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,041&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,413&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">91</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,361&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,193&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,751)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(792)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(44.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(44.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,927&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,202&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,876&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,963&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,334&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,500&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,629&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Openbank US</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,651&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,599&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,367</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,225)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,305)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,072</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,466)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,490)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">551</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">525</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7468;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,266&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,013&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,230&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,895&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits &#7470;</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,541&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,862&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,689&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,033&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Excluding reverse repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding repos.</span></div></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">92</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CORPORATE &amp; INVESTMENT BANKING</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,779&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,361&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,415&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,013&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,568&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,897</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,922)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,381)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,975</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,719</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,815</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,578</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,023)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,086)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(153)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(163)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,639</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,840&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,308&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,492&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,721&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133,433&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,156&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,059&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,565&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,010&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,397&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%) and operating means</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.9&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.7&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.86&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.43&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.56)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,652&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">93</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">WEALTH MANAGEMENT &amp; INSURANCE</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,591&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,499&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,587</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,082</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,403)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">548.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">577.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,134</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,834</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(509)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(429)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,584</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,643&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,550&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">161,304&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,292&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,736&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,599&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105,568&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,693&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,709&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,066&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under management</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">483,695&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">448,297&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross written premiums</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,752&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,937&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68.2&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61.8&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.1&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.98&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.39&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,425&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of Private Banking customers (thousands)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">94</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:58.423%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.020%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">PAYMENT SOLUTIONS</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions &#7468;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(97.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(97.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,240</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,111)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(233)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">514.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(57)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">285.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">223.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">285.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">223.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">571.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(299)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(77)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">290.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">231.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Business volumes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers &#7470;</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,194&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,418&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,418&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,898&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,428&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%) and operating means</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EBITDA margin</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.8&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,382&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.  Includes exchange differences.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.  Excluding reverse repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.  Excluding repos.</span></td><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">95</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i18b7fcd608a34acb8837a047972acf23"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Secondary segments</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.499%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">UK</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,256&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,641&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,950&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,152&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,867&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,699&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,100&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,580</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,011</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,509)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,815)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,050)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,928)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,071</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,962</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,259)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,522)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">270.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(104)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,440</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,399</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">60.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,794</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,678)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,029)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(488)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(563)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,762</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,897&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239,214&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,453&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245,743&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,838&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,091&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,787&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,387&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,519&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,072&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,120&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,234&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,132&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,926&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">289&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,341&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,497&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,382&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,363&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">509,726</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">485,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">320,132</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323,016</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,425&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">324,099&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,408&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,453&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,218&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,802&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,665&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,202&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,385&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,486&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,933&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,850&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,976&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,532&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,500&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,434&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,163&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,264&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,733&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,704&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">489,168</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">466,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,239</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">310,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,558</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,893</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,759&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229,803&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236,496&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235,111&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">399,999&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">386,810&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,479&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">231,667&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306,389&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">308,745&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222,835&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224,396&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,609&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,065&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,643&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,272&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.5&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.66&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.04&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.33&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.42&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,827&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,874&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">444&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">444&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,307&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,023&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,541&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,481&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,842&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,367&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,646&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,864&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">96</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:30.882%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.859%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.859%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.412%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.688%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.319%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.603%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% excl. FX</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,548&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,465&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,361&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,193&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">464&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,065</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,944</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(574)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(567)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,751)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,492</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,378</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(85.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(792)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(456)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,481</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,314</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(44.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(44.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(478)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(255)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(493)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(234)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(327)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">896</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">642</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(46.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(46.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,410&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,864&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,038&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,692&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,873&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,084&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(52.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,185&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,636&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,010&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,991&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,310&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,387&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,129&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,078&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,109&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,279&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,115&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,945&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,530</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173,775</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,304&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,366&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,334&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,813&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,237&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,120&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,965&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,973&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,813&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,137&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,605&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">339&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">319&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,918&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,218&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,056&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,725&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,714&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,233&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55,485</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54,460</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,264</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">153,355</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,046</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,512</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,143&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,658&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,927&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,202&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,186&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,618&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,876&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,963&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,304&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,366&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,334&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,882&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,252&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,500&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,629&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.1)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.27&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.41&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.50&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.37&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">374&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">376&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">342&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,989&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,908&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,550&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,193&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,905&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,838&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">97</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.016%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">US</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,693&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,742&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,631&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,408&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,152&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">766&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,385&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,374&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">371&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">294&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">406&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(94)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,580</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,278</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,965)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,707)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,727)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,645)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,615</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,551</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,507)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,593)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,277)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(46)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,053</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">863</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,274</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(598)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(541)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(72.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,671</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,560</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,856&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,843&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,054&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,905&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,200&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,215&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,945&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,088&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,042&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,686&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,092&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,624&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,821&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,075&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,785&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,723&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,058&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,307&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,745&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,156&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">208,978</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191,126</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,621</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,403&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,782&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,836&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,703&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,794&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,411&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,260&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,047&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,783&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,059&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,632&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,074&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,223&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,276&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,640&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,189&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,683&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,119&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,115&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,579&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,886</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,483</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,091</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,480</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,138</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,511&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,671&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,715&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,688&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,246&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,062&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,160&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,775&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,545&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95,697&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,528&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,693&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,702&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,364&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,632&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,082&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.6&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.4&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.68&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.57&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.11&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.71&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.82&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,356&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,369&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,474&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,510&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,289&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,517&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,308&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,223&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,871&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,263&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">98</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.016%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,121&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,116&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,822&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,383&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31.8&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,414&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,462&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">483&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">238&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">320&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,536</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,285</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,219)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,430)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(942)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(953)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,318</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,674</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,650</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,332</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,487)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,701)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(497)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(365)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">169.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,830</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,911</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,111</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,165)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61.6&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(211)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(243)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(215)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(271)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(234)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,422</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">582</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,620&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,399&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,332&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,616&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,745&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,618&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,759&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,373&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,670&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,325&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,993&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,273&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,632&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,161&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,554&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,159&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,844&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,590&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,796&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,746&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,510</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">220,093</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">70,434</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77,167</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,994&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,162&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,181&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,578&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.2&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,878&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,333&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,133&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,808&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,351&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,976&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,403&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,775&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,215&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,625&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,323&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,624&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,582&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,938&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,942&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,733&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,020</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">203,035</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,983</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,490</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,058</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,451</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,785&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,583&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,405&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,823&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,881&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,044&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,383&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,098&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,378&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,297&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,060&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,337&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,503&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,747&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,324&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,761&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.1&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.2&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.6&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.4&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.10&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.25&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.37&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.01&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.36&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,202&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,580&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">248&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,455&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,804&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,311&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,052&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,123&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,460&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,556&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,399&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="border-top:0.5pt solid #f0f0f0;padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/><td colspan="3" style="padding:0 1pt 0 4.97pt;text-indent:-3.97pt"/></tr><tr><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">99</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.640%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.499%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;margin-top:9pt"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7.3pt;font-weight:700;line-height:105%">% excl. FX</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net interest income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,919&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,879&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">832&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">780&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">722&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">615&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,263)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,071)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,487</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,889</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,721</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,337)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(831)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60.9&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,643)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,415)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,150</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(284)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(150)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89.5&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(263)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">938.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">942.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before tax</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">827</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(248)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(161)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(50.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">665</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f4fbfc;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(280)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,684&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,767&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104.0&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,905&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,892&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,901&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,548&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,178&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,911&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,654&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,368&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,677&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,447&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,041&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,116&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">978&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">776&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,930&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,671&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29.2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,240</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,732</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,037</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,293&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,478&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,955&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,207&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.1&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.3&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institutions</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">852&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,271&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,309&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,050&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">898&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">703&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">968&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">638&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,694&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,061&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities accounts</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">476&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">455&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,514&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">960&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,746</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,990</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44,371</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41,981</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total equity</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,494</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,479</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,360</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,056</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(11.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(36.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items:</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,938&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,878&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,285&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,164&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,047&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,288&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,204&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,670&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Customer deposits </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,293&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,478&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,527&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,034&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;Mutual funds</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,754&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,810&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,677&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,636&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratios (%), operating means and customers</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">RoTE (post-AT1)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.5&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54.7&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20.2)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Efficiency ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.06&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.07&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of branches </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">322&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of total customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,117&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,771&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of active customers (thousands)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,674&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,562&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.09pt;text-align:left;text-indent:-7.09pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes exchange differences.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Excluding reverse repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Excluding repos.</span></td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"/></tr><tr><td colspan="3" style="display:none"/></tr><tr><td colspan="33" style="padding:2px 1pt 2px 4.97pt;text-align:left;text-indent:-3.97pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. In Argentina, we have included the CartaSur points of sale and the banking service points in 2024 figures.</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">100</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_667"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i654f6532e22641f590ccacd740f44cca"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4.6 Alternative performance measures (APMs): 2025, 2024 and 2023</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8f05ac5184ac4066925628cc70a5d7a1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Profitability and efficiency ratios</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The purpose of the profitability ratios is to measure the ratio of profit to equity, to tangible equity, to assets and to risk-weighted assets.  The efficiency ratio measures the amount of costs needed to generate revenue.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The results related to activity in Poland affected by the Poland disposal are recorded in the 'non-recurring items' line within the underlying income statement. Profitability ratios are therefore also presented on an underlying basis. Additionally, the definition of efficiency has been adjusted to use the new total costs line.</span></div><div style="margin-bottom:9pt;margin-top:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:20.825%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.429%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.085%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.429%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:40.532%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratio </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Formula </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Relevance of the metric</span></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoE </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This ratio measures the return that shareholders obtain on the funds invested in the bank and as such measures the bank&#8217;s ability to pay shareholders. </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Return on Equity) </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;Average stockholders&#8217; equity </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> (excl. minority interests)</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoE</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This ratio measures the return that shareholders obtain on the funds invested in the bank excluding results from operations outside the ordinary course of business. </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;Average stockholders&#8217; equity </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> (excl. minority interests)</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoTE (post-AT1)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent minus AT1 costs</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This indicator is used to assess the profitability of a company as a percentage of its tangible equity, deducting AT1 issuance costs from the numerator. It is measured as the return that shareholders receive as a percentage of the funds invested in the bank less intangible assets.</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Return on Tangible Equity) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> (excl. minority interests) - intangible assets</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoTE (post-AT1)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying profit attributable to the parent minus AT1 costs </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">As with RoTE (post-AT1), this indicator is used to assess the profitability of the tangible equity of a company of a company, deducting AT1 issuance costs from the numerator, but excluding results from operations outside the ordinary course of business (i.e. arising from underlying activities).</span></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> (excl. minority interests) - intangible assets</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoA </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This metric measures the profitability of a company as a percentage of its total assets. It is an indicator that reflects the efficiency of the bank&#8217;s total assets in generating profit over a given period.</span></td></tr><tr style="height:20pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Return on Assets) </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average total assets</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoA</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying consolidated profit</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This metric measures the profitability of a company as a percentage of its total assets excluding results from operations outside the ordinary course of business. It is an indicator that reflects the efficiency of the bank&#8217;s total assets in generating underlying profit over a given period.</span></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average total assets</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoRWA</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The return adjusted for risk is a derivative of the RoA metric. The difference is that RoRWA measures profit in relation to the bank&#8217;s risk-weighted assets.</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Return on Risk-Weighted Assets)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average risk-weighted assets</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoRWA</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying consolidated profit</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This relates the underlying consolidated profit (excluding results from operations outside the ordinary course of business) to the Group&#8217;s risk-weighted assets.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average risk-weighted assets</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Efficiency</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total costs </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">One of the most commonly used indicators when comparing productivity of different financial entities. It measures the amount of resources used to generate the bank&#8217;s total income.</span></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Cost-to-income)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total income</span></td><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">Stockholders&#8217; equity = Capital and Reserves + Accumulated other comprehensive income + Profit attributable to the parent + Dividends.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.47pt">Excluding the adjustment to the valuation of goodwill, since they are not considered in the denominator, we believe this calculation is more correct.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.64pt">Total costs = Administrative expenses + amortizations + other operating costs.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">101</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:65.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Profitability and efficiency </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoE</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.9</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.0</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.9</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,101</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,574</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity (excluding minority interests)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,497</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,744</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,035</span></td><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoE</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.0</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.2</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.2</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,101</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,574</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Non-recurring items</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">949</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">800</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">674</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,152</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,774</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,402</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity (excluding minority interests)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,497</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,744</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,035</span></td><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoTE post-AT1</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.3</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.5</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.4</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,101</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,574</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) AT1 costs</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">622</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">620</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Goodwill impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent minus AT1 costs (excluding goodwill impairment)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,483</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,958</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,604</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity (excluding minority interests)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,497</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,744</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,035</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Average intangible assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,865</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,428</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,361</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity (excl. minority interests) - intangible assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,631</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,316</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,675</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoTE (post-AT1)</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.2</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.4</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;Profit attributable to the parent</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,101</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,574</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) AT1 costs</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">622</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">620</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Goodwill impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit attributable to the parent minus AT1 costs (excluding goodwill impairment)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,483</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,958</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,604</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Non-recurring items</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">949</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">800</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">674</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying profit attributable to the parent minus AT1 costs (excluding goodwill impairment)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,534</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,158</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,930</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity (excluding minority interests)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,497</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,744</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,035</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Average intangible assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,865</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,428</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,361</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity (excl. minority interests) - intangible assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,631</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,316</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,675</span></td><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoA</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.84</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.76</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.69</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,500</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,744</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,183</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average total assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,843,112</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,803,272</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,773,103</span></td><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoA</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.79</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.72</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.65</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,500</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,744</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,183</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Adjustments to consolidated profit for activity outside the ordinary course of business</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,503</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,220</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">990</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying consolidated profit</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,997</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,524</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,193</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average total assets </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,771,298</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,739,915</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,716,997</span></td><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">RoRWA</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.44</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.18</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.95</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,500</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,744</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,183</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average risk-weighted assets </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634,020</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">630,494</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">624,031</span></td><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying RoRWA</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.31</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.07</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.86</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,500</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,744</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,183</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Adjustments to consolidated profit for activity outside the ordinary course of business</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,503</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,220</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">989</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying consolidated profit</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,997</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,524</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,194</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average risk-weighted assets </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">605,556</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">604,137</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602,132</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Efficiency ratio</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45.3</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47.2</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49.1</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Operating expenses</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,779</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,215</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,684</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments to operating expenses in the underlying income statement</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,631</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,139</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,817</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying total costs</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,410</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,354</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,501</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,311</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,043</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,951</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments to total income in the underlying income statement</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying total income</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,308</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,984</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,940</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:112%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:1.6pt">Averages included in the RoE, RoTE, RoTE (post-AT1), RoA and RoRWA denominators are calculated using the monthly average over the period, which we believe should not differ materially from using daily balances.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.47pt">The risk-weighted assets included in the denominator of the RoRWA metric are calculated in line with the criteria laid out in the CRR (Capital Requirements Regulation).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.64pt">Excludes balances related to the Poland disposal.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">102</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:14.900%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.228%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:35.757%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:41.330%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratio </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Formula </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Relevance of the metric</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Global business and country underlying RoTE (post-AT1) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying profit attributable to the parent minus AT1 costs</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> (excluding goodwill impairment)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This indicator is used to assess the profitability of the tangible equity of a company arising from underlying activities, i.e. excluding results from operations outside the ordinary course of business, deducting AT1 issuance costs from the numerator.</span></div></td></tr><tr style="height:21pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average stockholders' equity</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(excl. minority interests) - intangible assets</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">For both global businesses and countries, AT1 costs are allocated according to RWA consumption.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.47pt">For global businesses, tangible equity is allocated according to RWA consumption.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:11.956%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.402%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">RoTE (post-AT1) </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.1</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,411</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,382</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,855</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.5</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,578</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,090</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,686</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CIB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.8</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,602</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,603</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,519</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,483</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61.5</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,567</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,178</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payments</span></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.4&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,133&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,230&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.3&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,620&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,822&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,261&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,104&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,248&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,200&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,247&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,781&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,874&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">994&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,282&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.0&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">985&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,948&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">884&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,458&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">685&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,212&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,055&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,131&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,721&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,454&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,311&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,024&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,742&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">865&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,355&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.0&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,674&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,616&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,638&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,343&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,533&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,814&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,074&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,545&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,323&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,853&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,839&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,987&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.7&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">703&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,567&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,693&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,925&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.2&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">419&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,072&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.5&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">658&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,909&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54.7&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,201&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,195&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Numerator: underlying profit attributable to the parent excluding goodwill impairment minus AT1 costs (excluding goodwill impairment). </span></div><div><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Denominator: average stockholders' equity (excluding minority interests) - tangible assets.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Payment Solutions' RoTE (post-AT1) is not provided as we do not consider it a relevant metric to measure performance in this type of business.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:11.956%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.402%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Efficiency ratio </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42.9</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,447</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,704</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,757</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43.6</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,680</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CIB</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46.8</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,016</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,922</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35.7</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,444</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,403</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,266</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,082</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payments</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">87.6</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">98.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,111</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.6&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,465&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,887&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.9&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,509&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,580&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.9&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,815&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,837&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58.4&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,937&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,032&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60.9&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,050&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,011&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,928&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,358&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.8&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">544&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,956&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">574&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,065&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.1&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">567&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,944&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,899&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,925&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.5&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,848&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,644&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.2&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,751&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,481&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.1&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,890&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,929&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52.3&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,965&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,580&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,707&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,209&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,730&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,305&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,727&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,278&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.8&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,645&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,899&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.3&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,957&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,602&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.6&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,219&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,536&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,430&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,104&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33.9&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">919&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,714&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.4&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">942&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,592&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41.7&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">953&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,285&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.8&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">978&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,235&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.8&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,337&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,487&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.8&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">831&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,544&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Numerator: underlying total costs.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Denominator: underlying total income.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">103</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ica8786b45684427196ef504229c21035"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Credit risk indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The credit risk indicators measure the quality of the credit portfolio and the percentage of non-performing loans covered by provisions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As explained in </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823626">2. 'Presentation of financial and other information'</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, the credit risk metrics have been enhanced to include corporate exposures originated through private fixed income products. Additionally, these measures exclude Poland from all periods presented.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:15.937%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:40.974%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:38.309%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratio</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Formula</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Relevance of the metric</span></td></tr><tr style="height:39pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio <br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Non-performing loans ratio)</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit impaired customer loans and advances, guarantees and undrawn balances and debt securities issued by non-financial institutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The NPL ratio is an important variable regarding financial institutions' activity since it gives an indication of the level of credit risk the entities are exposed to. It calculates risks that are, in accounting terms, declared to be credit impaired as a percentage of the total outstanding amount of customer credit and contingent liabilities and debt securities issued by non-financial institutions.</span></td></tr><tr style="height:39pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total risk </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:42pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL coverage ratio</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total allowances to cover impairment losses on customer loans and advances, guarantees and undrawn balances and debt securities issued by non-financial institutions</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The NPL coverage ratio is a fundamental metric in the financial sector. It reflects the level of provisions as a percentage of the credit impaired assets. Therefore, it is a good indicator of the entity's solvency against customer defaults both present and future.</span></td></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit impaired customer loans and advances, guarantees and undrawn balances and debt securities issued by non-financial institutions</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost of risk</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;Allowances for loan-loss provisions over the last 12 months</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">This ratio quantifies loan-loss provisions arising from credit risk over a defined period of time for a given loan and debt securities issued by non-financial institutions portfolio. As such, it acts as an indicator of credit quality. </span></td></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average loans and advances to customers and debt securities issued by non-financial institutions over the last 12 months </span></td><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">Total risk = non-impaired and impaired customer loans and advances and guarantees + impaired undrawn customer balances + debt securities issued by non-financial institutions.</span></div><div style="margin-bottom:9pt;margin-top:30pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:65.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Credit risk (I) </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.91</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.03</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.11</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit impaired balances</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,739</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,383</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,671</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers registered under the headings 'financial assets measured at amortized cost' and 'financial assets designated at fair value through other comprehensive income' classified in stage 3, excluding POCI (Purchased or Originated Credit Impaired)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,531</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,144</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,565</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer guarantees and undrawn balances classified in stage 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,306</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,438</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,485</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross debt securities issued by non-financial institutions registered under the headings 'financial assets measured at amortized cost' and 'financial assets designated at fair value through other comprehensive income' classified in stage 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">839</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">POCI exposure (Purchased or Originated Credit Impaired) that is additionally impaired</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Doubtful exposure of portfolios at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159,180</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,134,418</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,115,288</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired and non-impaired gross loans and advances to customers</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,058,447</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038,306</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,025,256</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired and non-impaired customer guarantees and impaired undrawn customer balances</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,056</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,560</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,026</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired and non-impaired gross debt securities issued by non-financial institutions</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,677</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,552</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,006</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">104</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:30pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:65.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Credit risk (II) </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL coverage ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total allowances to cover impairment losses</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,358</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,155</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,734</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total allowances to cover impairment losses on loans and advances to customers measured at amortized cost and designated at fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,158</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,145</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,794</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total allowances to cover impairment losses on customer guarantees and undrawn balances</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">712</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">674</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total allowances to cover impairment losses on debt securities issued by non-financial institutions measured at amortized cost and designated at fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">488</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">322</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">266</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit impaired balances</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,739</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,383</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,671</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers registered under the headings 'financial assets measured at amortized cost' and 'financial assets designated at fair value through other comprehensive income' classified in stage 3, excluding POCI (Purchased or Originated Credit Impaired)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,531</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,144</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,565</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer guarantees and undrawn balances classified in stage 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,306</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,438</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,485</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross debt securities issued by non-financial institutions registered under the headings 'financial assets measured at amortized cost' and 'financial assets designated at fair value through other comprehensive income' classified in stage 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">839</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">POCI exposure (Purchased or Originated Credit Impaired) that is additionally impaired</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Doubtful exposure of portfolios at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9</span></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost of risk</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.14</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Underlying allowances for loan-loss provisions over the last 12 months</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,128</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,822</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,784</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.09pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Allowances for loan-loss provisions over the last 12 months</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,596</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,183</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,260</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments to allowances for loan-loss provisions for activity outside the ordinary course of business</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(468)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(361)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(476)</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Average loans and advances to customers and debt securities issued by non-financial institutions over the last 12 months</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,063,783</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,057,100</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,043,881</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;margin-top:30pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:11.956%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.402%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">NPL ratio </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">654,436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.32</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td 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style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.07</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">216,616</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">207,107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CIB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.72</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">266,108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td 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solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">238,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.43</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">220,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">252</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,692</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">330</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payments</span></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.94&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,915&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,156&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.66&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,677&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288,162&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.04&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,531&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">280,629&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.08&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,645&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,303&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.33&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,299&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">248,061&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.42&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247,360&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">948&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,760&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.27&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,573&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.41&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,024&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,455&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,642&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,039&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.50&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,527&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,312&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,877&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,608&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.82&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,488&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,012&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,907&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.57&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,303&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,894&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.65&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,420&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,476&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.71&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,352&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,927&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.82&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,785&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.76&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,010&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,546&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.10&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,090&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116,247&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.25&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,923&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,722&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.73&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,528&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,146&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.37&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,394&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,590&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.01&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,565&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.68&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,813&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.06&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">173&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,411&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,903&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Numerator: credit impaired customer loans and advances, guarantees and undrawn balances + debt securities issued by non-financial institutions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Denominator: total risk.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Payment Solutions' NPL ratio is not provided as we do not consider it a relevant metric for this type of business.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">105</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:11.956%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.402%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">NPL coverage ratio </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:1pt;text-align:right"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:1pt;text-align:right"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"><div style="margin-bottom:1pt;margin-top:1pt;text-align:right"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,855</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,689</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,744</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71</span><span 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">803</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,058</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">252</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">330</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payments</span></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,254&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,915&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,041&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,677&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,188&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,531&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">860&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,645&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">967&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,299&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,066&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">948&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">792&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">849&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,024&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,181&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,642&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,910&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,527&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,532&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,877&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,934&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,471&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,012&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,265&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,303&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,488&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,420&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,358&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,352&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,478&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,010&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,627&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,090&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,597&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,923&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,211&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,528&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,196&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,394&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,230&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">307&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">173&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Numerator: total allowances to cover impairment losses on customer loans and advances, guarantees and undrawn balances + debt securities issued by non-financial institutions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Denominator: credit impaired customer loans and advances, guarantees and undrawn balances + debt securities issued by non-financial institutions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Payment Solutions' coverage ratio is not provided as we do not consider it a relevant metric for this type of business.</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:11.956%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.402%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Cost of risk </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Numerator</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Denominator</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.15</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">634,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,457</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">212,551</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,562</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">210,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.04</span><span 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">278</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">196,144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.08</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">180,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.08</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170,175</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.08</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,686</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.08)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,442</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payments</span></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.43&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,142&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">263,717&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.50&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,259&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">251,826&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.61&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,522&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">248,723&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.07&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,442&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.03&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">251,348&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.10&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">251,531&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.02)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,578&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.03&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,676&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.19&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,364&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.97&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,363&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,504&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.88&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,165&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.62&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">792&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128,583&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.62&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,244&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138,832&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.82&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,507&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,926&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.92&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,593&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,191&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.69&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,239&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,067&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.64&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,277&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,439&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.43&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,135&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,729&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.17&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,409&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105,666&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.03&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,487&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,362&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.27&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,701&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,102&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.32&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">531&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,181&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.19&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">497&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,582&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.80&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,637&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.34&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">574&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,820&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.59&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,190&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.64&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,262&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Numerator: underlying allowances for loan-loss provisions over the last 12 months.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Denominator: average loans and advances to customers + debt securities issued by non-financial institutions over the last 12 months.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Payment Solutions' cost of risk is not provided as we do not consider it a relevant metric for this type of business.</span></div><div style="margin-top:9pt;padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">106</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4b1945a19ff24b8dbedd4ea17dadd015"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Other indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has a series of additional financial metrics which facilitate analysis of the underlying business trends and performance. </span></div><div style="margin-bottom:3pt;margin-top:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:15.937%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:40.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:38.902%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ratio</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Formula</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Relevance of the metric</span></div></td></tr><tr style="height:32pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:2pt;margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TNAV per share <br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Tangible net asset value per share)</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible book value </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">This is a very commonly used ratio used to measure the company&#8217;s accounting value per share having deducted the intangible assets. It is useful in evaluating the amount each shareholder would receive if the company were to enter into liquidation and had to sell all the company&#8217;s tangible assets.</span></td></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;Number of shares excluding treasury stock</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:26pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Price to tangible book <br/>value per share </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(X)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;Share price</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">This is one of the most commonly used ratios by market participants for the valuation of listed companies both in absolute terms and relative to other entities. This ratio measures the relationship between the price paid for a company and its accounting equity value.</span></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">TNAV per share</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:30pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LTD ratio <br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Loan-to-deposit)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loans and advances to customers</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">This is an indicator of the bank's liquidity. It measures the<br/>total loans and advances to customers net of loan-loss provisions as a percentage of customer deposits.</span></td></tr><tr style="height:30pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances (excl. reverse repos) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers excluding reverse repos</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">In order to aid analysis of the commercial banking activity, reverse repos are excluded as they are highly volatile treasury products.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deposits (excl. repos) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits excluding repos</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">In order to aid analysis of the commercial banking activity, repos are excluded as they are highly volatile treasury products.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PAT + After tax fees (in Wealth Management &amp; Insurance) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit + fees ceded by Santander Insurances and Asset Management Solutions to the branch network, net of taxes, excluding Private Banking customers</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Metric to assess Wealth Management &amp; Insurance&#8217;s total contribution to the Group&#8217;s profit.</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Tangible book value = Stockholders' equity (excl. minority interests) - intangible assets.</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-top:9pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:65.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Others </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(EUR million and %)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TNAV (tangible book value) per share</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.76</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.24</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.76</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible book value</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,527</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,342</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,552</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Number of shares excl. treasury stock (million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,678</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,137</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,886</span></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Price to tangible book value per share (X)</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.75</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.85</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0.79</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share price (euros)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.070</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.465</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.780</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">TNAV (tangible book value) per share</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.76</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.24</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.76</span></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-to-deposit ratio</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loans and advances to customers</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,037,288</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,017,160</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,003,465</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,041,200</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,005,605</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,002,669</span></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-25</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PAT + After tax fees (in Wealth) (Constant EUR million at average 2025 exchange)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,612</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,007</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit after tax</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,032</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,576</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income net of tax</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,580</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,431</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-24</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dec-23</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PAT + After tax fees (in Wealth) (Constant EUR million at average 2024 exchange)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,127</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,703</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit after tax</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,624</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income net of tax</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,503</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,324</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">107</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8142cb9f33534ccaa67f31109d456a86"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Local currency measures</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We make use of certain financial measures in local currency to help in the assessment of our ongoing operating performance. These non-IFRS financial measures include the results of operations of our subsidiary banks located outside the eurozone, excluding the impact of foreign exchange. Because changes in foreign currency exchange rates do not have an operating impact on the results, we believe that evaluating their performance on a local currency basis provides an additional and meaningful assessment of performance to both management and the company&#8217;s investors. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group presents, at both the Group and business unit levels, the real changes in euros in the income statement as well as the changes excluding the exchange rate effect (i.e., 'excluding FX' or 'constant euros'), as it considers the latter facilitates analysis, since it enables business movements to be identified without taking into account the impact of converting each local currency into euros.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Said variations, excluding the impact of exchange rate movements, are calculated by converting income statement lines for the different business units comprising the Group into our presentation currency, the euro, applying the average exchange rate for 2025 to all periods contemplated in sections 4.2 and 4.3 and the average exchange rate for 2024 to all periods contemplated in sections 4.4 and 4.5. We use this method for all countries with the exception of Argentina, where we use the exchange rate on the last working day of each period presented, given it is a hyperinflationary economy, to mitigate the distortions caused by the hyperinflation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group presents, at both the Group level as well as the business unit level, the changes in euros as well as the changes excluding the exchange rate effect ('excluding FX' or 'constant euros') for loans and advances to customers excluding reverse repurchase agreements (repos) and customer funds (which comprise deposits and mutual funds) excluding repos. Additionally, we present changes in the main balance sheet lines of the Group's countries both in euros as well as the changes excluding the exchange rate effect. As with the income statement, the reason is to facilitate analysis by isolating the changes in the balance sheet that are not caused by converting each local currency into euros. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These changes excluding the impact of exchange rate movements are calculated by converting the balances, into our presentation currency, the euro, applying the closing exchange rate on the last working day of December 2025 to all periods contemplated in sections 4.2 and 4.3 and the closing exchange rate on the last working day of December 2024 to all periods contemplated in sections 4.4 and 4.5. We use this method to calculate the variations for all countries with the exception of Argentina, where we use the exchange rate on the last working day of each period presented, given it is a hyperinflationary economy, to mitigate the distortions caused by the hyperinflation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2023, we applied the official exchange rate for the Argentine peso. However, during 2024, due to the significant divergence between the official Argentine peso exchange rate and other macroeconomic magnitudes, mainly inflation, we applied an alternative exchange rate to 2024 results which reflected the exchange rate observed in transactions ordered between market participants under the prevailing economic conditions, such as the repatriation of dividends from businesses in Argentina. This alternative exchange rate took the dollar </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">contado con liquidaci&#243;n</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> rate (CCL) as a reference, which is the exchange rate resulting from the sale of local bonds denominated in Argentine pesos in US dollars (dual denomination peso/dollar bonds). At the end of 2024, the value of this exchange rate did not significantly differ from other market rates or the official exchange rate. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, we once again began to apply the official exchange rate given that the value of the dollar CCL exchange rate did not significantly differ from other market rates or the official exchange rate following the lifting of currency controls and the removal of restrictions on the purchase of foreign currency for individuals in Argentina. </span></div><div style="margin-bottom:21pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The average and period-end exchange rates for the main currencies in which the Group operates are set out in the table below.</span></div></div></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:17.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.421%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exchange rates: 1 euro/currency parity</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average (income statement)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Period-end (balance sheet)</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.129&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.082&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.081&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.176&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.039&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.105&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.857&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.846&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.870&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.873&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.829&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.868&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.304&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.809&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.397&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.458&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.427&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.365&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.662&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.723&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.158&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.122&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.554&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.691&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,073.108&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,020.473&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">906.417&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,059.750&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,032.560&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">965.192&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#cecece;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#cecece;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#cecece;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,706.383&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,232.389&#160;</span></td><td style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">893.635&#160;</span></td><td style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Average exchange rates for the Argentine peso are not included since we use the exchange rate on the last working day of each period presented given it is a hyperinflationary economy. For 2024 data, we applied an alternative exchange rate for the Argentine peso that better reflects the evolution of inflation. We apply the official ARS exchange rate to all other periods.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:3.97pt;text-indent:-3.97pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">108</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i06f534be0dcf4e60b2b9e9374adf36b7"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Impact of inflation on total costs</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander presents, for both the Group and the business units included in the primary and secondary segments: i) the changes in total costs in euros; ii) the changes excluding the exchange rate effect with the exception of Argentina which is calculated as described above; and iii) the changes excluding the exchange rate effect minus the effect of average inflation (i.e. 'in real terms') over the year except for Argentina as Argentina's cost growth in euros should already largely reflect the effect of hyperinflation on exchange rates. The reason is that the two latter facilitate analysis for management purposes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation is calculated as the arithmetic average of the last 12 months for each country and, for the global businesses, as the weighted average of the inflation rate of each country comprising the global business, weighted by each country's total costs in the global business. For the Group and the global businesses, we exclude the impact of inflation in Argentina from the calculation as Argentina's cost growth in euros should already largely reflect the effect of hyperinflation on exchange rates.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The table below shows the average inflation rates calculated as indicated.</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:54.455%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:21.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.123%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">12 month average inflation </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(%)</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.5</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.6</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CIB </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.9</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.2</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.9</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.1</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payments </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.0</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.0</span></td><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.2</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.3</span></td><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.6pt">Excluding the impact of inflation in Argentina.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">109</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_10446"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:21pt"><span id="i7d46a2a8c8a241b6ae429c2754fb330b"></span><span style="color:#6f7779;font-family:'Santander Headline',sans-serif;font-size:26pt;font-weight:400;line-height:105%">5. Risk management information</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_709"></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:15pt"><span id="id21a42b58fdc4ab48e27b50299c86c22"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">5.1 Key credit risk metrics</span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.45pt;font-weight:400;line-height:110%;position:relative;top:-4.54pt;vertical-align:baseline">1</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, developments in the credit market were shaped by successive interest rate cuts in mature markets and some emerging economies and the start of a new cycle of credit growth. Against this backdrop, demand gradually recovered, with positive growth in the main geographies where we operate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In retail banking, mortgage lending balances began to recover, supported by more favourable financial conditions and lower early repayments. Consumer lending maintained a positive performance during the year, as it is less sensitive to interest rate trends and benefitted from a resilient labour market. In the eurozone, the ECB&#8217;s neutral-to-expansionary monetary policy stance has already fed through to mortgage and consumer portfolios. In the United Kingdom, rate cuts, stable house prices and support measures from the Bank of England drove greater credit activity.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In corporate lending, credit volumes grew in the first part of the year, in line with the expansion phase of the investment cycle. However, developments in US trade policy and geopolitical tensions, together with some weaker activity and external demand indicators, led to some slowdown in the second half of the year, especially in Latin America, where, after a strong first half, signs of moderation started to appear. In the United States, weaker labour market data and greater caution on the economic outlook prompted the Federal Reserve to cut interest rates. This helped sustain credit activity, although in a more prudent lending environment focused on lower-risk segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our credit risk remained well diversified, with an appropriate balance between mature and emerging markets: Spain (26%), the United Kingdom (21%), the United States (13%) and Brazil (10%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution of credit risk by global businesses (including gross customer loans, guarantees and documentary credits) is shown below:</span></div></div></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:23.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.758%"/><td style="width:0.1%"/></tr><tr><td colspan="36" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Main credit risk performance metrics from our activity with customers</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk with customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><br/>(EUR million)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impaired loans</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(EUR million)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;(%)</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641,820&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">643,578&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">654,436&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,855&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,689&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,025&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.09</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.21</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.21</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,525&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216,616&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207,107&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,351&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,993&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,831&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.32</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.07</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.75</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">266,108&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">238,187&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,656&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,928&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,058&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,145&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.72</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.86</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.43</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,384&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,692&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,688&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">330&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.86</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.98</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.39</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,159,180</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,134,418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,115,288</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,739</span><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,383</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,671</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.91</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.03</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.11</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:23.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.758%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL Coverage Ratio<br/>(%)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><br/>(EUR million)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost of risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(%)</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,064&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,542&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.15</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.11</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.17</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,457&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,562&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,106&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.10</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.16</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.04</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.14</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.08</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.08</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.08</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.18</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.08)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td colspan="3" style="border-bottom:0.5pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,128</span><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,822</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,784</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ffffff;border-top:1pt solid #ea6f5d;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.14</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.12</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.13</span></td></tr></table></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Data for 2025, 2024 and 2023 reflects the new reporting structure. Total Group includes the Corporate Centre.</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Due to the Cards portfolio integration in the Retail &amp; Commercial business, Payments Solutions represents less than 1% of the total credit risk with customers. In view of the immateriality of the portfolio no further disclosures are considered necessary.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Includes credit impaired customer loans and advances, guarantees, impaired undrawn balances and debt securities issued by non-financial institutions</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Loan-loss provisions net of post write-off recoveri</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">es (EUR 1,791 million in 2025).</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.89pt">Cost of risk calculated as allowances for loan-loss provisions over the past 12 months / average loans and advances to customers and debt securities issued by non-financial institutions over the last 12 months.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:223.00pt"/><td style="width:1.0pt"/></tr><tr style="height:30pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div><img src="san-20251231_g60.jpg" alt="MoreInfo2023.jpg" style="height:27px;margin-bottom:5pt;vertical-align:text-bottom;width:13px" id="i-85"/></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">For more details on secondary segments, see </span><span style="color:#767676;font-family:'Santander Text SemiBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline"><a style="color:#767676;font-family:'Santander Text SemiBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline" href="#i284cd3ed0ae54e2589274ec993d73c15_15110">2. 'Main aggregates and variations</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline"><a style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline" href="#i284cd3ed0ae54e2589274ec993d73c15_15110">'</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> in Note 54 to the consolidated financial statements.</span></div></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="border-bottom:0.5pt solid #000000;margin-bottom:5pt;margin-top:10pt;opacity:1;width:198.43pt"></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Certain figures contained in this section have been subject to rounding to enhance their presentation. Accordingly, in certain instances, the sum of the numbers in a column or a row in tables contained in this report may not conform exactly to the total given for that column or row.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">110</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">Credit quality during 20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">25 </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">was as follows:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">NPL ratio </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">stood at 2.91% (-12 bps vs. year-end 2024), mainly due to the Group's efforts to reduce its non-performing portfolio, which fell 2% to EUR 33,739 million. Declines in Europe led the improvement, supported by the strong performance of the portfolios and the execution of the NPL reduction plan. Gross customer exposure (total risk) grew 2.2% in the year to EUR 1,159 billion, driven mainly by the positive performance of the CIB business.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under IFRS 9 requirements, Group </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">net loan-loss provisions </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">(LLPs) in December 2025 totalled EUR 12,128 million, increasing 3% compared to the previous year. The higher LLPs in Corporate &amp; Investment Banking (CIB), Retail &amp; Commercial Banking (mainly driven by normalization in Argentina and the UK) and the Corporate Centre (provisions related to our plan to accelerate NPL ratio reductions) were partially offset by Openbank, where, despite a less favourable performance in Germany, the US and Brazil performed better during the year.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">cost of risk</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> stood at 1.14%, 2 bps above 2024, mainly driven by the aforementioned LLP increase. Nevertheless, it remained in line with our target for the year.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">total NPL coverage ratio</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> increased to 66%, with impairment allowances of EUR 22,358 million. Coverage remained at comfortable levels, considering that more than 65% of the Group&#8217;s portfolio is secured by collateral.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our credit risk management performance within the global businesses at December 2025 was as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:223.00pt"/><td style="width:1.0pt"/></tr><tr style="height:30pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div><img src="san-20251231_g60.jpg" alt="MoreInfo2023.jpg" style="height:27px;margin-bottom:5pt;vertical-align:text-bottom;width:13px" id="i-86"/></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">For more details on segments, see </span><span style="color:#767676;font-family:'Santander Text SemiBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline"><a style="color:#767676;font-family:'Santander Text SemiBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_562">4.3.1 Description of segments</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">.</span></div></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;padding-right:263.62pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:6.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:91.493%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">&#160;Retail &amp; Commercial Banking</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The retail portfolio mainly comprises high credit quality mortgage loans, around 90% of which have a loan-to-value (relationship between the loan amount and the appraised value of the collateral) below 80%, and a corporate portfolio where roughly 50% has real estate or other tangible collateral.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:241.00pt"/><td style="width:1.0pt"/></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Portfolio distribution by geography and by performing loans and credit impaired</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">31 December 2025 data</span></td></tr></table></div><div><img src="san-20251231_g61.jpg" alt="4943" style="height:170px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-87"/></div><div style="margin-bottom:3pt"><img src="san-20251231_g62.jpg" alt="4945" style="height:136px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-88"/></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At December 2025, gross customer credit exposure in Retail was distributed among mortgages (52%), corporates and institutions (25%), SMEs (12%) and other individuals (11%). </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">NPL ratio</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> fell by 12 bps during the year to 3.09%, supported by the reduction in impaired loans, driven by declines in Europe. Gross customer credit exposure (total risk) remained practically stable during the year.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">cost of risk</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> increased 4 bps year-on-year to 1.15%, with LLPs slightly up, mainly driven by normalization in Argentina and the UK, partially offset by declines in Spain (good mortgage portfolio performance, supported by lower interest rates and a resilient labour market), Mexico and Brazil (both reflecting currency depreciation).</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> total NPL coverage ratio </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">rose to 66%. Given that Retail includes the mortgage portfolios in Spain and the United Kingdom, which are backed by high-quality collateral, we consider coverage levels appropriate for the portfolio&#8217;s risk profile.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">111</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:6.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:91.493%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#990000;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#9e3667;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">&#160;Openbank</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This business comprises all business originated by consumer finance companies, plus our digital bank (formerly Openbank), Open Digital Services (ODS) and SBNA Consumer. The portfolio mainly consists of vehicle finance loans, which account for close to 80% of the portfolio and are originated through strategic partnerships with car manufacturers, as well as leasing and personal loans.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:241.00pt"/><td style="width:1.0pt"/></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Portfolio distribution by geography and by performing loans and credit impaired</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">31 December 2025 data</span></div></td></tr></table><img src="san-20251231_g63.jpg" alt="6578" style="height:151px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-89"/><img src="san-20251231_g64.jpg" alt="6579" style="height:136px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-90"/></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">NPL ratio</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> at year-end 2025 stood at 5.32%, 24 bps higher than in the same period in 2024, due to: (i) higher impaired loans, mainly in Germany (due to the macroeconomic environment and the credit quality deterioration of the corporates portfolio), Brazil and Argentina; (ii) decrease in gross customer exposure (total risk), linked to lower auto lending and t</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">o asset rotation initiatives</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> in the US.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Net loan-loss provisions</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> declined 2.3% year-on-year, mainly driven by better performance in the US and Brazil, with both benefiting from FX movements.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">cost of risk</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> fell by 7 bps versus December 2024, to 2.10%, mainly due to a decline in provisions in the US (-13%), driven</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> by resilient consumer behaviour, used car prices stable at high levels, capital relief measures.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">total</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">NPL coverage ratio </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">at year-end 2025 stood at 71%, which we consider comfortable, given the positive impact of vehicle price trends and the higher share of secured loans in the portfolio, mainly in the US.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;padding-right:263.62pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:6.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:91.493%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#14868d;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#14868d;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">&#160;Corporate &amp; Investment Banking</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Corporate &amp; Investment Banking is a wholesale business in which over 83% of our customers have a credit rating higher than 'investment grade'. It&#8217;s a business with a strong component of advisory services and high value added solutions.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:241.00pt"/><td style="width:1.0pt"/></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Portfolio distribution by geography and by performing loans and credit impaired</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">31 December 2025 data</span></div></td></tr></table></div><div><img src="san-20251231_g65.jpg" alt="7813" style="height:151px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-91"/></div><div style="margin-bottom:15pt"><img src="san-20251231_g66.jpg" alt="7815" style="height:136px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-92"/></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During the year, CIB showed a strong ability to deliver profitable growth and maintain solid credit quality in a complex environment, while keeping its strategic focus on geographic and client diversification and on offering higher value-added products. By business line, growth was recorded across all lines (Global Markets, Global Banking and Global Transaction Banking).</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">NPL ratio</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> improved by 14 bps in the year, to 0.72%, backed by a reduction in impaired loans of c. -EUR 130 million year-on-year across a range of clients and geographies, mainly in Europe and South America. In addition, gross customer credit exposure (total risk) increased by 12% year-on-year, mainly in the US and Spain, and to a lesser extent Mexico.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Net loan-loss provisions</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> rose to EUR 278 million, reflecting the performance of the business in Brazil in a more challenging macroeconomic environment, higher coverage for already impaired customers and portfolio growth in the US.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">cost of risk</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> increased by 6 bps versus December 2024 to 0.14% as portfolio growth did not offset the increase in provisions.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">total NPL coverage ratio</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> reached 47%, up 8 pp versus December 2024 with higher provisions in a more challenging economic and geopolitical environment.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">112</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, CIB continued to strengthen the control environment amid portfolio growth and heightened regulatory and supervisory scrutiny, leveraging new technologies. Key initiatives included reinforcing the risk infrastructure &#8212;including organisation and governance, with a particular focus on the United States&#8212;upgrading credit risk systems and models, defining more robust frameworks in specific areas, and strengthening preventive risk management capabilities.</span></div><div style="margin-bottom:6pt;margin-top:15pt;padding-left:7.09pt;padding-right:263.62pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:6.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:91.493%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#1e414c;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#1e414c;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">&#160;Wealth Management &amp; Insurance</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Wealth comprises two business lines: i) Private Banking, which includes the corporate private banking unit and International Private Banking in the US, Switzerland and the UAE; and ii) Insurance &amp; Asset Management Solutions, which brings together the insurance business and liquid and illiquid asset management activities and also includes the investment platforms and holdings that complement the traditional Wealth business.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:241.00pt"/><td style="width:1.0pt"/></tr><tr style="height:23pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Portfolio distribution by geography and by performing loans and credit impaired</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">31 December 2025 data</span></div></td></tr></table></div><div><img src="san-20251231_g67.jpg" alt="9964" style="height:151px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-93"/></div><div style="margin-bottom:9pt"><img src="san-20251231_g68.jpg" alt="9966" style="height:136px;margin-bottom:5pt;vertical-align:text-bottom;width:321px" id="i-94"/></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">NPL ratio</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> closed at 0.86%, down 12 bps in the year, supported by an increase in gross customer exposure during the period (+7%), with a particular focus on the Middle East portfolio and the roll-out of secured lending in all core geographies, while impaired loans fell 7% year-on-year.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Net loan-loss provisions</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> in 2025 totalled EUR 20 million, compared with EUR 42 million at year-end 2024.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">cost of risk</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> decreased by 10 bps in the year to 0.08%, driven by lower provisions and by portfolio growth, with a focus on collateral-backed loans.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">total NPL coverage ratio</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> rose to 71%, remaining at a comfortable level given the high share of the collateral-backed loan portfolio.</span></div><div style="margin-bottom:8pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;padding-right:263.62pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">113</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt;text-align:justify"><span id="i8fec3001c8cc442fb8441e9ea501223a"></span><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Reconciliation of key figures</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander&#8217;s 2025 consolidated financial statements disclose loans and advances to customers before and after loan-loss reserves. Credit risk with customers also includes off-balance sheet risk or contingent liabilities. This table shows the relationship between those concepts:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><span><br/></span></div><div style="margin-bottom:3pt;padding-left:14.17pt;text-indent:-14.18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:504.00pt"><tr><td style="width:1.0pt"/><td style="width:82.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:73.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:73.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:72.25pt"/><td style="width:1.0pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0pt"/><td style="width:13.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:58.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:58.00pt"/><td style="width:1.0pt"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="background-color:#0095a8;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Gross credit risk with customers</span><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#0095a8;padding:0 1pt"/><td colspan="3" style="background-color:#0095a8;padding:0 1pt"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1,159,180</span></td><td colspan="3" style="background-color:#0095a8;padding:0 1pt"/><td colspan="3" style="background-color:#0095a8;padding:0 1pt"/></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:24pt"><td colspan="3" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Gross credit risk with customers</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">=</span></td><td colspan="15" style="background-color:#0095a8;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Gross loans and advances to customers &amp; others</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">+</span></td><td colspan="3" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Contingent liabilities</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">+</span></td><td colspan="3" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Debt securities</span></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1,159,180</span></td><td colspan="15" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1,058,447</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">80,056</span></td><td colspan="3" style="background-color:#0095a8;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">20,677</span></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:41pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:121%">Loans and advances to customers (Gross)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">=</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Financial assets measured at&#160;amortized cost (Gross)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:121%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">+</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Financial assets held for trading</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:121%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">+</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Financial assets at fair value (Gross)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:121%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1,058,447</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1,006,253</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">32,766</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">19,428</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:26pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:121%">Loan-loss reserves</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">=</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Loan-loss</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">reserves</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">+</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Loan-loss</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">reserves</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(21,158)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(21,077)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(81)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:32pt"><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:121%">Net loans and advances to customers</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">=</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Net financial assets</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">measured at amortized cost</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">+</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Financial assets</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">held for trading</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:121%">+</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:121%">Net financial assets at fair value</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1,037,288</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">985,176</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">32,766</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">19,346</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:121%">Net loans and advances to customers</span></div></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="background-color:#ebebeb;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1,037,288</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:3pt;padding-left:14.17pt;text-indent:-14.18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:8.25pt"><tr><td style="width:1.0pt"/><td style="width:6.25pt"/><td style="width:1.0pt"/></tr><tr style="height:8pt"><td colspan="3" style="background-color:#0095a8;padding:0 1pt"/></tr></table><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%"> 5.1. Credit risk   </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:8.25pt"><tr><td style="width:1.0pt"/><td style="width:6.25pt"/><td style="width:1.0pt"/></tr><tr style="height:8pt"><td colspan="3" style="background-color:#cecece;padding:0 1pt"/></tr></table><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%"> Balance sheet item from consolidated financial statement</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes gross loans and advances to customers, guarantees, impaired undrawn customer balances and dept securities</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> i</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ssued by non-financial institutions.</span></div><div style="margin-bottom:21pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Before loan-loss allowances.</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span id="i8538caa4ebf24cc8bb2fa49151e3245c"></span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:112%">Financial asset impairment</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 9 introduced a substantial change in the approach to calculating impairment provisions for credit risk exposures, moving from an incurred loss model to an expected loss model. Under this new approach, provisions are recognised from the moment a transaction is originated, since credit risk exists from that moment and not only when defaults occur.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This change required a review of the models and methodologies used to estimate expected loss for customers and portfolios, incorporating the expected evolution of the economy and the residual life of different transactions.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The methodology to quantify expected credit losses &#8211; and therefore impairment provisions &#8211; is based on an unbiased, probability-weighted estimate of up to five future macroeconomic scenarios that could affect the ability to collect contractual cash flows. These scenarios take into account the time value of money, relevant information about past events, current conditions and projections of significant macroeconomic factors, such as GDP, house prices, unemployment rate and interest rates, among others.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The parameters used by the Group to calculate impairment provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (mainly EAD</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, PD</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, LGD</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and discount rate) </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">build on our internal model infrastructure and the experience gained in regulatory and management environments. However, rather than simply adapting existing models, these parameters are specifically designed, updated and validated to comply with IFRS 9 requirements.</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:223.00pt"/><td style="width:1.0pt"/></tr><tr style="height:36pt"><td colspan="3" style="padding:0 1pt;vertical-align:top"><div><img src="san-20251231_g60.jpg" alt="MoreInfo2023.jpg" style="height:27px;margin-bottom:5pt;vertical-align:text-bottom;width:13px" id="i-95"/></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">For more details on financial asset impairment and the calculation of provisions under IFRS 9, see </span><span style="color:#767676;font-family:'Santander Text SemiBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline"><a style="color:#767676;font-family:'Santander Text SemiBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1159">'2.&#160;Main aggregates and variations</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline"><a style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1159">'</a></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> in Note 54 to the consolidated financial statements.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 9 classifies transactions based on how credit risk has evolved since origination to the analysis date, so we can determine both their accounting treatment and pricing. Transactions with different probabilities of default must carry different interest rates or margins that cover their expected loss.</span></div></div></div><div style="border-bottom:0.5pt solid #000000;margin-bottom:5pt;margin-top:10pt;opacity:1;width:198.43pt"></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">2</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Exposure at Default.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">3</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Probability of Default.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">4</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Loss Given Default.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">114</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If a transaction has undergone a significant increase in credit risk since origination, the interest rate initially applied no longer covers its potential risk, so it requires a higher level of provisions. Under the standard, transactions fall into three groups or stages</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Stage 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> includes assets whose current credit risk has not increased relative to origination or initial recognition. Provisions are calculated to cover expected credit losses from possible defaults over the next 12 months.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Stage 2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> includes assets that have not yet incurred credit losses but have shown a significant increase in credit risk since origination or initial recognition. Impairment provisions must cover potential loss over the lifetime of the exposure, during which losses may materialise.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Stage 3 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">includes assets where there is evidence of credit deterioration that will eventually materialise as credit losses. Provisions must cover potential loss over the lifetime of the exposure.</span></div></div></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ib152e19aac3d4bd9a3b45f851debfe32"></span><span style="color:#cc0000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:110%">IFRS 9: Classification of exposures by credit quality and expected credit loss horizons</span></div><div style="margin-bottom:21pt;padding-right:263.62pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:498.75pt"><tr><td style="width:1.0pt"/><td style="width:43.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:6.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:109.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:7.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:109.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:7.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:109.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:6.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:43.75pt"/><td style="width:1.0pt"/></tr><tr style="height:9pt"><td colspan="3" rowspan="5" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:400;line-height:80%">.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:28pt;font-weight:400;line-height:80%">+</span><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:400;line-height:80%">.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:121%">Credit quality</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="5" style="background-color:#0095a8;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">Stage 1</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="5" style="background-color:#89d8dc;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">Stage 2</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="5" style="background-color:#cdecee;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:700;line-height:121%">Stage 3</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="5" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:400;line-height:80%">.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:28pt;font-weight:400;line-height:80%">-</span><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:11pt;font-weight:400;line-height:80%">.</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:121%">Credit quality</span></div></td></tr><tr style="height:6pt"><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#dfdfdf;font-family:'Wingdings 3',sans-serif;font-size:24pt;font-weight:400;line-height:121%">|</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#dfdfdf;font-family:'Wingdings 3',sans-serif;font-size:24pt;font-weight:400;line-height:121%">}</span></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:50pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Performing credit assets with no significant credit risk increase since initial recognition</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Credit assets that have experienced a significant credit risk increase since initial recognition</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Impaired credit assets </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#0095a8;font-family:'Wingdings 3',sans-serif;font-size:24pt;font-weight:400;line-height:121%">&#196;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#89d8dc;font-family:'Wingdings 3',sans-serif;font-size:24pt;font-weight:400;line-height:121%">&#196;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#cdecee;font-family:'Wingdings 3',sans-serif;font-size:24pt;font-weight:400;line-height:121%">&#196;</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:29pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Expected losses 12 months</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Expected losses over residual life (Lifetime)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, impairment provisions include expected credit losses over the expected remaining lifetime of those financial instruments originated or purchased credit-impaired (POCI).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows credit risk exposure by stage and geography:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:28.220%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.109%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.655%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure by stage and geography</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A, B</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. 31 December 2025 data</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage&#160;1</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage&#160;2</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage&#160;3</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283,825</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,416</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,915</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,156</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221,869</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,789</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,645</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,303</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,931</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,881</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">948</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,760</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131,724</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,673</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,642</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,039</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127,680</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,658</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,488</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,936</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,420</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,476</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95,882</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,654</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,010</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,546</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,560</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,058</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,528</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,146</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,711</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,425</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,813</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,038,698</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86,743</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,739</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,159,180</span></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Data for 2025 reflects the new reporting structure.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. </span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Includes credit impaired customer loans and advances, guarantees, impaired undrawn balances and debt securities issued by non-financial institutions</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">, temporary purchases of stage 1 assets and risk not subject to impairment.</span></div><div style="margin-bottom:12pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Total Group includes the Corporate Centre.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">Stage 3 financial assets (showing impairment) performed as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:47.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.186%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">2023 - 2025 Impaired credit assets</span></div></td></tr><tr><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Start of period</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,383</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,671</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,788</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net entries</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,697</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,918</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,442</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perimeter</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and others</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,075)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,073)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-off</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,150)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,626)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">End of period</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,739</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,383</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,671</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Data for 2025, 2024 and 2023 reflects the new reporting structure.</span></div><div style="margin-bottom:3pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The following table shows the calculation of IFRS 9 loan loss reserves for assets subject to credit risk:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:50.134%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.950%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">2023 - 2025 loan-loss reserves</span></div></td></tr><tr><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Start of period</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,155</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,734</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,692</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Stage 1 and 2</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,536</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,754</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,055</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Stage 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,619</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,980</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,637</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross provision for impaired assets and write-downs</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,919</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,341</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,316</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for other assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(852)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-off</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,150)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,626)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">End of period</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,358</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,155</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,734</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Stage 1 and 2</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,271</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,536</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,754</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Stage 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,087</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,619</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,980</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Data for 2025, 2024 and 2023 reflects the new reporting structure.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Includes off-balance.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">115</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.676%"><tr><td style="width:1.0%"/><td style="width:2.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.436%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.589%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.696%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.210%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.781%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.391%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.418%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> </a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">1. Certain</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> recast</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915"> financial information</a></span></div><div><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%">l</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Con</a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">solidated </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">recast </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">financial </a><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="idac13ee5d07644ab979f0364f5e68142"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Forbearance</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our forbearance policy incorporates the regulatory requirements set out in the EBA Guidelines on the management of non-performing exposures and forbearance. The policy serves as a reference for implementation in our subsidiaries and reflects applicable supervisory expectations.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">It sets the criteria to identify, classify and monitor these transactions, with the aim of applying maximum diligence in their granting and control. Forbearance solutions must aim to recover the amounts due, aligning payment obligations with the customer&#8217;s current situation.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Forborne transactions must remain in the appropriate classification for a suitable period in order to capture the associated risk and confirm a reasonable recovery of repayment capacity. Under no circumstances should forbearance be used to delay the immediate recognition of losses or to mask non-payment risk.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The stock of forborne exposures continued to decline from EUR 26,223 million to EUR 25,235 million as of 31 December 2025, supported by good repayment performance in our main geographies, which offset higher activity in other regions. In credit quality terms, 53% of the portfolio is classified as non-performing, with a coverage ratio of 41%.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:43.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.420%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Key forbearance figures</span></td></tr><tr><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Performing</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,901</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,955</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,455</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit impaired</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,334</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,268</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,695</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total forborne</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,235</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,223</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,150</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% Total coverage</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="background-color:#f6f6f6;color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Data for 2025, 2024 and 2023 reflects the new reporting structure.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Total forbearance portfolio loan-loss allowances/total forborne portfolio.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">116</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:2.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.318%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.725%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.318%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.614%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.318%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.640%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.318%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.403%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section1. Certain recast financial information</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Consolidated recast financial statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><a style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-top:18pt"><span id="i468caf545fd74554bafdbe1ccbb4d1ea"></span><span style="color:#ee2724;font-family:'Santander Headline',sans-serif;font-size:48pt;font-weight:700;line-height:90%">Section 2</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:6pt;margin-top:24pt"><span><br/></span></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="ia8a467f004bc44f196ed34229be963e2"></span><span style="color:#ee2724;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Consolidated financial statements for the three years ended 31 December 2025, recast as a result of certain changes to the presentation of the Group&#8217;s financial information.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">117</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_802"></div><hr style="page-break-after:always"/><div style="min-height:51.02pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-96"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:102pt"><span><br/></span></div><div><img src="san-20251231_g70.jpg" alt="7.InfoAuditoriayCuentas_ENG.jpg" style="height:596px;margin-bottom:5pt;vertical-align:text-bottom;width:793px" id="i-97"/></div><div style="margin-top:18pt"><span id="i77055e79352847fa920abfe175410a07"></span><span style="color:#ffffff;font-family:'Santander Headline',sans-serif;font-size:6pt;font-weight:700;line-height:90%">Auditor's report and&#160;consolidated financial statements</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">118</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_805"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-98"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:12pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:100%">A<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">uditor's report</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">120</a></span></div><div style="margin-bottom:3pt;margin-top:12pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statements</a>&#160;&#160;&#160;&#160;512</span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_823">Consolidated balance sheets as of 31 December </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_823"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_823">2025, 2024 and 2023</a>&#160;&#160;&#160;&#160;513</span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_826">Consolidated income statements for the years </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_826"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_826">ended 31 December 2025, 2024 and 2023</a>&#160;&#160;&#160;&#160;517</span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_829">Consolidated statements of recognised income and expense for the years ended 31 December </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_829"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_829">2025, 2024 and 2023</a>&#160;&#160;&#160;&#160;519</span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_832">Consolidated statements of changes in total equity for the years ended 31 December 2025, 2024 and 2023</a>&#160;&#160;&#160;&#160;520</span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_835">Consolidated statements of cash flows for the years</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_835"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_835">ended 31 December 2025, 2024 and 2023</a>&#160;&#160;&#160;&#160;526</span></div><div style="margin-bottom:3pt;margin-top:12pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statements</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">139</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841">1.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841">Introduction, basis of presentation of the </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841">consolidated financial statements (consolidated </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841">annual accounts) and other information</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841">140</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_862">2.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_862">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_862">Accounting policies</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_862">145</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883">3.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883">Grupo Santander</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883">171</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_901">4.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_901">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_901">Distribution of Banco Santander&#8217;s profit, shareholder </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_901"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_901">remuneration scheme and earnings per share</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_901">174</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_904">5.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_904">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_904">Remuneration and other benefits paid to the Bank&#8217;s </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_904"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_904">directors and senior managers</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_904">176</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_922">6.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_922">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_922">Loans and advances to central banks and credit </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_922"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_922">institutions</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_922">189</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_925">7.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_925">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_925">Debt securities</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_925">190</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_928">8.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_928">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_928">Equity instruments</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_928">192</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_937">9.</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_937">&#160;&#160;&#160;&#160;</a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_937">Trading derivatives (assets and liabilities) and&#160;short&#160;positions</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_937">193</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_940">10. Loans and advances to customers</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_940">193</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_943">11. Trading derivatives</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_943">199</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_946">12. Non-current assets</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_946">199</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_949">13. Investments</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_949">200</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_952">14. Insurance contracts linked to pensions</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_952">202</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_955">15. Liabilities under insurance contracts</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_955">203</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_958">16. Tangible assets</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_958">204</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_961">17. Intangible assets - Goodwill</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_961">207</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_964">18. Intangible assets - Other intangible assets</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_964">209</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_970">19. Other assets</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_970">210</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_973">20. Deposits from central banks and credit institutions</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_973">211</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_976">21. Customer deposits</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_976">211</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_979">22. Marketable debt securities</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_979">212</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_982">23. Subordinated liabilities</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_982">215</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_988">24. Other financial liabilities</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_988">219</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_991">25. Provisions</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_991">219</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1003">26. Other liabilities</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1003">234</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1006">27. Tax matters</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1006">235</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1021">28. Non-controlling interests</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1021">242</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1030">29. Other comprehensive income</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1030">243</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1033">30. Shareholders' equity</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1033">249</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1036">31. Issued capital</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1036">249</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1039">32. Share premium</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1039">250</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1042">33. Accumulated retained earnings</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1042">251</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1045">34. Other equity instruments and own shares</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1045">252</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1048">35. Memorandum items</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1048">253</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1051">36. Hedging derivatives</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1051">253</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1057">37. Discontinued operations</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1057">276</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1060">38. Interest income</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1060">277</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1063">39. Interest expense</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1063">277</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1066">40. Dividend income</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1066">277</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1069">41. Commission income</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1069">277</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1072">42. Commission expense</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1072">278</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1075">43. Gains or losses on financial assets and liabilities</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1075">278</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1078">44. Exchange differences, net</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1078">279</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1081">45. Other operating income and expenses</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1081">279</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1084">46. Staff costs</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1084">279</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1099">47. Other general administrative expenses</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1099">285</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1111">48. Gains or losses on non financial assets, net</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1111">287</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1114">49. Gains or losses on non-current assets held for </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1114"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1114">sale not classified as discontinued operations</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1114">287</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1117">50. Fair value of financial instruments</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1117">287</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1120">51. Other disclosures</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1120">303</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1126">52. Primary and secondary segments reporting</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1126">316</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1135">53. Related parties</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1135">331</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1138">54. Risk management</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1138">334</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1195">55. Additional disclosures</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1195">367</a></span></div><div style="margin-bottom:3pt;margin-top:12pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendix</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">372</a></span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1207">Appendix I. Subsidiaries of Banco Santander, S.A.</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1207">373</a></span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1225">Appendix II. Societies of which the Group owns more </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1225"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1225">than 5%, entities associated with Grupo Santander </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1225"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1225">and jointly controlled entities</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1225">396</a></span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1231">Appendix III. Issuing subsidiaries of shares and </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1231"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1231">preference shares</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1231">403</a></span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1234">Appendix IV. Notifications of acquisitions and </a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1234"><br/></a><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1234">disposals of investments in 2025</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1234">404</a></span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1237">Appendix V. Other information on the Group&#8217;s banks</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1237">405</a></span></div><div style="margin-bottom:3pt;padding-left:8.5pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"><a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1240">Appendix VI. Annual banking report</a>&#160;&#160;&#160;&#160;<a style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1240">412</a></span></div><div style="margin-bottom:3pt;padding-left:22.68pt;text-indent:-14.17pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">119</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808"></div><hr style="page-break-after:always"/><div style="min-height:51.02pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-99"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:102pt"><span><br/></span></div><div><span><br/></span></div><div style="margin-top:18pt;text-align:center"><img src="san-20251231_g71.jpg" alt="8.InfoAuditoria_ENG.jpg" style="height:615px;margin-bottom:5pt;vertical-align:text-bottom;width:793px" id="i-100"/></div><div style="margin-top:18pt"><span id="i9c322bfb0ef048359cef2110585074e7"></span><span style="color:#ffffff;font-family:'Santander Headline',sans-serif;font-size:6pt;font-weight:700;line-height:90%">Auditor's report</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">120</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_817"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-101"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i97ec47ca16f94374a6ba131b2b5dd867"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">To the Board of Directors and Shareholders of Banco Santander, S.A.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:112%">Opinions on the Financial Statements and Internal Control over Financial Reporting</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">We have audited the accompanying consolidated balance sheets of Banco Santander, S.A. and its subsidiaries (the &#8220;Company&#8221;) as of December 31, 2025, 2024 and 2023, and the related consolidated income statements, statements of recognised income and expense, statements of changes in total equity and statements of cash flows for each of the three years in the period ended December 31, 2025, including the related notes (collectively referred to as the &#8220;consolidated financial statements&#8221;). We also have audited the Company&#8217;s internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025 in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:112%">Basis for Opinions</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The Company&#8217;s management is responsible for these consolidated financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in Management&#8217;s Report on Internal Control over Financial Reporting (not presented herein) appearing under Item 15 of the Company&#8217;s 2025 Annual Report on Form 20-F. Our responsibility is to express opinions on the Company&#8217;s consolidated financial statements and on the Company&#8217;s internal control over financial reporting based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects.   </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">Our audits of the consolidated financial statements included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:112%">Definition and Limitations of Internal Control over Financial Reporting</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">A company&#8217;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company&#8217;s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#8217;s assets that could have a material effect on the financial statements.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:112%">Critical Audit Matters</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The critical audit matters communicated below are matters arising from the current period audit of the consolidated financial statements that were communicated or required to be communicated to the audit committee and that (i) relate to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:112%">Estimation of impairment of financial assets at amortized cost&#8211; loans and advances to customers</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:112%"> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">As described in Notes 2,10 and 54 to the consolidated financial statements, the Company&#8217;s financial assets at amortized cost &#8211; loans and advances to customers - were EUR 985,176 million as of December 31, 2025, and its estimation of impairment of financial assets at amortized cost &#8211; loans and advances to customers &#8211; was EUR 12,517 million for the year ended December 31, 2025. The Company assesses impairment by estimating the expected credit losses based on the stage in which each financial asset is classified. Management&#8217;s assessment of expected credit losses considers instruments with similar credit risk characteristics that are indicative of debtors&#8217; capacity to pay. The methodology required to estimate the expected credit losses due to credit events is based on the estimation of credit risk parameters (probability of default and loss given default) with an unbiased and weighted consideration by the probability of occurrence of a series of scenarios. The estimation of expected credit losses requires expert judgment and the support of historical, current and future information, including considering management overlays, if applicable. The probability of </span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">121</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-102"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">loss is measured considering past events, the present situation and future trends of macroeconomic scenarios.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The principal considerations for our determination that performing procedures relating to the estimation of the impairment of financial assets at amortized cost &#8211; loans and advances to customers is a critical audit matter are (i) the significant judgment by management in determining the  assessment of the expected credit losses; (ii) a high degree of auditor judgment, subjectivity and effort in performing procedures relating to the models and assumptions used to determine the expected credit losses; and (iii) the audit effort involved the use of professionals with specialized skill and knowledge.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to management&#8217;s expected credit loss estimation process, which included controls over the data, models and assumptions used in the estimation process, including management overlays to the models, if applicable. These procedures also included, among others, (i) evaluating, on a test basis, expected credit loss models parameters with respect to the estimation criteria and calculation,  the appropriateness of the methodology used for the generation of the macroeconomic scenarios, the reliability of the data sources and the completeness and accuracy of data provided by management, and the reasonableness of management&#8217;s criteria for significant increase in credit risk and loan classification by stages; (ii) testing the mathematical accuracy of the impairment calculation for the credit portfolios; (iii) evaluating the reasonableness of the management overlays to the models, if applicable; (iv) evaluating a sample of individual credit files to determine the reasonableness of management&#8217;s classification, expected loss estimation methodologies and, where appropriate, corresponding impairment, and (v) evaluating the loan collateral assignment and valuation process, including collateral recovery process. Professionals with specialized skill and knowledge were used to assist in evaluating the appropriateness of the models used by management and evaluating the reasonableness of assumptions used in the impairment estimation for the credit portfolios.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:112%">Goodwill Impairment Assessment of Certain Cash Generating Unit (CGU)</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">As described in Notes 2 and 17 to the consolidated financial statements, the Company&#8217;s consolidated goodwill balance was EUR 11,958 million as of December 31, 2025, which includes the goodwill balance of the Santander US Auto CGU of EUR 943 million. Management assesses goodwill for impairment at the end of each annual reporting period or whenever there is any indication of impairment. Potential impairment is identified by management by comparing the value in use of a CGU to its carrying value. Value in use is estimated by management using discounted cash flow projections. Management&#8217;s cash flow projections for the CGU include assumptions relating to earnings projections, discount rates determined as the cost of capital taking into account the risk-free rate of return plus a risk premium and constant growth rates used in order to extrapolate earnings in perpetuity.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The principal considerations for our determination that performing procedures relating to the goodwill impairment assessment of the aforementioned CGU is a critical audit matter are (i) the significant judgment by management when developing the value in use of the CGU; (ii) a high degree of auditor judgment, subjectivity, and effort in performing procedures and evaluating management&#8217;s significant assumptions related to earnings projections, discount rates and constant growth rates; and (iii) the audit effort involved the use of professionals with specialized skill and knowledge.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to management&#8217;s goodwill impairment assessment, including controls over the valuation of the aforementioned CGU. These procedures also included, among others, (i) testing management&#8217;s process for developing the value in use estimate; (ii) evaluating the appropriateness of the discounted cash flow model; (iii) evaluating the reasonableness of the earnings projections, the discount rate and the constant growth rates assumptions used by management; and (iv) testing the mathematical accuracy of the discounted cash flow projections. Evaluating the reasonableness of management&#8217;s key assumptions involved (i) performing a retrospective comparison of forecasted earnings to actual past performance and previous forecasts; and (ii) evaluating the consistency of the discount rate and constant growth rate with external market and industry data. Professionals with specialized skill and knowledge were used to assist in the evaluation of the appropriateness of management&#8217;s discounted cash flow model and reasonableness of the earnings projections, discount rate and constant growth rates assumptions.  </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:112%">Litigation provisions and contingencies</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">As described in Notes 2 and 25 to the consolidated financial statements, the Company&#8217;s consolidated litigation provisions and contingencies balance as of December 31, 2025 were EUR 4,714 million. The Company records provisions for tax, civil and legal proceedings in which management assesses the chances of loss to be probable. Management determines the amounts to be provided for as the best estimate of the expenditure required to settle the corresponding claim based, among other factors, on a case-by-case analysis of the facts and the legal opinion of internal and external counsel or by considering the historical average amount of the loss incurred in claims of the same nature. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The principal considerations for our determination that performing procedures relating to litigation provisions and contingencies is a critical audit matter are the significant judgment by management to assess the intrinsic uncertainty of the obligations for which management recognizes a provision for these proceedings based on estimates, which in turn led to a high degree of auditor judgment and effort in performing procedures and evaluating management&#8217;s process for estimating the litigation provisions and contingencies.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the assessment of litigation provisions and contingencies. These procedures also included, among others, (i) obtaining and evaluating letters of audit inquiry with internal and external lawyers and external tax advisors, (ii) evaluating the reasonableness of management&#8217;s assessment regarding whether an outflow of resources is probable and the contingency is estimable, (iii) evaluating management&#8217;s assessment of possible contingencies relating to compliance with the tax obligations for all the years open to inspection and (iv) evaluating the sufficiency of the Company&#8217;s contingency disclosures.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">/s/ PricewaterhouseCoopers Auditores, S.L.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Madrid, Spain</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">February 27, 2026, except with respect to our opinion on the consolidated financial statements insofar as it relates to the change in reportable segments discussed in Note 52, and the change in the manner in which the company presents certain items in the consolidated income statements discussed in Note 1, as to which the date is April 1, 2026</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">We have served as the Company&#8217;s auditor since 2016.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">122</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820"></div><hr style="page-break-after:always"/><div style="min-height:51.02pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-103"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:102pt"><span><br/></span></div><div><img src="san-20251231_g72.jpg" alt="9.EstadosFinancieros_ENG.jpg" style="height:598px;margin-bottom:5pt;vertical-align:text-bottom;width:793px" id="i-104"/></div><div style="margin-top:18pt"><span id="i102ca0684b3544da9df54720a37cbe90"></span><span style="color:#ffffff;font-family:'Santander Headline',sans-serif;font-size:6pt;font-weight:700;line-height:90%">Consolidated financial statements</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">123</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_823"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-105"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:15pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:15pt"><span style="color:#9c9c9c;font-family:'Santander Text',sans-serif;font-size:14pt;font-weight:700;line-height:121%">Grupo Santander</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:61.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED BALANCE SHEETS AS OF 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEPOSITS ON DEMAND</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-12">152,281</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-13">192,208</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-14">220,342</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS HELD FOR TRADING</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-15">252,318</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-16">230,253</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-17">176,921</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 and 11</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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id="f-95">313</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-23" 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1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-99">1,202,689</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-100">1,203,707</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-101">1,191,403</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-11" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-102">140,014</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-12" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-103">120,949</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-13" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-104">103,559</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-14" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-105">1,062,675</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-15" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-106">1,082,758</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-16" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-107">1,087,844</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-108">15,986</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-109">16,179</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-110">20,082</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit 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style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-117">3,931</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-118">5,672</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-119">5,297</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN<br/>PORTFOLIO HEDGES OF INTEREST RATE RISK</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" scale="6" id="f-120">50</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" scale="6" id="f-121">704</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" scale="6" id="f-122">788</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">124</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-106"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:61.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED BALANCE SHEETS AS OF 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:ReinsuranceContractsHeldThatAreAssets" scale="6" id="f-133">222</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:ReinsuranceContractsHeldThatAreAssets" scale="6" id="f-134">237</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TANGIBLE ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-135">27,438</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-136">32,087</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-137">33,882</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Property, plant and equipment</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-138">26,416</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-139">31,212</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-140">32,926</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">For own-use</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-26" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-141">11,663</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-27" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-142">12,636</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-28" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-143">13,408</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Leased out under an operating lease</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-29" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-144">14,753</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-30" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-145">18,576</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-31" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-146">19,518</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment properties</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:InvestmentProperty" format="ixt:num-dot-decimal" scale="6" id="f-147">1,022</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">INTANGIBLE ASSETS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-153">17,308</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-155">19,871</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 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1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NON-CURRENT ASSETS HELD FOR SALE</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-183">75,011</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-184">4,002</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-185">3,014</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-186">1,867,515</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-187">1,837,081</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-188">1,797,062</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated balance sheet as of 31 December 2025.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">125</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-107"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED BALANCE SHEETS AS OF 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million </span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:63.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.235%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES HELD FOR TRADING</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td 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unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-190">152,151</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-191">122,270</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 and 11</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-32" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-192">51,968</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-33" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-193">57,753</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 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format="ixt:num-dot-decimal" scale="6" id="f-297">5,904</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-298">6,276</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-299">6,086</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OTHER LIABILITIES</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-300">15,937</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-301">16,344</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-302">17,598</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-303">62,995</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-304">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-305">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-306">1,754,767</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-307">1,729,754</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-308">1,692,821</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">126</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-108"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED BALANCE SHEETS AS OF 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:61.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.829%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EQUITY</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">SHAREHOLDERS&#180; EQUITY</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:EquityAttributableToOwnersOfParentExcludingAccumulatedOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-309">141,144</ix:nonFraction></span><span 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id="f-337">82,326</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriod" format="ixt:num-dot-decimal" scale="6" id="f-338">74,114</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">REVALUATION RESERVES</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:RevaluationSurplus" format="ixt:fixed-zero" scale="6" id="f-339">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:RevaluationSurplus" format="ixt:fixed-zero" scale="6" id="f-340">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:OtherReserves" format="ixt:num-dot-decimal" scale="6" id="f-343">5,976</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:OtherReserves" format="ixt:num-dot-decimal" scale="6" id="f-344">5,751</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserves or accumulated losses in joint venture investments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:ReservesOrAccumulatedLossesInJointVenturesInvestments" format="ixt:num-dot-decimal" scale="6" id="f-345">1,643</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:ReservesOrAccumulatedLossesInJointVenturesInvestments" format="ixt:num-dot-decimal" scale="6" id="f-346">1,831</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:ReservesOrAccumulatedLossesInJointVenturesInvestments" format="ixt:num-dot-decimal" scale="6" id="f-347">1,762</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:InterimDividends" format="ixt:num-dot-decimal" scale="6" id="f-358">1,532</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:InterimDividends" format="ixt:num-dot-decimal" scale="6" id="f-359">1,298</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OTHER COMPREHENSIVE INCOME OR LOSS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:AccumulatedOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-360">37,974</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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scale="6" id="f-363">4,121</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-364">4,757</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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format="ixt:num-dot-decimal" scale="6" id="f-371">8,818</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income or loss</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:AccumulatedOtherComprehensiveIncomeAttributableToNonControllingInterests" format="ixt:num-dot-decimal" scale="6" id="f-372">1,947</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:AccumulatedOtherComprehensiveIncomeAttributableToNonControllingInterests" format="ixt:num-dot-decimal" scale="6" id="f-373">2,020</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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format="ixt:num-dot-decimal" scale="6" id="f-379">107,327</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-380">104,241</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" 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name="ifrs-full:EquityAndLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-383">1,797,062</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments granted</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-77" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-384">321,234</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-78" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-385">302,861</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-79" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-386">279,589</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-80" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-387">17,449</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-81" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-388">16,901</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-82" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-389">15,435</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-83" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-390">148,118</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-84" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-391">134,493</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-85" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-392">113,273</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated balance sheet as of 31 December 2025.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">127</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_826"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-109"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:61.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED INCOME STATEMENTS FOR THE YEARS ENDED 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Debit) Credit</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" id="f-393">101,710</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" 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1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other interest income</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-94" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" id="f-402">19,749</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-408">42,348</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-409">43,787</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 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scale="6" id="f-414">665</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-415">687</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-416">591</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:FeeAndCommissionExpense" format="ixt:num-dot-decimal" scale="6" id="f-420">4,411</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-104" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading" format="ixt:fixed-zero" scale="6" id="f-439">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-105" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading" format="ixt:fixed-zero" scale="6" id="f-440">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 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name="ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-450">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-104" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-451">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLoss" scale="6" id="f-458">92</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gain or losses from hedge accounting, net</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43&#160;</span></td><td 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income from insurance and reinsurance contracts</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:IncomeFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss" scale="6" id="f-471">476</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncomeFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss" scale="6" id="f-472">470</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:IncomeFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss" scale="6" id="f-473">460</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expenses from insurance and reinsurance contracts</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ExpensesFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss" scale="6" id="f-474">385</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ExpensesFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss" scale="6" id="f-475">449</ix:nonFraction>)</span></td><td style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ExpensesFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss" scale="6" id="f-476">449</ix:nonFraction>)</span></td><td style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">128</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-110"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:61.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED INCOME STATEMENTS FOR THE YEARS ENDED 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Debit) Credit</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-477">58,311</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-478">58,043</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-479">53,951</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:AdministrativeExpense" format="ixt:num-dot-decimal" scale="6" id="f-480">21,601</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:AdministrativeExpense" format="ixt:num-dot-decimal" scale="6" id="f-481">22,036</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:AdministrativeExpense" format="ixt:num-dot-decimal" scale="6" id="f-482">21,598</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Staff costs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:EmployeeBenefitsExpense" format="ixt:num-dot-decimal" scale="6" id="f-483">13,656</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:EmployeeBenefitsExpense" format="ixt:num-dot-decimal" scale="6" id="f-484">13,851</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:EmployeeBenefitsExpense" format="ixt:num-dot-decimal" scale="6" id="f-485">13,299</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other general administrative expenses</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherGeneralAdministrativeExpenses" format="ixt:num-dot-decimal" scale="6" id="f-486">7,945</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherGeneralAdministrativeExpenses" format="ixt:num-dot-decimal" scale="6" id="f-487">8,185</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherGeneralAdministrativeExpenses" format="ixt:num-dot-decimal" scale="6" id="f-488">8,299</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Depreciation and amortisation cost</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 and 18</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:DepreciationAndAmortisationExpense" format="ixt:num-dot-decimal" scale="6" id="f-489">3,178</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:DepreciationAndAmortisationExpense" format="ixt:num-dot-decimal" scale="6" id="f-490">3,179</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:DepreciationAndAmortisationExpense" format="ixt:num-dot-decimal" scale="6" id="f-491">3,086</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversal of provisions, net</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ProvisionsAndReversalOfProvisions" format="ixt:num-dot-decimal" scale="6" id="f-492">2,302</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ProvisionsAndReversalOfProvisions" format="ixt:num-dot-decimal" scale="6" id="f-493">3,062</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ProvisionsAndReversalOfProvisions" format="ixt:num-dot-decimal" scale="6" id="f-494">2,058</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment or reversal of impairment at financial assets not measured<br/>at fair value through  profit or loss and net gains and losses from changes</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" format="ixt:num-dot-decimal" scale="6" id="f-495">12,546</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" format="ixt:num-dot-decimal" scale="6" id="f-496">12,136</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" format="ixt:num-dot-decimal" scale="6" id="f-497">12,298</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-88" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" scale="6" id="f-498">29</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-89" decimals="-6" sign="-" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" scale="6" id="f-499">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-90" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" scale="6" id="f-500">24</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-91" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" format="ixt:num-dot-decimal" scale="6" id="f-501">12,517</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-92" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" format="ixt:num-dot-decimal" scale="6" id="f-502">12,137</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-93" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" format="ixt:num-dot-decimal" scale="6" id="f-503">12,274</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment or reversal of impairment of investments in<br/>subsidiaries, joint ventures and associates, net</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 and 18</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ImpairmentLossReversalOfImpairmentOfInvestmentsInSubsidiariesJointVenturesAndAssociatesNet" format="ixt:fixed-zero" scale="6" id="f-504">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ImpairmentLossReversalOfImpairmentOfInvestmentsInSubsidiariesJointVenturesAndAssociatesNet" format="ixt:fixed-zero" scale="6" id="f-505">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ImpairmentLossReversalOfImpairmentOfInvestmentsInSubsidiariesJointVenturesAndAssociatesNet" format="ixt:fixed-zero" scale="6" id="f-506">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment or reversal of impairment on non-financial assets, net</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ImpairmentLossReversalOfImpairmentRecognisedInProfitOrLossNonFinancialAssetsNet" scale="6" id="f-507">251</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ImpairmentLossReversalOfImpairmentRecognisedInProfitOrLossNonFinancialAssetsNet" scale="6" id="f-508">624</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ImpairmentLossReversalOfImpairmentRecognisedInProfitOrLossNonFinancialAssetsNet" scale="6" id="f-509">237</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossTangibleAssets" scale="6" id="f-510">129</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossTangibleAssets" scale="6" id="f-511">382</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossTangibleAssets" scale="6" id="f-512">135</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" scale="6" id="f-514">231</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" scale="6" id="f-515">73</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossOtherNonFinancialAssetsNet" scale="6" id="f-516">10</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossOtherNonFinancialAssetsNet" scale="6" id="f-517">11</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" 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#9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:GainsLossesOnDisposalsOfNonFinancialAssetsNet" format="ixt:fixed-zero" scale="6" id="f-519">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:GainsLossesOnDisposalsOfNonFinancialAssetsNet" scale="6" id="f-520">368</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:GainsLossesOnDisposalsOfNonFinancialAssetsNet" scale="6" id="f-521">312</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Negative goodwill recognized in results</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-522">22</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" format="ixt:fixed-zero" scale="6" id="f-523">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GainRecognisedInBargainPurchaseTransaction" scale="6" id="f-524">39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-current assets held for sale<br/>not classified as discontinued operations</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" scale="6" id="f-526">27</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" scale="6" id="f-527">20</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-528">18,681</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-530">15,005</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense or income from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-531">4,723</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-532">4,844</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-533">3,880</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-535">12,503</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-536">11,125</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit/(loss) after tax from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-537">1,542</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-538">1,241</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-539">1,058</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) for the year</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-540">15,500</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-541">13,744</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-542">12,183</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit/(loss) attributable to non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-543">1,399</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-544">1,170</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-545">1,107</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit/(loss) attributable to the parent</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-546">14,101</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-547">12,574</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-548">11,076</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) per share</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Basic</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-549">0.905</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-550">0.771</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-551">0.654</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diluted</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-552">0.900</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-553">0.768</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-554">0.651</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. <ix:footnote id="fn-1" continuedAt="fn-1-1" footnoteRole="http://www.xbrl.org/2003/role/footnote">Includes EUR -<ix:nonFraction unitRef="eur" contextRef="c-109" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnNetMonetaryPosition" scale="6" id="f-555">486</ix:nonFraction> million at 31 December 2025 (EUR -<ix:nonFraction unitRef="eur" contextRef="c-110" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnNetMonetaryPosition" format="ixt:num-dot-decimal" scale="6" id="f-556">1,225</ix:nonFraction> and EUR -<ix:nonFraction unitRef="eur" contextRef="c-111" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnNetMonetaryPosition" format="ixt:num-dot-decimal" scale="6" id="f-557">1,016</ix:nonFraction> at 31 December 2024 and 2023, respectively) derived from the net loss generated in Argentina as a result of the application of IAS 29 </ix:footnote></span><ix:continuation id="fn-1-1"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:115%">Financial reporting in hyperinflationary economies</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:115%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></ix:continuation></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated income statement for the year ended 31 December 2025.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">129</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_829"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-111"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:61.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.829%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED STATEMENTS OF RECOGNISED INCOME AND EXPENSE <br/>FOR THE YEARS ENDED 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONSOLIDATED PROFIT/(LOSS) FOR THE YEAR</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-558">15,500</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-559">13,744</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-560">12,183</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OTHER RECOGNISED INCOME AND EXPENSE</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-561">1,858</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-562">2,339</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-563">614</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-564">100</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-565">219</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-566">964</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains and losses on defined benefit pension plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-567">73</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-568">584</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-569">1,038</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:NonCurrentAssetsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossBeforeTax" scale="6" id="f-570">10</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:NonCurrentAssetsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-571">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:NonCurrentAssetsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-572">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in<br/>subsidiaries, joint ventures and associates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-573">1</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-574">3</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-575">5</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-576">245</ix:nonFraction>&#160;</span></td><td 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decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:fixed-zero" scale="6" id="f-580">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:fixed-zero" scale="6" id="f-581">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgedItem" scale="6" id="f-582">76</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgedItem" scale="6" id="f-583">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgedItem" scale="6" id="f-584">29</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgingInstrument" scale="6" id="f-585">76</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgingInstrument" scale="6" id="f-586">20</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgingInstrument" scale="6" id="f-587">29</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-588">160</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-589">277</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-590">120</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax relating to items that will not be reclassified</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-593">361</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" format="ixt:num-dot-decimal" scale="6" id="f-594">1,958</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" format="ixt:num-dot-decimal" scale="6" id="f-595">2,558</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" format="ixt:num-dot-decimal" scale="6" id="f-596">1,578</ix:nonFraction></span><span 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name="ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" scale="6" id="f-601">420</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-602">1,888</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-603">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-604">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-605">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-606">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-607">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-608">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchanges differences</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-609">3,399</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-610">3,047</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-611">1,017</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-612">3,399</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-613">3,047</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-614">1,009</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-615">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-616">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" scale="6" id="f-617">8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-618">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-619">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-620">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges (effective portion)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" scale="6" id="f-621">867</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" scale="6" id="f-622">558</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" format="ixt:num-dot-decimal" scale="6" id="f-623">2,592</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.25pt 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id="f-625">698</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-626">30</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Transferred to initial carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:AmountsTransferredToInitialCarryingAmountOfHedgedItemsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-630">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:AmountsTransferredToInitialCarryingAmountOfHedgedItemsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-631">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:AmountsTransferredToInitialCarryingAmountOfHedgedItemsBeforeTax" format="ixt:fixed-zero" scale="6" id="f-632">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" format="ixt:fixed-zero" scale="6" id="f-633">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" format="ixt:fixed-zero" scale="6" id="f-634">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" format="ixt:fixed-zero" scale="6" id="f-635">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging instruments (items not designated)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" scale="6" id="f-636">14</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" format="ixt:fixed-zero" scale="6" id="f-637">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" format="ixt:fixed-zero" scale="6" id="f-638">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" 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name="san:GainsLossesOnRemeasuringHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-640">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:GainsLossesOnRemeasuringHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-641">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" scale="6" id="f-642">13</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-643">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-644">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 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#9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-646">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-647">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments at fair value with changes in other comprehensive income</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-648">613</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-649">493</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-650">858</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-652">447</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-653">852</ix:nonFraction>&#160;</span></td><td 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:GainsLossesOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax" scale="6" id="f-663">267</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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id="f-665">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:ReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax" scale="6" 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax" format="ixt:fixed-zero" scale="6" id="f-668">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-679">11,405</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-680">12,797</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Attributable to non-controlling interests</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-681">1,452</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" scale="6" id="f-682">709</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-683">1,401</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Attributable to the parent</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-684">12,190</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-685">10,696</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-686">11,396</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated statement of recognised income and expense for the year ended 31 December 2025.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">130</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_832"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-112"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-top:300pt;padding-left:3.54pt;padding-right:3.54pt;text-align:center;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:44.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.719%"/><td style="width:0.1%"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL EQUITY FOR THE YEARS ENDED 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Opening balance at 1 January 2025</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-117" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-692">7,576</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-118" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-693">40,079</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-119" decimals="-6" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" id="f-694">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-120" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-695">217</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-121" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-696">82,326</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total recognised income and expense</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other changes in equity</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-122" decimals="-6" sign="-" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" scale="6" id="f-697">231</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-123" decimals="-6" sign="-" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-698">3,287</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-124" decimals="-6" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-699">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-125" decimals="-6" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" scale="6" id="f-700">56</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-126" decimals="-6" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-701">9,633</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of ordinary shares</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of preferred shares</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of other financial instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Maturity of other financial instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Conversion of financial liabilities into equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital reduction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-122" decimals="-6" name="ifrs-full:ReductionOfIssuedCapital" scale="6" id="f-702">231</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-123" decimals="-6" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-703">3,287</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends </span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-126" decimals="-6" name="ifrs-full:DividendsPaid" format="ixt:num-dot-decimal" scale="6" id="f-704">1,643</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Purchase of equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposal of equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer from equity to liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer from liabilities to equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers between equity items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-126" decimals="-6" name="san:IncreaseDecreaseThroughTransfersBetweenEquityItems" format="ixt:num-dot-decimal" scale="6" id="f-705">11,276</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Increases (decreases) due to business combinations</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share-based payment</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-125" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-706">67</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others increases or (-) decreases in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-125" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-707">123</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-127" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-708">7,345</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-128" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-709">36,792</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-129" decimals="-6" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" id="f-710">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-130" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-711">273</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-131" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-712">91,959</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated statement of changes in total equity for the year ended 31 December 2025.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">131</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-113"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.905%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="27" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-controlling interest</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation reserves</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other reserves</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(-) Own shares</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments" format="ixt:fixed-zero" scale="6" id="f-750">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-155" decimals="-6" sign="-" name="ifrs-full:ReductionOfIssuedCapital" scale="6" id="f-751">231</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-156" decimals="-6" sign="-" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-752">3,287</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-156" decimals="-6" name="ifrs-full:PurchaseOfTreasuryShares" format="ixt:num-dot-decimal" scale="6" id="f-758">4,081</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" 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1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-774">67</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-155" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" format="ixt:num-dot-decimal" scale="6" id="f-775">1,055</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-154" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-776">309</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-777">623</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-158" decimals="-6" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" id="f-778">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-159" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-779">7,532</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-160" decimals="-6" sign="-" name="ifrs-full:Equity" scale="6" id="f-780">96</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-161" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-781">14,101</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-162" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-782">1,698</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-163" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-783">37,974</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-164" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-784">1,947</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-165" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-785">11,525</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-786">112,748</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">132</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-114"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:44.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.719%"/><td style="width:0.1%"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL EQUITY FOR THE YEARS ENDED 31 DECEMBER 2025, 2024 AND 2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Share premium</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity instruments issued (not capital)</span></td><td colspan="3" style="padding:2px 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-180" decimals="-6" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-801">8,212</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of ordinary shares</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of preferred shares</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of other financial instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Maturity of other financial instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-178" decimals="-6" name="san:MaturityOfOtherFinancialInstruments" scale="6" id="f-802">751</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Conversion of financial liabilities into equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital reduction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-176" decimals="-6" name="ifrs-full:ReductionOfIssuedCapital" scale="6" id="f-803">516</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-177" decimals="-6" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-804">4,294</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-180" decimals="-6" name="ifrs-full:DividendsPaid" format="ixt:num-dot-decimal" scale="6" id="f-805">1,485</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Purchase of equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposal of equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer from equity to liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer from liabilities to equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-180" decimals="-6" name="san:IncreaseDecreaseThroughTransfersBetweenEquityItems" format="ixt:num-dot-decimal" scale="6" id="f-806">9,697</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Increases (decreases) due to business combinations</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share-based payment</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-179" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-807">62</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others increases or (-) decreases in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-179" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-809">84</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 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#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-118" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-811">40,079</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-119" decimals="-6" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" id="f-812">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-120" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-813">217</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-121" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-814">82,326</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated statement of changes in total equity for the year ended 31 December 2025.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">133</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-115"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.904%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="27" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-controlling interest</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation reserves</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other reserves</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(-) Own shares</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit attributable&#160;to shareholders of the parent</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(-) Interim dividends</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-147" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-884">1,532</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-148" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-885">36,595</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-149" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-886">2,020</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-150" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-887">10,746</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-888">107,327</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">134</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-116"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:44.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.719%"/><td style="width:0.1%"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL EQUITY FOR THE YEARS ENDED 31 DECEMBER 2025, 2024 AND 2023</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Share premium</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity instruments issued (not capital)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other equity instruments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated retained 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-211" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-893">66,702</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments due to errors</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments due to changes in accounting policies</span></td><td colspan="2" style="border-top:0.25pt solid 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0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Opening balance at 1 January 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-212" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-894">8,397</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-213" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-895">46,273</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-214" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-896">688</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-215" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-897">175</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-216" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-898">66,702</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total recognised income and expense</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other changes in equity</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-217" decimals="-6" sign="-" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" scale="6" id="f-899">305</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-218" decimals="-6" sign="-" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-900">1,900</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-219" decimals="-6" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" scale="6" id="f-901">32</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-220" decimals="-6" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" scale="6" id="f-902">20</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-221" decimals="-6" name="san:IncreaseDecreaseInEquityOtherThanComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-903">7,412</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of ordinary shares</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of preferred shares</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of other financial instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Maturity of other financial instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Conversion of financial liabilities into equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital reduction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-217" decimals="-6" name="ifrs-full:ReductionOfIssuedCapital" scale="6" id="f-904">305</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-218" decimals="-6" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-905">1,900</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-221" decimals="-6" name="ifrs-full:DividendsPaid" scale="6" id="f-906">963</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Purchase of equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposal of equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer from equity to liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer from liabilities to equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers between equity items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-221" decimals="-6" name="san:IncreaseDecreaseThroughTransfersBetweenEquityItems" format="ixt:num-dot-decimal" scale="6" id="f-907">8,375</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Increases (decreases) due to business combinations</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share-based payment</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-220" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-908">60</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others increases or (-) decreases in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-219" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-909">32</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-220" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-910">80</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-171" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-911">8,092</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-172" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-912">44,373</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-173" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-913">720</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-174" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-914">195</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-175" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-915">74,114</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated statement of changes in total equity for the year ended 31 December 2025.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">135</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-117"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.904%"/><td style="width:0.1%"/></tr><tr style="height:14pt"><td colspan="27" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-controlling interest</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation reserves</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other reserves</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(-) Own shares</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit attributable&#160;to shareholders of the parent</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(-) Interim dividends</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-222" decimals="-6" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" 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1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions" scale="6" id="f-977">60</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-246" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-978">578</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-245" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-979">47</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" scale="6" id="f-980">419</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-192" decimals="-6" name="ifrs-full:Equity" format="ixt:fixed-zero" scale="6" id="f-981">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-193" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-982">5,751</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-194" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-983">1,078</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-195" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-984">11,076</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-196" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-985">1,298</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-197" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-986">35,020</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-198" decimals="-6" sign="-" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-987">1,559</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-199" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-988">10,377</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-989">104,241</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">136</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_835"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-118"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:60.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 2025, 2024 AND 2023</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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CASH FLOWS FROM OPERATING ACTIVITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-990">14,835</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-991">24,155</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-992">5,015</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid 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style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-994">13,744</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-995">12,183</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments made to obtain the cash flows from operating activities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital" format="ixt:num-dot-decimal" scale="6" id="f-996">31,347</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital" format="ixt:num-dot-decimal" scale="6" id="f-997">28,361</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital" format="ixt:num-dot-decimal" scale="6" id="f-998">26,948</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherAdjustmentsForNoncashItems" format="ixt:num-dot-decimal" scale="6" id="f-1002">28,169</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:OtherAdjustmentsForNoncashItems" format="ixt:num-dot-decimal" scale="6" id="f-1003">25,182</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherAdjustmentsForNoncashItems" format="ixt:num-dot-decimal" scale="6" id="f-1004">23,862</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net increase/(decrease) in operating assets</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:AdjustmentsForDecreaseIncreaseInOperatingAssets" format="ixt:num-dot-decimal" scale="6" 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1039">6,950</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" scale="6" id="f-1040">503</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income tax recovered/(paid)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1041">4,954</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1042">5,880</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1043">5,214</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B. CASH FLOWS FROM INVESTING ACTIVITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" scale="6" id="f-1044">534</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1045">3,712</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1046">5,366</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OutflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1047">7,925</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:OutflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1048">11,355</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OutflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1049">15,056</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1050">5,854</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1051">8,494</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1052">11,446</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1053">1,805</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1054">2,104</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1055">2,197</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13&#160;</span></td><td style="border-top:0.25pt solid 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name="ifrs-full:PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-1057">686</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" scale="6" id="f-1058">139</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Subsidiaries and other business units</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" scale="6" id="f-1059">187</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" scale="6" id="f-1060">71</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1061">1,274</ix:nonFraction>&#160;</span></td><td 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style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1071">5,206</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1072">5,966</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1090">5,510</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1091">2,058</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OutflowsOfCashFromFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1093">14,045</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OutflowsOfCashFromFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1094">10,187</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Dividends</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1095">3,341</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1096">3,017</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1097">2,261</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Subordinated liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:RepaymentsOfSubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1098">8,822</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:RepaymentsOfSubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1099">4,096</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:RepaymentsOfSubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1100">2,931</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Redemption of own equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:PaymentsToRedeemEntityShares" format="ixt:fixed-zero" scale="6" id="f-1101">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:PaymentsToRedeemEntityShares" scale="6" id="f-1102">751</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:PaymentsToRedeemEntityShares" format="ixt:fixed-zero" scale="6" id="f-1103">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Acquisition of own equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:PaymentsToAcquireEntityShares" format="ixt:num-dot-decimal" scale="6" id="f-1104">4,081</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:PaymentsToAcquireEntityShares" format="ixt:num-dot-decimal" scale="6" id="f-1105">4,038</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:PaymentsToAcquireEntityShares" format="ixt:num-dot-decimal" scale="6" id="f-1106">3,109</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other payments related to financing activities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherOutflowsOfCashClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1107">1,499</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherOutflowsOfCashClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1108">2,143</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherOutflowsOfCashClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1109">1,886</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Proceeds</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Subordinated liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProceedsFromIssueOfSubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1113">2,287</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProceedsFromIssueOfSubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1114">7,001</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProceedsFromIssueOfSubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-1115">7,007</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Issuance of own equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProceedsFromIssuingShares" format="ixt:fixed-zero" scale="6" id="f-1116">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProceedsFromIssuingShares" format="ixt:fixed-zero" scale="6" id="f-1117">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProceedsFromIssuingShares" format="ixt:fixed-zero" scale="6" id="f-1118">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Disposal of own equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares" scale="6" id="f-1119">815</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares" scale="6" id="f-1120">765</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares" scale="6" id="f-1121">825</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other proceeds related to financing activities</span></td><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherInflowsOfCashClassifiedAsFinancingActivities" scale="6" id="f-1122">438</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherInflowsOfCashClassifiedAsFinancingActivities" scale="6" id="f-1123">769</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherInflowsOfCashClassifiedAsFinancingActivities" scale="6" id="f-1124">297</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">137</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-119"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:60.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 2025, 2024 AND 2023</span></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Note</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">D. EFFECT OF FOREIGN EXCHANGE RATE DIFFERENCES</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1125">8,908</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1126">5,243</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" scale="6" id="f-1127">322</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E. NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1128">37,412</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1129">28,134</ix:nonFraction>)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1130">2,731</ix:nonFraction>)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">F. CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-1131">192,208</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-1132">220,342</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-241" decimals="-6" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-1133">223,073</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">G. CASH AND CASH EQUIVALENTS AT END OF THE YEAR</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-1134">154,796</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-1135">192,208</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-1136">220,342</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">COMPONENTS OF CASH AND CASH EQUIVALENTS AT END OF THE YEAR</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:CashOnHand" format="ixt:num-dot-decimal" scale="6" id="f-1137">7,357</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:CashOnHand" format="ixt:num-dot-decimal" scale="6" id="f-1138">9,253</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:CashOnHand" format="ixt:num-dot-decimal" scale="6" id="f-1139">8,621</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash equivalents at central banks</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-1140">135,330</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-1141">170,914</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-1142">199,932</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other financial assets</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:OtherCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1143">9,594</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:OtherCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1144">12,041</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:OtherCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1145">11,789</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Less, bank overdrafts refundable on demand</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:BankOverdraftsClassifiedAsCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-1146">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:BankOverdraftsClassifiedAsCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-1147">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:BankOverdraftsClassifiedAsCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-1148">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL CASH AND CASH EQUIVALENTS AT END OF THE YEAR</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1149">152,281</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1150">192,208</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1151">220,342</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">In which, restricted cash</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:RestrictedCashAndCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-1152">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:RestrictedCashAndCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-1153">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:RestrictedCashAndCashEquivalents" format="ixt:fixed-zero" scale="6" id="f-1154">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL CASH AND CASH EQUIVALENTS AT END OF PERIOD ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-1155">2,515</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" format="ixt:fixed-zero" scale="6" id="f-1156">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" format="ixt:fixed-zero" scale="6" id="f-1157">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><span><br/></span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">The accompanying notes 1 to 55 and appendices are an integral part of the consolidated statement of cash flows for the year ended 31 December 2025.</span></div><div style="margin-top:300pt;padding-left:3.54pt;padding-right:3.54pt;text-align:center;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">138</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838"></div><hr style="page-break-after:always"/><div style="min-height:51.02pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-120"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:102pt"><span><br/></span></div><div><img src="san-20251231_g73.jpg" alt="10.Consolidada_ENG.jpg" style="height:598px;margin-bottom:5pt;vertical-align:text-bottom;width:793px" id="i-121"/></div><div style="margin-top:15pt"><span id="if62b5ead700f4378834d7bb0f71f788f"></span><span style="color:#ffffff;font-family:'Santander Headline',sans-serif;font-size:6pt;font-weight:700;line-height:90%">Notes to the consolidated financial statements</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">139</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_841"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-122"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9faa93a1ef0e46238410cb2ab782180c"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Banco Santander, S.A., and Companies composing Grupo Santander</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Notes to the consolidated financial statements (consolidated annual accounts) for the year ended 31 December 2025.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="id71d0dc8e7024638af37a1db3abd3b97"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">1. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" id="f-1158" continuedAt="f-1158-1" escape="true">Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_844"></div><ix:continuation id="f-1158-1" continuedAt="f-1158-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i77528bda2ffa40d693c9b52c4c5de603"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Introduction</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A. ('the parent' or 'Banco Santander'), is a private-law entity subject to the rules and regulations applicable to banks operating in Spain, where it was constituted and currently maintains its legal domicile, which is paseo de Pereda, numbers 9 to 12, 39004, Santander, Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The principal headquarters of Banco Santander are located in Ciudad Grupo Santander, Avenida Cantabria s/n, 28660, Boadilla del Monte, Madrid, Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The corporate purpose of Banco Santander, S.A. mainly entails carrying out all kinds of activities, operations and services inherent to the banking business in general and permitted by current legislation, and the acquisition, holding, enjoyment and disposal of all kinds of securities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the operations carried on directly by it, Banco Santander is the head of a group of subsidiaries that engage in various business activities and which compose, together with it, Grupo Santander ('Santander' or 'the Group'). Therefore, Banco Santander is obliged to prepare, in addition to its own separate financial statements, the Group's consolidated financial statements, which also include the interests in joint ventures and investments in associates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, Grupo Santander consisted of <ix:nonFraction unitRef="subsidiary" contextRef="c-1" decimals="INF" name="san:NumberOfSubsidiaries" scale="0" id="f-1159">755</ix:nonFraction> subsidiaries of Banco Santander, S.A. In addition, other <ix:nonFraction unitRef="companies" contextRef="c-1" decimals="INF" name="san:NumberOfAssociatesJointVenturesOrListedCompaniesOfWhichEntityHoldsMoreThanFivePercentInterest" scale="0" id="f-1160">191</ix:nonFraction> companies are associates of the Group, joint ventures or companies of which the Group holds more than <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:RateForWhichGroupHoldingInACompanyIsConsideredSignificantPercent" scale="-2" id="f-1161">5</ix:nonFraction>% (excluding the Group companies of negligible interest with respect to the fair presentation that the annual accounts must express).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander consolidated financial statements for 2023 were approved by the shareholders at the group&#180;s annual general meeting on 22 March 2024. Grupo Santander consolidated financial statements for 2024 were approved by the shareholders at the group&#180;s annual general meeting on 4 April 2025. The Group's 2025 consolidated financial statements, the financial statements of the parent and of substantially all the Group companies have not been approved yet by their shareholders at the respective annual general meetings. However, Banco Santander board of directors considers that the aforementioned financial statements will be approved without any significant changes.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-1158-2" continuedAt="f-1158-3"><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_847"></div><div style="margin-bottom:6pt"><span id="iec0a94ffd1fd41a3afa9feb654b1cf53"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) <ix:nonNumeric contextRef="c-1" name="san:DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" id="f-1162" continuedAt="f-1162-1" escape="true">Basis of presentation of the consolidated financial statements</ix:nonNumeric></span></div><ix:continuation id="f-1162-1" continuedAt="f-1162-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Regulation (EC) n.&#186; 1606/2002 of the European Parliament and of the Council of 19 July 2002 all companies governed by the law of an EU Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements for the years beginning on or after 1 January 2005 in conformity with the International Financial Reporting Standards ('IFRS') previously adopted by the European Union ('EU-IFRS').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to adapt the accounting system of Spanish credit institutions with the principles and criteria established by the IFRS adopted by the European Union ('EU-IFRS'), the Bank of Spain published circular 4/2017, dated 27 November 2017, on Public and Confidential Financial Reporting Standards and Financial Statement Formats and the following regulations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Particularly, during 2025 and 2023, the Bank of Spain published Circulars 1/2025 of 19 December of 2025, and 1/2023 of 24 February of 2023, amending Circular 4/2017 of 27 November to credit institutions on Public and Confidential Financial Reporting Standards and Financial Statement Formats.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander consolidated financial statements for 2025 were authorised by the Bank's directors (at the board meeting on 24 February 2026) in accordance with International Financial Reporting Standards as adopted by the European Union and with Bank of Spain circular 4/2017 and subsequent modifications, and Spanish corporate and commercial law applicable to the Group, using the basis of consolidation, accounting policies and measurement bases set forth in note 2, accordingly, they present fairly the Group's equity and financial position at 31 December 2025, 2024 and 2023 and the consolidated results of its operations and the consolidated cash flows in 2025, 2024 and 2023. These consolidated annual accounts have been prepared on the basis of the accounting records held by Banco Santander and by each of the other companies of the Group, and include the adjustments and reclassifications required to standardise the accounting policies and valuation criteria applied by Grupo Santander. The consolidated financial statements are also in compliance with IFRS as issued by the International Accounting Standards Board ('IFRS &#8211; IASB' and together with IFRS adopted by the European Union, 'IFRS').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The notes to the consolidated financial statements contain additional information to that presented in the consolidated balance sheet, consolidated income statement, consolidated statement of recognised income and expense, consolidated statement of changes in total equity and consolidated statement of cash flows. The notes provide, in a clear, relevant, reliable and comparable manner, narrative descriptions and breakdowns of these statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The information contained in the consolidated income statement has been reclassified as a result of the change in the presentation for certain charges at 31 December 2025 in the amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-249" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-1163">427</ix:nonFraction>&#160;million, mainly levies and other expenses, of which EUR <ix:nonFraction unitRef="eur" contextRef="c-250" decimals="-6" sign="-" name="ifrs-full:Provisions" scale="6" id="f-1164"><ix:nonFraction unitRef="eur" contextRef="c-249" decimals="-6" name="san:OtherOperatingExpense" scale="6" id="f-1165">359</ix:nonFraction></ix:nonFraction>&#160;million have been reclassified from the line item 'Other provisions' to the line item 'Other operating expenses'. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The figures of the consolidated annual accounts are presented in millions of euros unless another alternative monetary unit is indicated, rounded to the nearest million unit.</span></div></ix:continuation></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">140</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-123"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1162-2" continuedAt="f-1162-3"><ix:continuation id="f-1158-3" continuedAt="f-1158-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5c5935c78f4d4dd7be2c8ba299bbc585"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Adoption of new standards and interpretations issued</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following modifications came into force and were adopted by the European Union in 2025: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IAS 21 Effects of changes in foreign currency exchange rates: IAS 21 established the requirements to apply when there is a temporary lack of interchangeability between two currencies, but did not give indications when this situation was not temporary. Given this scenario, IAS 21 has been modified establishing the criteria to identify these situations, specifying how entities should estimate the spot exchange rate, the methodologies and data to be considered, as well as the associated disclosure requirements. This modification was applied in advance by the Group on 31 December 2024. For more information, see Note 2.a.iv.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The application of the aforementioned amendment to accounting standards and interpretations did not have any material effects on Grupo Santander consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, at the date of approval of these consolidated annual accounts, the following standards which effectively came into force have effective dates after 31 December 2025:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:3.11pt">Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures: (i) amendments to classification and measurement requirements related to the assessment of contractual cash flows of certain financial assets (with ESG characteristics, non-recourse or contractually linked); (ii) an accounting policy option for the derecognition of financial liabilities settled through an electronic payment system is included; (iii) the disclosure requirements related to equity instruments designated at fair value through other comprehensive income are amended; (iv) disclosure requirements are included for financial instruments with contingent characteristics that may modify their contractual cash flows. These amendments will be applicable from 1 January 2026. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:3.11pt">Amendments to IFRS 9 and IFRS 7 -  Nature-dependent electricity contracts for electricity contracts dependent on energy sources and susceptible to variations due to uncontrollable factors, such as weather conditions, this modification: (i) clarifies the application of the 'own use' requirements; (ii) allows hedge accounting if these contracts were used as hedging instruments; and, (iii) adds new filing requirements for greater clarity on the impact of these contracts. These modifications will be applicable form 1 January 2026. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 18 Presentation and Disclosure in Financial Statements, which replaces IAS 1 Presentation of Financial Statements, (i) improves the comparability of the income statement by defining its structure into three categories (operating, investing, and financing) and presenting defined subtotals, including operating profit; (ii) breaks down in the financial statements certain management-defined performance measures related to the income statement; and (iii) improves the aggregation of information for disclosure in the financial statements or notes. The new standard will be applicable from 1 January 2027.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amendments to IFRS Improvement Cycle: introduces minor amendments, effective from 1 January 2026, to the following standards:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 1 First-time Adoption of International Financial Reporting Standards, for hedge accounting in first adoption.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 7 Financial Instruments: Disclosures: updated references and alignment with IFRS 13, as well as clarifications in the Implementation Guidance.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 9 Financial Instruments: amendment to apply derecognition criteria to lease liabilities recorded by the lessee and replacement of the term 'transaction price' with 'the amount determined in accordance with IFRS 15'.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS10 Consolidated Financial Statements: Determining a 'de facto agent'.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IAS 7 Statement of Cashflows: replacing the term 'cost method' with 'cost'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">Finally, at the date of approval of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2025 had not yet been adopted by the European Union:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures: this new standard works alongside other IFRS Accounting Standards. An eligible subsidiary applies the requirements in other IFRS Accounting Standards except for the disclosure requirements and instead applies the reduced disclosure requirements in IFRS 19. A subsidiary is eligible if: (i) it does not have public accountability; and (ii) it has an ultimate or intermediate parent that produces consolidated financial statements available for public use that comply with IFRS Accounting Standards. Applicable from 1 January 2027. </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures: these new amendments help eligible subsidiaries reduce disclosures related to IFRS standards and amendments issued between February 2021 and May 2024. With these amendments, IFRS 19 reflects the IFRS changes that will take effect up to 1 January 2027, when IFRS 19 will become applicable.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amendments to IAS 21 The effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency: establishes how to translate financial statements when the presentation currency is subject to hyperinflation. Requires converting all amounts, including comparatives, at the closing exchange rates and restating them in accordance with IAS 29. Furthermore, introduces additional disclosures to enhance comparability and reduce diversity in practice. Applicable from 1 January 2027, with early application permitted. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander is currently analyzing the possible effects of these new standards and interpretations, and unless expressly indicated otherwise, no significant impacts are expected from their application.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">141</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-124"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1162-3"><ix:continuation id="f-1158-4" continuedAt="f-1158-5"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group completed the project to adapt its accounting policies relating to hedging transactions to the hedge accounting requirements set out in IFRS 9 (see Note 2.d.v). The main impacts of this change on the accounting for hedging relationships are primarily due to: (i) the mandatory separation of the time value of options (when the hedged risk is the intrinsic value); (ii) and the optional separation of the forward element of foreign exchange forward contracts for all hedges, as well as (iii) the separation of the foreign currency basis spread of a foreign exchange derivative for each hedging relationship. The application of these options to hedges designated before 31 December 2024 did not have a material impact on the Group's consolidated statement of financial position or consolidated profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2025 were applied in the preparation of these consolidated annual accounts.</span></div></ix:continuation></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_850"></div><ix:continuation id="f-1158-5" continuedAt="f-1158-6"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic5631b4734934331b08987495b30ceec"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory" id="f-1166" continuedAt="f-1166-1" escape="true">Use of accounting estimates</ix:nonNumeric></span></div><ix:continuation id="f-1166-1" continuedAt="f-1166-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The consolidated results and the determination of consolidated equity are sensitive to the accounting policies, measurement bases and estimates used by Banco Santander in preparing the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main accounting policies and measurement bases are set forth in note 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements estimates were occasionally made by the senior management of Grupo Santander in order to quantify certain of the assets, liabilities, income, expenses and obligations reported herein. These estimates, which were made on the basis of the best information available, relate basically to the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The impairment losses on certain assets: it applies to financial assets at fair value through other comprehensive income, financial assets at amortised cost, non-current assets held for sale, investments, tangible assets and intangible assets (see Notes 6, 7, 10, 12, 13, 16, 17, 18 and 54).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The assumptions used in the actuarial calculation of the post-employment benefit liabilities and commitments and other obligations (see Note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The useful life of the tangible and intangible assets (see Notes 16 and 18).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The measurement of the impairment in goodwill arising on consolidation (see Note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The calculation of provisions and the consideration of contingent liabilities (see Note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair value of certain unquoted assets and liabilities (see Notes 6, 7, 8, 9, 10, 11, 20, 21 and 22).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The recoverability of deferred tax assets (see Note 27).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair value of the identifiable assets acquired and the liabilities assumed in business combinations in accordance with IFRS 3 (see Note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The measurement of assets under reinsurance contracts and liabilities under insurance contracts (see Note 15).</span></div></ix:continuation></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1158-6" continuedAt="f-1158-7"><ix:continuation id="f-1166-2" continuedAt="f-1166-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To update the previous estimates, the Group's management has taken into account the current macroeconomic scenario, characterized by persistent geopolitical tensions and changing financial conditions, as well as the evolution of monetary and fiscal policies in major economies. The analysis also considers developments in interest rates, credit spreads, and currency movements, along with labor market trends in the geographies where the Group operates. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group's management has evaluated in particular the uncertainties caused by the current environment in relation to credit risk, maintaining active oversight of clients in geographies and sectors more exposed to international trade tensions, global geopolitical uncertainty and the impact of public debt containment policies or fiscal stimulus measures, liquidity and market risks, taking into account the best available information, to estimate the impact on the credit portfolio's impairment provision, and in the debt instruments' interest rates and valuation, developing in the notes the main estimates made during the period ended December 31, 2025 (see notes 10, 17, 50 and 54). </span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:continuation id="f-1166-3">Although these estimates have been made on the basis of the best information available at the end of the year 2025, and considering information updated at the date of preparation of these consolidated annual accounts, it is possible that events that may take place in the future may make it necessary to modify them (upwards or downwards) in the coming years, which would be done, if appropriate, in a prospective manner, recognising the effects of the change in estimate in the corresponding consolidated income statement.</ix:continuation> </span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_853"></div><ix:continuation id="f-1158-7" continuedAt="f-1158-8"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ica94a5d04b5b4435bfdf221d2b51bbbd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Information relating to 2024 and 2023</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The information in the consolidated income statement from 2024 and 2023 has been restated, as a result of the agreement for the sale of Santander Bank Polska S.A. by Grupo Santander, as required by IFRS 5 (see, mainly, Notes 3 and 37, as well as the rest of the notes of the profit and loss account).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the segment information corresponding to the years ended 31 December 2024 and 2023 has been restated, in accordance with the changes in the segments' composition of Grupo Santander, as required by IFRS 8 (see note 52).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The information contained in the consolidated income statements relating to the periods 2024 and 2023 has been modified as a result of the retrospective application of the change in the presentation for certain charges in the amounts of EUR <ix:nonFraction unitRef="eur" contextRef="c-251" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-1167">403</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-252" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-1168">352</ix:nonFraction>&#160;million, respectively (see Note 1.b).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to interpret the changes in the balances with respect to 31 December 2025, it is necessary to take into consideration the exchange rate effect arising from the volume of foreign currency balances held by Grupo Santander in view of its geographic diversity (see note 52.b) and the impact of the appreciation/depreciation of the various currencies against the euro in 2025, based on the exchange rates at the end of 2025: Mexican peso (<ix:nonFraction unitRef="number" contextRef="c-253" decimals="4" name="san:ForeignCurrencyExchangeRateChangePercentage" scale="-2" id="f-1169">2.05</ix:nonFraction>%), US dollar (-<ix:nonFraction unitRef="number" contextRef="c-254" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangePercentage" scale="-2" id="f-1170">11.62</ix:nonFraction>%), Brazilian real (-<ix:nonFraction unitRef="number" contextRef="c-255" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangePercentage" scale="-2" id="f-1171">0.47</ix:nonFraction>%), Argentinian peso (-<ix:nonFraction unitRef="number" contextRef="c-256" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangePercentage" scale="-2" id="f-1172">37.23</ix:nonFraction>%), Sterling pound (-<ix:nonFraction unitRef="number" contextRef="c-257" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangePercentage" scale="-2" id="f-1173">4.99</ix:nonFraction>%), Chilean peso (-<ix:nonFraction unitRef="number" contextRef="c-258" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangePercentage" scale="-2" id="f-1174">2.57</ix:nonFraction>%), and Polish zloty (<ix:nonFraction unitRef="number" contextRef="c-259" decimals="4" name="san:ForeignCurrencyExchangeRateChangePercentage" scale="-2" id="f-1175">1.30</ix:nonFraction>%); as well as the evolution of the comparable average rates: Mexican peso (-<ix:nonFraction unitRef="number" contextRef="c-253" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangeInAverageRateAsPercent" scale="-2" id="f-1176">8.95</ix:nonFraction>%), US dollar (-<ix:nonFraction unitRef="number" contextRef="c-254" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangeInAverageRateAsPercent" scale="-2" id="f-1177">4.15</ix:nonFraction>%), Brazilian real (-<ix:nonFraction unitRef="number" contextRef="c-255" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangeInAverageRateAsPercent" scale="-2" id="f-1178">7.86</ix:nonFraction>%), Sterling pound (-<ix:nonFraction unitRef="number" contextRef="c-257" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangeInAverageRateAsPercent" scale="-2" id="f-1179">1.20</ix:nonFraction>%), Chilean peso (-<ix:nonFraction unitRef="number" contextRef="c-258" decimals="4" sign="-" name="san:ForeignCurrencyExchangeRateChangeInAverageRateAsPercent" scale="-2" id="f-1180">4.90</ix:nonFraction>%) and Polish zloty (<ix:nonFraction unitRef="number" contextRef="c-259" decimals="4" name="san:ForeignCurrencyExchangeRateChangeInAverageRateAsPercent" scale="-2" id="f-1181">1.56</ix:nonFraction>%).</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">142</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_856"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-125"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1158-8" continuedAt="f-1158-9"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i41c300dff0b949d19329278ce1680516"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Capital management</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i212efa7d58ed46bd842e545ff56a9c9d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Regulatory and economic capital</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit institutions must comply with a set of minimum capital and liquidity requirements. These minimum requirements are regulated by the European Capital Requirements Regulation (CRR), which is directly applicable within the Spanish legal framework, and by the Capital Requirements Directive (CRD).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 19 June 2024, the final texts of the update to the banking package were published in the Official Journal of the European Union: Regulation (EU) 2024/1623 (hereinafter, CRR 3), which amends the CRR with regard to requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the floor on risk-weighted assets (known as the output floor), as well as Directive (EU) 2024/1619 (hereinafter, CRD VI), which amends the CRD as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The update to the banking package aims, on the one hand, to implement the final Basel III reforms and, on the other, to strengthen the harmonisation of banking supervision within the European Union (EU).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">CRR 3, applicable since 1 January 2025, introduce greater risk sensitivity into standardised approaches, reduce the variability of risk-weighted assets among banks using internal models to calculate capital requirements, and enhance comparability across banks. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under CRD VI, the ambition to achieve more robust supervision and to safeguard financial stability is reflected in a set of rules affecting fit-and-proper requirements, an extended scope resulting from the revision of certain definitions, and new provisions regarding the establishment of third-country branches in the EU, with the aim of achieving greater regulatory harmonisation and improved supervision of this type of entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Although most CRR 3 provisions apply since 1 January 2025, for certain provisions the regulator has established a gradual implementation (phase-in) period until 2030 in order to give the industry sufficient time to build up the capital required to meet the requirements on a fully loaded basis.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding Market Risk, the European Commission and the European Parliament have approved an additional 12-month delay to the entry into force of the new market risk capital framework, or FRTB, until 1 January 2027. Beyond this date, the CRR 3 does not allow for any further delay, as postponements are limited to two years. This delay also covers other provisions, such as the separation between the trading book and the banking book, the internal risk transfer regime, etc.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CRR 3/CRD VI package contains 140 mandates for the EBA to develop Level 2 or Level 3 legislation (regulatory technical standards, implementing technical standards and guidelines&#8212;RTS, ITS and GL, for their acronyms) and to issue opinions and reports to further specify certain aspects of the regulation. In this context, the EBA published its roadmap (EBA Roadmap) at the end of 2023, structuring the implementation of the banking package around four sequential phases, under which the authority will address the various mandates in an orderly manner based on their latest legal application dates (up to four years after the entry into force of CRR 3 and CRD VI). In addition, at the end of 2024, the EBA published its 2025 work programme, setting out the guidelines for addressing these mandates during the year. This has resulted in the publication of various consultations throughout the year on RTS, ITS and Guidelines, such as, for example:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Regulatory Technical Standards (RTS) on off-balance-sheet exposures and unconditionally cancellable commitments</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Regulatory Technical Standards (RTS) on material changes to IRB models and model extensions</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Revision of the Guidelines on the revised definition of default</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on operational risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In its 2025 Work Programme, the EBA undertook, among other initiatives, the revision of the SREP Guidelines, the consultation for which was published on 24 October, with the aim of updating them based on three pillars: legislative changes (CRR 3 and CRD VI, IRRBB/CSRBB, DORA, etc.), lessons learned, and structural changes intended to improve the usability of the Guidelines. The consultation period was set to run until early February 2026, and following the conclusion of the consultation process, the Guidelines are expected to enter into force on 1 January 2027.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 28 July 2025, the ECB published a revised version of its Guide to Internal Models, with the objective of reflecting the regulatory changes introduced by CRR 3 in relation to internal models for credit, counterparty credit and market risk; clarifying supervisory expectations for internal models that make use of machine learning; and enhancing transparency and supervisory harmonisation. This revision builds on the experience accumulated by the ECB since the first publication of the Guide in 2019.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 July 2025, the ECB also published the final Guide on Options and Discretions, following a consultation process launched in November 2024. The Guide introduces clarifications and adjustments to the treatment of market risk and operational risk, as well as to the conditions under which minority interests may be included in group capital, among other aspects.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">143</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-126"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1158-9" continuedAt="f-1158-10"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding resolution regulation, institutions are required to maintain an adequate funding structure to ensure that, in the event of financial distress, they hold sufficient liabilities to absorb losses and either restore viability or be resolved while safeguarding depositor protection and financial stability. To this end, global systemically important institutions are subject to minimum loss-absorbing capacity requirements, namely Total Loss-Absorbing Capacity (TLAC) and the Minimum Requirement for own funds and Eligible Liabilities (MREL), as regulated under CRR 3 and the Bank Recovery and Resolution Directive (BRRD).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 October 2022, a regulation on the prudential treatment of global systemically important institutions was published, amending both the CRR and the BRRD with respect to the prudential treatment of G-SIBs with a multiple point of entry (MPE) resolution strategy, as well as the methods for the indirect subscription of eligible instruments (daisy chains) for the purpose of meeting MREL requirements. This regulation, known as the Resolution 'Quick Fix', pursues two main objectives:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The inclusion in the BRRD and CRR 3 of references to third-country subsidiaries allowing for adjustments to the deduction for holdings of TLAC instruments issued by such subsidiaries, based on excess TLAC/MREL at subsidiary level, as well as adjustments in cases where the aggregate own funds and eligible liabilities requirements of a G-SIB under an MPE strategy exceed the theoretical requirements of the same group under a single point of entry (SPE) strategy. This adjustment is therefore based on a comparison between the two possible resolution strategies.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The introduction of a deduction regime for holdings of MREL instruments through entities within the same resolution group other than the resolution entity. The Regulation establishes a deduction at the level of the intermediate entity within the daisy chain that repurchases the instruments. As a result, the intermediate entity is required to issue an equivalent amount, thereby transferring internal MREL needs to the resolution entity, which will cover them with external MREL.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this context, in 2025 the EBA published the Final Report on the draft Implementing Technical Standards (ITS) on resolution planning, aimed at further harmonising reporting requirements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding Deposit Guarantee Schemes (DGS), these are regulated under the Deposit Guarantee Schemes Directive (DGSD), which has not undergone substantial amendments since its publication in 2014. The Directive aims to harmonise DGS across Member States to ensure stability and consistency across countries. It establishes an appropriate framework to improve depositor access to DGS through a clear scope of coverage, short repayment periods, enhanced information, and robust funding requirements. The Directive has been transposed into Spanish law through Royal Decree 2606/1996, as amended by Royal Decree 1041/2021.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To ensure the protection of depositors, DGS collect financial resources through contributions from their members, which must be paid at least annually. These annual contributions are determined based on the number of covered deposits and the risk profile of the institutions affiliated with the DGS. The methodology for calculating contributions is set out in the EBA Guidelines (EBA/GL/2023/02).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In June 2025, the Council and the European Parliament reached a political agreement, which still needs to be finalized at a technical level as a prerequisite for its final formal approval.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within the sustainability field from a prudential perspective, the implementation of the CRR 3/CRD VI package has progressed, introducing specific requirements to integrate environmental, social and governance (ESG) risks into the prudential framework. With the aim of assessing whether a specific prudential treatment is warranted, the CRR establishes three mandates: to assess the availability of ESG risk data; to evaluate the effective risk profile of exposures affected by environmental or social factors; and to analyse the potential effects on financial stability of differentiated prudential treatment, with a view to possible legislative proposals by 31 December 2026.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the CRR 3/CRD VI package introduces disclosure requirements on ESG risks, reporting of ESG risk exposures to competent authorities, and an obligation for institutions to develop specific plans for managing financial risks arising from ESG factors, including those related to transition trends.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this context, the EBA published in January 2025 the Guidelines on the Management of ESG Risks, fulfilling the CRD VI mandate to structurally integrate ESG risks into the European prudential framework. These Guidelines set out minimum standards and reference methodologies for the identification, measurement, management and monitoring of ESG risks, as well as their proper integration into internal governance processes, risk appetite frameworks and strategic planning. The Guidelines also specify minimum requirements for the development of transition plans, which must include metrics, quantifiable targets and time-bound milestones aligned with institutions&#8217; sustainability strategies and prudential requirements. Their application will be mandatory from 11 January 2026, consolidating a prudential framework that strengthens the systematic consideration of ESG risks in supervisory and risk management processes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the international level, the Basel Committee on Banking Supervision (BCBS) has continued to advance work on ESG-related standards. In June 2025, the Committee published a voluntary framework for the disclosure of climate-related financial risks, aimed at guiding internationally active banks in the provision of qualitative and quantitative information on their exposures to physical and transition risks. The framework acknowledges the still nascent state of climate data availability, consistency and quality, and therefore adopts a flexible approach that allows for the use of different metrics and methodologies. While its adoption will depend on jurisdictional decisions, the Committee considers this framework an important step towards enhancing transparency and international comparability of climate risk disclosures and intends to monitor its implementation with a view to potential future revisions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the digital field, due to the increase in international crypto assets activities, the EU is moving forward with the integration of Basel standards on crypto-assets through the mandate set out in CRR 3, which will enable the establishment of a harmonised prudential treatment once the legislative process is completed. In fulfilment of the CRR 3 mandate, the EBA has finalised and published the draft Regulatory Technical Standards (RTS) applicable to the calculation of own funds requirements for crypto-asset exposures.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">144</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-127"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1158-10" continuedAt="f-1158-11"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 Grupo Santander met the minimum capital requirements established by current legislation (see note 54.d). Additionally, it should be noted that the Group has filed an appeal with the Court of Justice of the European Union (CJEU) requesting the annulment of a decision by the European Central Bank (ECB) related to the treatment of deferred tax assets generated at Banco Santander Brasil, which, if resolved favourably, would have a positive impact of approximately <ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:PositiveImpactOnCommonEquityTierOneCapitalRadio" scale="-4" id="f-1182">20</ix:nonFraction> basis points on the Group's CET1, using the amounts at the end of the year.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_859"></div><ix:continuation id="f-1158-11" continuedAt="f-1158-12"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie70a1de3b55a44b49271d59845b59f5e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) Environmental impact</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In view of the business activities carried on by the Group entities, the Group does not have any environmental liability, expenses, assets, provisions or contingencies that might be material with respect to its consolidated equity, financial position or results (see note 54.a).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i473fe5075f69455fbd86999117be9fde"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) Events after the reporting perio</span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 9 January 2026, after obtaining the necessary regulatory approvals and fulfilling the conditions for closing, the Group completed the sale of <ix:nonFraction unitRef="number" contextRef="c-260" decimals="2" name="san:SaleOfProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1183">49</ix:nonFraction>% of the share capital of Santander Bank Polska S.A. and <ix:nonFraction unitRef="number" contextRef="c-261" decimals="2" name="san:SaleOfProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1184">50</ix:nonFraction>% of the share capital of Santander Towarzystwo Funduszy Inwestycyjnych S.A. (TFI, the asset management business in Poland) to Erste Group Bank AG for a total cash amount of approximately EUR <ix:nonFraction unitRef="eur" contextRef="c-262" decimals="-6" sign="-" name="ifrs-full:ConsiderationPaidReceived" format="ixt:num-dot-decimal" scale="6" id="f-1185">7,000</ix:nonFraction> million. The transaction generated a net capital gain of approximately EUR <ix:nonFraction unitRef="eur" contextRef="c-262" decimals="-6" name="san:GainsLossesOnDisposalOfSubsidiaries" format="ixt:num-dot-decimal" scale="6" id="f-1186">1,900</ix:nonFraction> million, which will be recognized in the consolidated income statement for the 2026 financial year. Santander holds the <ix:nonFraction unitRef="number" contextRef="c-263" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1187">9.7</ix:nonFraction>% of Santander Polska's share capital. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The transaction resulted in the loss of effective control over the entity, and therefore, effective as of 9 January 2026, Santander Bank Polska S.A. will cease to be consolidated using the global integration method in the Group's consolidated financial statements from that date forward.</span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:continuation id="f-1158-12">Additionally, on 3 February 2026, Banco Santander, S.A. ('Santander') announced that it had reached an agreement to acquire Webster Financial Corporation ('Webster'), the parent company of Webster Bank, N.A., for approximately USD <ix:nonFraction unitRef="usd" contextRef="c-264" decimals="-6" name="ifrs-full:ConsiderationPaidReceived" format="ixt:num-dot-decimal" scale="6" id="f-1188">12,200</ix:nonFraction>&#160;million (around EUR <ix:nonFraction unitRef="eur" contextRef="c-264" decimals="-6" name="ifrs-full:ConsiderationPaidReceived" format="ixt:num-dot-decimal" scale="6" id="f-1189">10,300</ix:nonFraction>&#160;million). Webster shareholders will receive USD <ix:nonFraction unitRef="usdPerShare" contextRef="c-264" decimals="2" name="san:PortionOfConsiderationPaidReceivedInCashPerShare" scale="0" id="f-1190">48.75</ix:nonFraction> in cash and <ix:nonFraction unitRef="shares" contextRef="c-264" decimals="4" name="san:ConsiderationPaidReceivedInSharesPerShare" scale="0" id="f-1191">2.0548</ix:nonFraction> Santander shares for each Webster share, resulting in a total consideration of USD <ix:nonFraction unitRef="usdPerShare" contextRef="c-265" decimals="0" name="san:ConsiderationPaidReceivedInCashPerShare" scale="0" id="f-1192">75</ix:nonFraction> per Webster share. Completion of the transaction is expected to take place in the second half of 2026 subject to the customary conditions for this type of operations, including obtaining the relevant regulatory approvals and the approvals of both Webster's and Santander's shareholders.</ix:continuation> </span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_862"></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory" id="f-1193" continuedAt="f-1193-1" escape="true"><div style="margin-bottom:6pt"><span id="i6c87437ff51a472999bdb1c94b145450"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">2. Accounting p</span><span style="color:#ee2724;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">olicies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accounting policies applied in preparing the consolidated financial statements were as follows:</span></div></ix:nonNumeric><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_868"></div><ix:continuation id="f-1193-1" continuedAt="f-1193-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i313075a9d33d42f0964c13ee80431ee7"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" id="f-1194" continuedAt="f-1194-1" escape="true">Foreign currency transactions</ix:nonNumeric></span></div><ix:continuation id="f-1194-1" continuedAt="f-1194-2"><div style="margin-bottom:3pt"><span id="i32af6d7657084157bd41fbca042d4a16"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:115%">i. Presentation currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander&#8217;s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if390cf64de9b4b70a7214304d13a92d3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Translation of foreign currency balances</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Foreign currency balances are translated to euros in <ix:nonFraction unitRef="stage" contextRef="c-1" decimals="INF" name="san:ForeignCurrencyTranslationsNumberOfStages" format="ixt-sec:numwordsen" scale="0" id="f-1195">two</ix:nonFraction> consecutive stages:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i038cd23e6ca643d4819cd5041865c4b7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Translation of foreign currency to the functional currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union ('EMU') countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Income and expenses are translated at the average exchange rates for the&#160;year for all the transactions performed during the&#160;year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the&#160;year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity.</span></div></ix:continuation></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">145</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-128"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1194-2" continuedAt="f-1194-3"><ix:continuation id="f-1193-2" continuedAt="f-1193-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i18072ffb95a34673a45789fb5332e5c4"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Translation of functional currencies to euros</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Assets and liabilities, at the closing rates.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Income and expenses, at the average exchange rates for the&#160;year.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Equity items, at the historical exchange rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia47d2d78cd61478f8daf4a551a61006e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Recognition of exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under 'Exchange differences, net' in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under 'Other comprehensive income&#8211;Items that may be reclassified to profit or loss&#8211;Exchange differences' except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated 'Other Comprehensive Income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value' through other comprehensive income (see note 29).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in 'Other comprehensive income&#8211;Items that may be reclassified to profit or loss&#8211;Exchange differences' in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under 'Other comprehensive income&#8211;Items that may be reclassified to profit or loss and Items not reclassified to profit or loss&#8211;Other recognised income and expense' of investments in subsidiaries, joint ventures and associates (see note 29), until the related item is derecognised, at which time they are recognised in profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity 'Other comprehensive income&#8211;Items not reclassified to profit or loss&#8211;Actuarial gains or (-) losses' on defined benefit pension plans (see note 29).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ie550674534bb4738b172fb9dfd58a54d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Entities located in hyperinflationary economies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">All components of the financial statements of the subsidiary are translated at the closing exchange rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached <ix:nonFraction unitRef="number" contextRef="c-266" decimals="2" name="san:InflationRate" scale="-2" id="f-1196">48</ix:nonFraction>% per year (<ix:nonFraction unitRef="number" contextRef="c-267" decimals="2" name="san:InflationRate" scale="-2" id="f-1197">147</ix:nonFraction>% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, Grupo Santander decided to apply an alternative exchange rate for the conversion of its Argentine business in the preparation of its consolidated annual accounts. This decision stemmed from the divergence observed between the official exchange rate and certain macroeconomic variables, primarily inflation, coupled with the fact that for certain transactions, such as the repatriation of dividends, the exchange rate implied in orderly transactions between market participants did not correspond to the official exchange rate. As of 31 December 2024, the alternative exchange rate used was based on the CCL dollar ('c</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">ontado con liquidaci&#243;n'</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">), which is the exchange rate resulting from the sale in US dollars of local bonds denominated in Argentine pesos (bonds with dual peso dollar/denomination). At that date, this rate did not differ significantly from other market rates.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">From the second quarter of 2025, and considering the liberalization of the foreign exchange market and the elimination of restrictions on the purchase of foreign currency by individuals, and the value of this CCL dollar exchange rate did not differ significantly from other market rates and the official exchange rate, Grupo Santander started using the official exchange rate as a reference once again. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation during 2025, according to the national consumer price index published by the National Statistics and Census Institute, wa</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">s <ix:nonFraction unitRef="number" contextRef="c-109" decimals="3" name="san:InflationRate" scale="-2" id="f-1198">31.5</ix:nonFraction>% for the year (<ix:nonFraction unitRef="number" contextRef="c-110" decimals="3" name="san:InflationRate" scale="-2" id="f-1199">117.8</ix:nonFraction>% at 31 December 2024). The official exchange rate as 31 December 2025 was <ix:nonFraction unitRef="argentian_pesoPerEUR" contextRef="c-268" decimals="2" name="ifrs-full:ClosingForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-1200">1,706.38</ix:nonFraction> Argentine pesos per euro (<ix:nonFraction unitRef="argentian_pesoPerEUR" contextRef="c-269" decimals="2" name="ifrs-full:ClosingForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-1201">1,071.16</ix:nonFraction> Argentine pesos per euro </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">at 31 December 2024). The exchange rate applied by the Group as at 31 December 2024 was <ix:nonFraction unitRef="argentian_pesoPerEUR" contextRef="c-269" decimals="2" name="san:ClosingForeignExchangeRateAppliedHyperinflationaryEconomy" format="ixt:num-dot-decimal" scale="0" id="f-1202">1,232.39</ix:nonFraction> Argentine pesos per euro.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">146</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-129"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1194-3"><ix:continuation id="f-1193-3" continuedAt="f-1193-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflati</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">onary economy in accordance with the criteria establ</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ished in this regard by the International Financial Reporting Standards adopted by the European Union. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i84b8f9220b604b46b4cbd974862c94c9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Exposure to foreign currency risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see note&#160;36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of &#177; 1% in the foreign exchange rate positions arising from investments in Grupo Santander companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances.</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfSensitivityAnalysisOfConsolidatedEquityAndProfitOf1AppreciationDepreciationOfEuroTableTextBlock" id="f-1203" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit and loss account of a <ix:nonFraction unitRef="number" contextRef="c-2" decimals="INF" name="san:PercentageOfReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="-2" id="f-1204">1</ix:nonFraction>% appreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:20.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.250%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect&#160;on&#160;<br/>consolidated&#160;equity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect&#160;on&#160;<br/>consolidated&#160;profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-270" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1205">135.0</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-271" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1206">168.4</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-272" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1207">136.9</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-270" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1208">2.5</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-271" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1209">3.9</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-272" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1210">3.4</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-273" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1211">8.8</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-274" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1212">15.3</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-275" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1213">35.3</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-273" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1214">4.3</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-274" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1215">2.1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-275" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1216">2.3</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-276" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1217">88.1</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-277" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1218">96.5</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-278" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1219">79.1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-276" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1220">7.6</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-277" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1221">4.4</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-278" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1222">3.1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-279" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1223">32.5</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-280" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1224">33.9</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-281" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1225">36.4</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-279" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1226">0.5</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-280" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1227">0.5</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-281" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1228">0.1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-282" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1229">141.2</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-283" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1230">144.1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-284" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1231">175.7</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-282" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1232">0.8</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-283" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1233">4.3</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-284" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1234">6.5</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-285" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" 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contextRef="c-287" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1237">48.8</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-285" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" format="ixt:fixed-zero" scale="6" id="f-1238">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-286" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1239">0.4</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-287" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" format="ixt:fixed-zero" scale="6" id="f-1240">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-288" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1241">21.3</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-289" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1242">18.3</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-290" decimals="-5" name="san:DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1243">7.5</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-288" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1244">3.7</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-289" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1245">6.6</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-290" decimals="-5" name="san:DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" scale="6" id="f-1246">4.2</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, the estimated effect on the Group&#8217;s consolidated equity and on consolidated profit and loss account of a <ix:nonFraction unitRef="number" contextRef="c-2" decimals="INF" name="san:PercentageOfReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="-2" id="f-1247">1</ix:nonFraction>% depreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:20.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.250%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect&#160;on&#160;<br/>consolidated&#160;equity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect&#160;on&#160;<br/>consolidated&#160;profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-254" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1248">137.8</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-291" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1249">171.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-292" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1250">139.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-254" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1251">2.5</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-291" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1252">4.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-292" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1253">3.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-258" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1254">9.0</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-293" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1255">15.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-294" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1256">36.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-258" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1257">4.4</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-293" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1258">2.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-294" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1259">2.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-257" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1260">89.9</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-295" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1261">98.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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id="f-1263">7.7</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-295" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1264">4.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-296" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1265">3.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-253" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1266">33.1</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-297" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1267">34.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1271">0.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-255" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1272">144.0</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-299" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1273">147.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-300" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1274">179.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-255" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1275">0.9</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1277">6.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">zloty</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-259" decimals="-5" 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id="f-1281">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-301" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1282">0.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-302" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" format="ixt:fixed-zero" scale="6" id="f-1283">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-256" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1284">21.7</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-303" decimals="-5" name="san:IncreaseInConsolidatedEquityDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1285">18.7</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-256" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1287">3.8</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-303" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1288">6.7</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-304" decimals="-5" name="san:IncreaseInConsolidatedProfitDueToReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" scale="6" id="f-1289">4.2</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The above data were obtained as follows:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)&#160;&#160;&#160;&#160;Effect on consolidated equity: in accordance with the accounting policy detailed in note&#160;2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group&#8217;s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit&#8217;s assets and liabilities&#160;-including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)&#160;&#160;&#160;&#160;Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the&#160;year, as indicated in note&#160;2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">147</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_871"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-130"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-1193-4" continuedAt="f-1193-5"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i7e4cbf6a510148feb7d656255369d612"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) <ix:nonNumeric contextRef="c-1" name="san:BasisOfConsolidationPolicyPolicyTextBlock" id="f-1290" continuedAt="f-1290-1" escape="true">Basis of consolidation</ix:nonNumeric></span></div><ix:continuation id="f-1290-1" continuedAt="f-1290-2"><div style="margin-bottom:3pt;margin-top:6pt"><span id="i7ea75d2224d24132ad0d68788a875a0f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see note&#160;17). Negative differences are recognised in profit or loss on the date of acquisition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the share of third parties of Grupo Santander equity is presented under 'Non-controlling interests' in the consolidated balance sheet (see note&#160;28). Their share of the profit for the&#160;year is presented under 'Profit attributable to non-controlling interests' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The results of subsidiaries acquired during the&#160;year are included in the consolidated income statement from the date of acquisition to&#160;year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the&#160;year to the date of disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, apart from the structured consolidated entities, Grupo Santander does not control any company in which it maintains a percentage of direct participation in its share capital of less than 50% and in where other elements exist which, considered together, would grant give it decision-making power over its relevant activities. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain significant information on the subsidiaries.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i38d586ae55fc4821b1ffac137bad82be"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Interests in joint ventures</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group&#8217;s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group&#8217;s interest therein.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain relevant information on the joint ventures.</span></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1290-2" continuedAt="f-1290-3"><ix:continuation id="f-1193-5" continuedAt="f-1193-6"><div style="margin-bottom:3pt"><span id="i91876a6de5e5419ca945e452a331186a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Associates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Associates are entities over which Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander exercises significant influence if it holds 20% or more of the voting power of the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements, investments in associates are accounted for using the equity method, with the same criteria applicable to shares in joint ventures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are certain investments in entities which, although Grupo Santander owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. As of 31 December 2024 and 2023, the investment in Project Quasar Investments 2017, S.L. was in this situation, despite maintaining a <ix:nonFraction unitRef="number" contextRef="c-305" decimals="2" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" scale="-2" id="f-1291"><ix:nonFraction unitRef="number" contextRef="c-306" decimals="2" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" scale="-2" id="f-1292">49</ix:nonFraction></ix:nonFraction>% stake in the share capital. The rest of the investments are not significant for the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain significant information on the associates.</span></div></ix:continuation></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_874"></div><ix:continuation id="f-1290-3" continuedAt="f-1290-4"><ix:continuation id="f-1193-6" continuedAt="f-1193-7"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9d9e2713fdf44f24b2f9f981a1485b35"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:125%">iv. Structured entities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In some cases, Grupo Santander incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes. Those entities are called 'structured entities' and they are characterized by the fact that since the voting, or similar power is not a key factor in deciding who controls the entity. The control is determined by using internal criteria and procedures and taking into consideration the applicable legislation, as described above. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Percentage of ownership held by Grupo Santander; 20% is established as the general threshold.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect Grupo Santander ability to direct the relevant activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager&#8217;s power over the fund, and it may be concluded that the manager is acting as an agent of the investors.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Analysis of the fund manager&#8217;s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion.</span></div></ix:continuation></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">148</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-131"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1290-4"><ix:continuation id="f-1193-7" continuedAt="f-1193-8"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These structured entities also include the securitisation special purpose vehicles, which are consolidated in the case of the Special Purpose Vehicles (SPVs) over which, being exposed to variable yield, it is considered that the Group continues to exercise control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exposure associated with unconsolidated structured entities, additional to investments in the equity of investment funds (note 8), are not material with respect to the Group&#8217;s consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i0b07bb2d7be5496db27d6abd8f73d1ed"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Business combinations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Business combinations whereby Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Grupo Santander measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Any positive difference between the aforementioned items is recognised as discussed in note&#160;2.m. Any negative difference is recognised under 'Negative Goodwill' recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Goodwill is only calculated and recognised once, when control of a business or an entity is obtained.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6a769ab0d2a443dab0214ae16c9258bb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">vi. Changes in the levels of ownership interests in subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in 'Other Comprehensive income' of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss.</span></div></ix:continuation></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-1193-8" continuedAt="f-1193-9"><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_877"></div><div style="margin-bottom:3pt"><span id="ib580f35b45a145e6860563a14557fd91"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) C<ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" id="f-1293" continuedAt="f-1293-1" escape="true">lassification of financial instruments</ix:nonNumeric></span></div><ix:continuation id="f-1293-1" continuedAt="f-1293-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or an equity instrument of another entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following transactions are not treated for accounting purposes as financial instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Investments in associates and joint venture when accounted for using the equity method in accordance with IAS 28 (see note&#160;13).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Rights and obligations under employee benefit plans recognized in accordance with IAS 19 (see note&#160;25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Insurance contracts and the rights and obligations directly arising from them, within the scope of IFRS 17 (see note&#160;15).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contracts and obligations relating to employee remuneration based on own equity instruments accounted for in accordance with IFRS 2 (see note&#160;34).</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i590d74e518514c8197e9c502f9837b18"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Classification of financial assets for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Non-current assets held for sale' or they relate to 'Cash, cash balances at central banks and other deposits on demand', 'Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side)', 'Hedging derivatives and Investments', which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">How key entity staff are assessed and reported on the performance of the business model and the financial assets held in the business model.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The way in which business managers are remunerated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The frequency, the calendar and volume of sales in previous years, as well as expectations of future sales and the reasons of the sales.</span></div></ix:continuation></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">149</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-132"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1293-2" continuedAt="f-1293-3"><ix:continuation id="f-1193-9" continuedAt="f-1193-10"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The analysis of the characteristics of the contractual cash flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, contractual clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">When contractual clauses that may modify the cash flows of the financial asset exist, the structure of the cash flows before and after the activation of such clauses is analysed, regardless of the probability of occurrence of the contingent event. The evaluation of contractual flows of financial assets with characteristics associated with ESG (Environmental, Social and Governance) is included in this analysis. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitization instruments or similar structures) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of analyzed segment does not exceed the average exposure of the underlying assets of the instrument.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depending on these factors, the financial assets classify for measurement as: (i) at amortised cost, (ii) at fair value with changes in other comprehensive income or (iii) at fair value with changes through profit and loss. IFRS 9 also establishes an option to irrevocably designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses the following criteria for the classification of the financial debt instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amortised cost: financial instruments managed under a business model whose objective is to hold the financial assets to collect contractual principal and interest flows. This category includes instruments for which there are no frequent or significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, justified sales are considered to be those related to an (i) increase in the credit risk of the asset, (ii) unanticipated funding needs (stress case scenarios) and (iii) those close to maturity . Additionally, the characteristics of its contractual flows represent substantially a 'basic financing agreement'.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a relevant factor in their management. Additionally, the contractual cash flow characteristics substantially represent a 'basic financing agreement'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value with changes in profit or loss: financial instruments included in a business model different from the above, where fair value is a key element in the management of these assets, and the contractual flows of the financial instruments do not substantially represent a 'basic financing agreement'. In this section it can be enclosed the portfolios classified under 'Financial assets held for trading', 'Non-trading financial assets mandatorily at fair value through profit or loss' and 'Financial assets at fair value through profit or loss'. In this regard, most of the financial assets presented in the category of 'Financial assets designated at value reasonable with change in results' are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of 'held for trading', and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Equity instruments will be classified at fair value under  IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) at initial recognition.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i75e15d8a121c42389acae969af7f386c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Classification of financial assets for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash, cash balances at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and other credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities or securitized, as well as the finance lease receivables and other debit balances of a financial nature in favour of the Group such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions on the stock exchange and organised markets, bonds given in cash, capital calls, fees and commissions receivable for financial guarantees and debit balances arising from transactions not originating in banking transactions and services, such as the collection of rentals and similar items. They are classified, on the basis of the institutional sector to which the debtor belongs, into:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Central banks: credit of any nature, including deposits and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Credit institutions: credit of any nature, including deposits and money market transactions, in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Customers: includes the remaining credit, including money market transactions through central counterparties.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">150</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-133"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1293-3" continuedAt="f-1293-4"><ix:continuation id="f-1193-10" continuedAt="f-1193-11"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Debt securities: bonds and other securities that represent a debt for their issuer, that that accrue interest or equivalent returns implemented in securities or in book entries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Equity instruments: financial instruments issued by other entities, such as shares, which have the nature of equity instruments for the issuer, other than investments in subsidiaries, joint ventures or associates. Investment fund units are included in this item.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives: includes the fair value in favour of the Group of derivatives which do not form part of hedge accounting, including embedded derivatives separated from hybrid financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repurchase agreements and reverse repurchase agreements: Purchases of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing granted, based on the nature of the debtor, under 'Loans and advances with central banks', 'Loans and advances to credit institutions' or 'Loans and advances to customers. Differences between the purchase and sale prices are recognised as interest over the contract term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts credited to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging derivatives: Includes the fair value in favour of the Group of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i952b7f66652e48e18b7d90035a398d34"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Classification of financial liabilities for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Liabilities associated with non-current assets held for sale' or they relate to 'Hedging derivatives' or the changes in the fair value of hedged items in portfolio hedges of interest rate risk (liability side), which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In most cases, changes in the fair value of financial liabilities designated at fair value through profit or loss, caused by the entity's credit risk, are recognized in other comprehensive income, unless this treatment results in an accounting asymmetry, in which case the full effect is recognized in the profit or loss for the period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are included for measurement purposes in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities held for trading (at fair value through profit or loss): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices, financial derivatives not designated in accounting hedging relationships, and financial liabilities arising from the outright sale of financial assets temporarily acquired or received on loan (short positions).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities designated at fair value through profit or loss: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognising the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group&#8217;s key management personnel. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Liabilities may only be included in this category on the date when they are incurred or originated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities at amortised cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic42f3195efbe4dd89e54cecd83316288"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Classification of financial liabilities for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Deposits: includes all repayable balances received in cash by Grupo Santander, other than those instrumented as marketable securities and those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors), except for the debt instruments issued. This item also includes cash bonds and cash consignments received the amount of which may be invested without restriction. Deposits are classified on the basis of the creditor&#8217;s institutional sector into:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Central banks: deposits of any nature, including credit received and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Credit institutions: deposits of any nature, including credit received and money market transactions in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Customer: includes the remaining deposits, including money market transactions through central counterparties.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Marketable debt securities: includes the amount of bonds, debentures and other debt represented by marketable securities, other than those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors, and includes the amount of the financial instruments issued by the Group which, having the legal nature of capital, do not meet the requirements to qualify as equity, such as certain preferred shares issued). This item includes the component that has the consideration of financial liability of the securities issued that are compound financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives: includes the fair value, with a negative balance for the Group, of derivatives, including embedded derivatives  separated from the host contract, which do not form part of hedge accounting.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">151</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-134"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-1293-4" continuedAt="f-1293-5"><ix:continuation id="f-1193-11" continuedAt="f-1193-12"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Short positions: includes the amount of financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements or borrowed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other financial liabilities: includes the amount of payment obligations having the nature of financial liabilities not included in other items (includes, among others, the balance of lease liabilities recognized in accordance with IFRS 16), and liabilities under financial guarantee contracts, unless they have been classified as non-performing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repurchase agreements and reverse repurchase agreements: Sales of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing received, based on the nature of the creditor, under 'Deposits from central banks', 'Deposits from credit institutions' or 'Customer deposits'. Differences between the purchase and sale prices is recorded as interest accrued over the life of the contract, using the effective interest rate method.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts charged to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging derivatives: includes the fair value of the Group&#8217;s liability in respect of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (PPCC) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses are recognised for accounting purposes by the Group as compound instruments in accordance with IAS 32. The liability component reflects the issuer&#8217;s obligation to deliver a variable number of shares and the equity component reflects the issuer&#8217;s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity.</span></div></div></ix:continuation></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1293-5"><ix:continuation id="f-1193-12" continuedAt="f-1193-13"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Capital perpetual preference shares (PPCA), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives embedded in other financial instruments or in other host contracts are accounted for separately as derivatives if their risks and characteristics are not closely related to those of the host contracts, provided that the host contracts are not classified as financial assets/liabilities designated at fair value through profit or loss or as 'Financial assets/liabilities held for trading'.</span></div></ix:continuation></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_880"></div><ix:continuation id="f-1193-13" continuedAt="f-1193-14"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i12d26bd077d047399b791c4737fd5e21"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" id="f-1294" continuedAt="f-1294-1" escape="true">Measurement of financial assets and liabilities and recognition of fair value changes</ix:nonNumeric></span></div><ix:continuation id="f-1294-1" continuedAt="f-1294-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this regard, IFRS 9 states that regular way purchases or sales of financial assets shall be recognised and derecognised on the trade date or on the settlement date. Grupo Santander has opted to make such recognition on the trading date or settlement date, depending on the convention of each of the markets in which the transactions are carried out. For example, in relation to the purchase or sale of debt securities or equity instruments traded in the Spanish market, securities market regulations stipulate their effective transfer at the time of settlement and, therefore, the same time has been established for the accounting record to be made.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of instruments not measured at fair value through profit and loss is adjusted by transaction costs. Subsequently, and on the occasion of each accounting close, they are valued in accordance with the following criteria:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6da3ee17554d4070864a7b7d72d7c40c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Measurement of financial assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are measured at fair value are valued mainly at their fair value without deducting any transaction cost for their sale.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of a financial instrument on a given date is taken to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The most objective and common reference for the fair value of a financial instrument is the price that would be paid for it on an active, transparent and deep market (quoted price or market price). At 31 December 2025, there were no significant investments in quoted financial instruments that had ceased to be recognised at their quoted price because their market could not be deemed to be active.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If there is no market price for a given financial instrument, its fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, of valuation techniques commonly used by the international financial community, taking into account the specific features of the instrument to be measured and, particularly, the various types of risk associated with it.</span></div></ix:continuation></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">152</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-135"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1294-2" continuedAt="f-1294-3"><ix:continuation id="f-1193-14" continuedAt="f-1193-15"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All derivatives are recognised in the balance sheet at fair value from the trade date. If the fair value is positive, they are recognised as an asset and if the fair value is negative, they are recognised as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in the consolidated income statement. Specifically, the fair value of financial derivatives traded in organised markets included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price and if, for exceptional reasons, the quoted price cannot be determined on a given date, these financial derivatives are measured using methods similar to those used to measure derivatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of derivatives is taken to be the sum of the future cash flows arising from the instrument, discounted to present value at the date of measurement (present value or theoretical close) using valuation techniques commonly used by the financial markets: net present value, option pricing models and other methods.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount of debt securities and loans and advances under a business model whose objective is to collect the principal and interest flows are valued at their amortised cost, as long as they comply with the 'SPPI' (Solely Payments of Principal and Interest) test, using the effective interest rate method in their determination. Amortised cost refers to the acquisition cost of a corrected financial asset or liability (more or less, as the case may be) for repayments of principal and the part systematically charged to the consolidated income statement of the difference between the initial cost and the corresponding reimbursement value at expiration. In the case of financial assets, the amortised cost includes, in addition, the corrections to their value due to the impairment. In the loans and advances covered in fair value hedging transactions, the changes that occur in their fair value related to the risk or the risks covered in these hedging transactions are recorded.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective interest rate is the discount rate that exactly matches the carrying amount of a financial instrument to all its estimated cash flows of all kinds over its remaining life. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For fixed rate financial instruments, the effective interest rate coincides with the contractual interest rate established on the acquisition date plus, where applicable, the fees and transaction costs that, because of their nature, form part of their financial return. In the case of floating rate financial instruments, the effective interest rate coincides with the rate of return prevailing in all connections until the next benchmark interest reset date.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Equity instruments and contracts related with these instruments are measured at fair value. However, in certain circumstances the Group estimates cost value as a suitable estimate of the fair value. This can happen if the recent event available information is not enough to measure the fair value or if there is a broad range of possible measures and the cost value represents the best estimates of fair value within this range.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts at which the financial assets are recognised represent, in all material respects, the Group&#8217;s maximum exposure to credit risk at each reporting date. Also, Grupo Santander has received collateral and other credit enhancements to mitigate its exposure to credit risk, which consist mainly of mortgage guarantees, cash collateral, equity instruments and personal security, assets leased out under finance lease and full-service lease agreements, assets acquired under repurchase agreements, securities loans and credit derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i089c47b8db924ec587c4a69d5a551897"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Measurement of financial liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, financial liabilities are measured at amortised cost, as defined above, except for those included under 'Financial liabilities held for trading' and 'Financial liabilities designated at fair value through profit or loss' and financial liabilities designated as hedged items (or hedging instruments) in fair value hedges, which are measured at fair value. The changes in credit risk arising from financial liabilities designated at fair value through profit or loss are recognised in accumulated other comprehensive income, unless they generate or increase an accounting mismatch, in which case changes in the fair value of the financial liability in all respects are recognised in the income statement.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibfbb4be27e0e4658adbe6a8ba97a7204"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Valuation techniques</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial instruments at fair value determined on the basis of published price quotations in active markets (level 1) include government debt securities, private-sector debt securities, derivatives traded in organised markets, securitised assets, shares, short positions and fixed-income securities issued.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In cases where price quotations cannot be observed, management makes its best estimate of the price that the market would set, using its own internal models, described in note 50. In most cases, these internal models use data based on observable market parameters as significant inputs (level 2) and, in cases, they use significant inputs not observable in market data (level 3). In order to make these estimates, various techniques are employed, including the extrapolation of observable market data. The best evidence of the fair value of a financial instrument on initial recognition is the transaction price, unless the fair value of the instrument can be obtained from other market transactions performed with the same or similar instruments or can be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if09e92b9825644f9b9a015a0aa4d755d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Recognition of fair value changes</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a general rule, changes in the carrying amount of financial assets and liabilities are recognised in the consolidated income statement. A distinction is made between the changes resulting from the accrual of interest and similar items, (which are recognised under Interest income or Interest expense, as appropriate), and those arising for other reasons, which are recognised at their net amount under 'Gains/losses on financial assets and liabilities'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Adjustments due to changes in fair value arising from:</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">153</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-136"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1294-3" continuedAt="f-1294-4"><ix:continuation id="f-1193-15" continuedAt="f-1193-16"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'Financial assets at fair value with changes in other comprehensive income' are recorded temporarily, in the case of debt instruments in 'Other comprehensive income - Elements that can be reclassified to profit or loss - Financial assets at fair value with changes in other comprehensive income', while in the case of equity instruments are recorded in 'other comprehensive income - Elements that will not be reclassified to line item - Changes in the fair value of equity instruments valued at fair value with changes in other comprehensive income'. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange differences on debt instruments measured at fair value with changes in other comprehensive income are recognised under 'Exchange Differences, net' of the consolidated income statement. Exchange differences on equity instruments, in which the irrevocable option of being measured at fair value with changes in other comprehensive income has been chosen, are recognised in 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Items charged or credited to 'Items that may be reclassified to profit or loss &#8211; Financial assets at fair value through other comprehensive income' and 'Other comprehensive income &#8211; Items that may be reclassified to profit or loss &#8211; Exchange differences in equity' remain in the Group's consolidated equity until the asset giving rise to them is impaired or derecognised, at which time they are recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Unrealized capital gains on financial assets at fair value through other comprehensive income classified as 'Non-current assets held for sale' because they form part of a disposal group or a discontinued operation that  are recorded in the equity balancing entry 'Other accumulated comprehensive income - Items that can be reclassified in income - Non-current assets as held for sale.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4d94ffbbf7344ed5ade54eb8bad38462"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Hedging transactions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The objective of hedge accounting is to represent in the financial statements the effect of an entity's risk management activities when it uses financial instruments to manage exposures arising from specific risks that could affect profit or loss or other comprehensive income (in the case of investments in equity instruments for which the entity has opted to represent changes in the fair value of other comprehensive income).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As described in Note 1.b, the Group has adopted IFRS 9 for hedge accounting prospectively, while continuing to apply IAS 39 for fair value hedges in portfolios where the hedged risk is interest rate risk. This change has not resulted in any modifications to the accounting treatment of hedges designated under IAS 39, which remain unchanged in both their designation and accounting treatment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For a hedging relationship to meet the requirements set out in IFRS 9, it must meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.&#160;&#160;&#160;&#160;Instruments that can be designated as hedging instruments include all derivative financial instruments or non-derivative financial instruments measured at fair value through profit or loss, or a combination thereof. In the case of foreign exchange risk hedges, any type of non-derivative financial instrument can also be designated, regardless of its measurement method.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2. Items that can be designated as covered items are all those that are recognized assets or liabilities, firm commitments, highly probable anticipated transactions, and net investments abroad.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.&#160;&#160;&#160;&#160;At the start of coverage, a formal designation and documentation of the hedging relationship must be made, which will include the entity's risk management strategy and objective, identification of the hedging instrument and the covered item, the nature of the covered risk, the methodology for measuring effectiveness, which includes an analysis of the sources of ineffectiveness, and the coverage ratio.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main sources of ineffectiveness based on the risk covered are:</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a. Interest rate risk: mismatches in time horizons, principal, repricing and payment dates, time value of options, modifications in the hedged item or the hedging instrument.</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b. Exchange rate risk: in addition to the above, the difference between the interest rates of the two currencies that represents the net cost or benefit of switching cash flows between two currencies with different interest rates.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">4. The hedging relationship must be effective, for which there must be an economic relationship between the hedged item and the hedging instrument, credit risk must not have a dominant effect on changes in the value of the economic relationship between the hedging instrument and the hedged item, and the hedging ratio must coincide with that used by the entity in its management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group assesses these effectiveness requirements, at the time of designation and on each submission date, through:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The economic relationship between the hedged item and the hedging instrument is demonstrated through a qualitative test, and in the event of non-compliance, through quantitative tests that compare the market value of the hedged items&#8212;corresponding to the hedged risk&#8212;and the hedging instruments. Likewise, a quantitative analysis of variations in the market values of the hedging instrument and the hedged item is performed prospectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The hedge ratio is determined based on the proportion between the amount of the hedged item and the amount of the instrument actually designated by the Group in each hedging relationship.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> The credit risk domain assessment is performed through an analysis of the credit exposure of the hedged items and the hedging instruments.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">154</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-137"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1294-4"><ix:continuation id="f-1193-16" continuedAt="f-1193-17"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accounting hedges are classified and recorded according to the type of risk they cover, based on the following criteria:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value hedges: These are hedges against exposure to changes in the fair value of the hedged item, attributable to a specific risk.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The differences arising from both the hedging instruments and the hedged items (due to the hedged risk) are recognized directly in the consolidated profit and loss account.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the fair value hedge is discontinued, the adjustments previously recorded in the hedged item are charged to profit or loss using the effective interest rate method recalculated at the date the hedge ceases to be covered, and must be fully amortized at maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In fair value hedges of interest rate risk of a portfolio of financial instruments (macro hedges), regulated by IAS 39, the gains or losses arising from the valuation of the hedging instruments are recognized directly in the consolidated profit and loss account, while the gains or losses due to changes in the fair value of the hedged amount (attributable to the hedged risk) are recognized in the consolidated profit and loss account using as a counterpart the headings 'Changes in the fair value of hedged items' of a portfolio with interest rate risk hedge (asset or liability), as appropriate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flow hedges: These are hedges against exposure to changes in cash flows attributable to a specific risk associated with the hedged item.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective portion of the change in the value of the hedging instrument is temporarily recorded in the equity account 'Other accumulated comprehensive income - Items that may be reclassified in profit or loss - Hedging derivatives. Cash flow hedges (effective portion)' until the hedged item affects profit or loss. From that point onward, it will be recorded in the consolidated profit or loss account for the same period as the hedged item, except in cases where it is required to be included in the cost of the non-financial asset or liability, or the anticipated transactions are ultimately recognized as non-financial assets or liabilities.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When cash flow hedges are discontinued, the accumulated result of the hedging instrument recognized in the equity heading 'Other accumulated global result' (while the hedge was effective) will continue to be recognized in that heading until the hedged transaction occurs, at which time it will be recorded in profit or loss, unless it is expected that the transaction will not take place, in which case it is recorded immediately in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net investment hedges of a foreign operation: This is a hedge of the amount corresponding to the reporting entity's share of the net assets of said operation.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective portion of the hedging instrument is temporarily recorded in the equity account 'Other accumulated comprehensive income - Items that may be reclassified in profit or loss - Net investment hedges' in foreign operations until the gains or losses on the hedged item are recognized in profit or loss.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To measure ineffectiveness, the Group compares the valuation of the hedging instrument with the valuation of the hedged item based on the hedged risk, using different methodologies such as the proxy method or the hypothetical derivative method. The ineffective portion of the cash flow and net investment hedge relationships in foreign operations is recorded directly in the consolidated profit and loss account, under the heading 'Net gains or losses from hedge accounting'. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group discontinues accounting for hedging relationships when the hedging instrument expires, is sold, or when the hedging relationship becomes ineffective because it is no longer aligned with the risk management objective. In that case, the derivative is then treated as a trading derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If a hedging relationship ceases to meet the effectiveness requirements, but the risk management objective remains, the Group will assess whether to rebalance or adjust the hedging ratio to meet the effectiveness requirements again without discontinuing the hedging relationship.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A hedging instrument is generally designated in its entirety, as the factors contributing to its fair value are interdependent. However, IFRS 9 allows certain parts of a hedging instrument to be excluded from its fair value:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">Separating the intrinsic value and the time value of an option and designating only the intrinsic element as the hedging instrument, which is mandatory if the intrinsic value is designated;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">Separating the forward and spot elements of a forward contract and designating only the spot element as the hedging instrument, which will be determined for each hedging relationship. and</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.48pt">Separate the foreign currency basis spread of a currency derivative and exclude it from the designation of the hedging instrument, as determined for each hedging relationship.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Separating these components will improve the effectiveness of the hedge and allows for alternative accounting treatment for the excluded component. This treatment consists of recording the changes in value under the heading 'Other accumulated comprehensive income &#8211; Undesignated items' and recording this component in the consolidated profit or loss statement, depending on the nature of the hedged item, either over a period of time or at the time the hedged transaction occurs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, if the entity manages the credit risk of all or part of a financial instrument through the use of credit derivatives, there is the option of designating a fair value credit exposure through profit or loss, provided that the derivative matches the name and priority of the financial instrument being hedged. This designation may be made at the initial recognition of the designated financial instrument or subsequently, with the designation being documented. From its designation, fair value variations (for all its risks, not exclusively credit risk) will be recorded in the consolidated profit and loss account.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">155</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-138"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-17" continuedAt="f-1193-18"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia49f64f506d54190ae2cf84f69d636a8"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" id="f-1295" continuedAt="f-1295-1" escape="true">Derecognition of financial assets and liabilities</ix:nonNumeric></span></div><ix:continuation id="f-1295-1" continuedAt="f-1295-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accounting treatment of transfers of financial assets depends on the extent to which the risks and rewards associated with the transferred assets are transferred to third parties:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.&#160;&#160;&#160;&#160;If the Group transfers substantially all the risks and rewards to third parties unconditional -sale of financial assets, sale of financial assets under an agreement to repurchase them at their fair value at the date of repurchase, sale of financial assets with a purchased call option or written put option that is deeply out of the money, securitisation of assets in which the transferor does not retain a subordinated debt or grant any credit enhancement to the new holders, and other similar cases-, the transferred financial asset is derecognised and any rights or obligations retained or created in the transfer are recognised simultaneously.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.&#160;&#160;&#160;&#160;If the Group retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets under an agreement to repurchase them at a fixed price or at the sale price plus interest, a securities lending agreement in which the borrower undertakes to return the same or similar assets, and other similar cases-, the transferred financial asset is not derecognised and continues to be measured by the same criteria as those used before the transfer. In this case, the following items are recognised:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">An associated financial liability, which is recognised for an amount equal to the consideration received and is subsequently measured at amortised cost, unless it meets the requirements for classification under 'Financial liabilities designated at fair value through profit or loss'.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">The income from the transferred financial asset not derecognised and any expense incurred on the new financial liability, without offsetting.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.&#160;&#160;&#160;&#160;If the Group neither transfers nor retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitisation of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases- the following distinction is made:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">If the transferor does not retain control of the transferred financial asset, the asset is derecognised and any rights or obligations retained or created in the transfer are recognised.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">If the transferor retains control of the transferred financial asset, it continues to recognise it for an amount equal to its exposure to changes in value and recognises a financial liability associated with the transferred financial asset. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1295-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, financial assets are only derecognised when the rights to the cash flows they generate have expired or when substantially all the inherent risks and rewards have been transferred to third parties. Similarly, financial liabilities are only derecognised when the obligations they generate have been extinguished or when they are acquired with the intention either to cancel them or to resell them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding contractual modifications of financial assets, Grupo Santander distinguishes two main categories depending on whether the new conditions result in the disposal of the asset (and recognition of a new one) or imply the continuation of the original instrument with the new modified terms:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contractual modifications for commercial or market reasons, which are generally carried out at the request of the debtor to apply current market conditions to the debt. The new contract is considered a new transaction and, consequently, it is necessary to derecognize the original financial asset and recognize a new financial asset subject to the classification and measurement requirements established by IFRS 9. The new financial asset will be recorded at fair value and, if applicable, the difference between the carrying amount of the asset derecognized and the fair value of the new asset will be recognized in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Modifications due to refinancing or restructuring, in which the payment conditions are modified to allow a customer that is experiencing financial difficulties (current or foreseeable) to meet its payment obligations and that, if such modification had not been made, it would be reasonably certain that it would not be able to meet such payment obligations. In this case, the modification does not result in the derecognition of the financial asset, but rather the original financial asset is maintained and does not require a new assessment of its classification and measurement. When assessing credit impairment, the current credit risk (considering the modified cash flows) should be compared with the credit risk at initial recognition. The gross carrying amount of the financial asset (the present value of the renegotiated or modified contractual cash flows that are discounted at the original effective interest rate of the financial asset) should be recalculated, with a gain or loss recognized in profit or loss for the difference.</span></div></ix:continuation><div style="margin-bottom:3pt"><span id="iaaa27801cc5242f2a6e268d5b23d0dbd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" id="f-1296" continuedAt="f-1296-1" escape="true">Offsetting of financial instruments</ix:nonNumeric></span></div><ix:continuation id="f-1296-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously.</span></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4fc50b0f810d4658b2502f39b387158a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" id="f-1297" continuedAt="f-1297-1" escape="true">Impairment of financial assets</ix:nonNumeric></span></div><ix:continuation id="f-1297-1" continuedAt="f-1297-2"><div style="margin-bottom:3pt;margin-top:6pt"><span id="i283af405fc7c4a24b838197c064ca2fd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Definition</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander associates an impairment in the value to financial assets measured at amortised cost, debt instruments measured at fair value with changes in other comprehensive income, lease receivables, assets from contracts and loan commitments and the financial guarantees issued that are not measured at fair value through profit or loss.</span></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">156</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-139"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1297-2" continuedAt="f-1297-3"><ix:continuation id="f-1193-18" continuedAt="f-1193-19"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognised impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of purchased or originated credit-impaired assets, the Group only recognizes at the reporting date the changes in the expected credit losses during the life of the asset since the initial recognition as a credit loss. In the case of assets measured at fair value with changes in other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, reflecting the rest of the valuation in other comprehensive income.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be along 12 months or during the life of the financial instrument:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">12-month expected credit losses: arising from the potential default events, as defined in the following sections that are estimated to be likely to occur within the 12 months following the reporting date. These losses will be associated with financial assets classified as 'normal risk' as defined in the following sections.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Expected credit losses over the life of the financial instrument: arising from the potential default events that are estimated to be likely to occur throughout the life of the financial instruments. These losses are associated with financial assets classified as 'normal risk under watchlist' or 'doubtful risk'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. prepayments, duration, purchase options, etc.), being the contractual period (including extension options) the maximum period considered to measure the expected credit losses. In the case of financial instruments with an uncertain maturity period and a component of undrawn commitment (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, also considering the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following constitute effective guarantees:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)&#160;&#160;&#160;&#160;Mortgage guarantees on housing as long as they are first duly constituted and registered in favour of the entity. The properties include:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:9.97pt">Buildings and building elements, distinguishing among:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Houses.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Offices, stores and multi-purpose premises.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Rest of buildings such as non-multi-purpose premises and hotels.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.94pt">Urban and developable ordered land.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.91pt"> Rest of properties that classify as: buildings and building elements under construction, such as property development in progress and halted development, and the rest of land types, such as rustic lands.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)&#160;&#160;&#160;&#160;Collateral guarantees on financial instruments in the form of cash deposits, debt securities or equity instruments issued by creditworthy issuers.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)&#160;&#160;&#160;&#160;Other types of real guarantees, including properties received in guarantee and second and subsequent mortgages on properties, as long as the entity demonstrates its effectiveness. When assessing the effectiveness of the second and subsequent mortgages on properties the entity will implement particularly restrictive criteria. It will take into account, among others, whether the previous charges are in favour of the entity itself or not and the relationship between the risk guaranteed by them and the property value.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d)&#160;&#160;&#160;&#160;Personal guarantees, as well as the incorporation of new owners, covering the entire amount of the financial instruments and implying direct and joint liability to the entity of persons or other entities whose solvency is sufficiently proven to ensure the repayment of the loan on the agreed terms.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The different aspects that the Group considers for the evaluation of effective guarantees are set out below in relation to the individual analysis.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i31f6193db9db45db9ab2d4646cdb5ac2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Financial instruments presentation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of estimating the impairment amount, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, commitments and guarantees) measured at amortised cost or fair value through other comprehensive income in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Normal Risk ('stage 1'): includes all instruments that do not meet the requirements to be classified in the rest of the categories.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Normal risk under watchlist ('stage 2'): includes all instruments that, without meeting the criteria for classification as doubtful or default risk, have experienced significant increases in credit risk since initial recognition.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfCreditRiskExplanatory" id="f-1298" continuedAt="f-1298-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria:</span></div></ix:nonNumeric></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">157</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-140"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1297-3" continuedAt="f-1297-4"><ix:continuation id="f-1193-19" continuedAt="f-1193-20"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1298-1"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:18.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:79.147%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Quantitative criteria</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Qualitative criteria</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:110%">In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.).<br/>The use of these qualitative criteria is complemented with the use of an expert judgement, under the corresponding governance.</span></div></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of forbearances, instruments classified as 'normal risk under watchlist' may be generally reclassified to 'normal risk' in the following circumstances: at least two years have elapsed from the date of reclassification to that category or from its forbearance date, the client has paid the accrued principal and interest balance, and the client has no other instruments with more than 30 days past due balances.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Doubtful Risk ('stage 3'): includes financial instruments, overdue or not, in which, without meeting the circumstances to classify them in the category of default risk, there are reasonable doubts about their total repayment (principal and interests) by the client in the terms contractually agreed. Likewise, off-balance-sheet exposures whose payment is probable and their recovery doubtful are considered in stage 3. Within this category, two situations are differentiated:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Doubtful risk for non-performing loans: financial instruments, irrespective of the client and guarantee, with balances more than 90 consecutive days on material arrears for principal, interest or expenses contractually agreed. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This category also includes all loan balances for a client  when the operations with more than 90 consecutive days on material arrears are greater than 20% of the amounts pending collection. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These instruments may be reclassified to other categories if, as a result of the collection of part of the past due balances, the reasons for their classification in this category do not remain and the client does not have balances more than 90 consecutive days on material arrears in other loans.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Doubtful risk for reasons other than non-performing loans: this category includes doubtful recovery financial instruments that are not more than 90 consecutive days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander considers that a financial instrument to be doubtful for reasons other than delinquency when one or more combined events have occurred with a negative impact on the estimated future cash flows of the financial instrument. To this end, the following indicators, among others, are considered:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.31pt">Negative net equity or decrease because of losses of the client's net equity by at least 50% during the last financial year.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Continued losses or significant decrease in revenue or, in general, in the client's recurring cash flows.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.92pt">Generalised delay in payments or insufficient cash flows to service debts.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Significantly inadequate economic or financial structure or inability to obtain additional financing by the client.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">e)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.25pt">Existence of an internal or external credit rating showing that the client is in default.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">f)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.73pt">Existence of overdue customer commitments with a significant amount to public institutions or employees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These financial instruments may be reclassified to other categories if, as a result of an individualised study, reasonable doubts do not remain about the total repayment under the contractually agreed terms and the client does not have balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of forbearances, instruments classified as doubtful risk may be reclassified to the category of 'normal risk under watchlist' when the following circumstances are present: a minimum period of one year has elapsed from the forbearance date, the client has paid the accrued principal and interest amounts, and the client has no other loan balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Default Risk: includes all financial assets, or part of them, for which, after an individualised analysis, their recovery is considered remote due to a notorious and irrecoverable deterioration of their solvency.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In any event, except in the case of financial instruments with effective collateral covering a substantial portion of the transaction amount, the Group generally consider as remote the following:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Those operations that, after an individualized analysis, are categorized as unsustainable debt, assuming an irrecoverability of such debt.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Transactions classified as doubtful due to non-performing loans with recovery costs that exceed the amounts receivable.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- The operations on which the award is executed. The queue of these operations shall be included under default risk, as the recovery of the flows, provided that no further guarantees associated with the operation remain after the award of the property.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">158</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-141"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1297-4" continuedAt="f-1297-5"><ix:continuation id="f-1193-20" continuedAt="f-1193-21"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Those operations on which a deduction is made, the portion of the operation corresponding to that deduction, will be given as a balance at the time of signature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A financial asset amount is maintained in the balance sheet until they are considered as a 'default risk', either all or a part of it, and the write-off is registered against the balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of operations that have only been partially derecognised, for forgiveness reasons or because part of the total balance is considered unrecoverable, the remaining amount shall be fully classified in the category of 'doubtful risk', except where duly justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The classification of a financial asset, or part of it, as a 'default risk' does not involve the disruption of negotiations and legal proceedings to recover the amount.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iccd172da29b94981aac9cadfebbc7e65"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Impairment valuation assessment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has policies, methods and procedures in place to hedge its credit risk, both due to the insolvency attributable to counterparties and its residence in a specific country. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These policies, methods and procedures are applied in the concession, study and documentation of financial assets, commitments and guarantees, as well as in the identification of their impairment and in the calculation of the amounts needed to cover their credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The impairment represents the best estimation of the financial assets expected credit losses at the balance sheet date, assessed both individually and collectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Individually: for the purposes of estimating the provisions for credit risk arising from the insolvency of a financial instrument, the Group individually assesses impairment by estimating the expected credit losses on those financial instruments that are considered to be significant and with sufficient information to make such an estimate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, this classification mostly includes wholesale banking customers &#8212;Corporations, specialised financing&#8212; as well as some of the largest companies &#8212;Chartered and real estate developers&#8212; from retail banking. The determination of the perimeter in which the individualised estimate is applied is detailed in a later section.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows receivable discounted using the original effective interest rate of the transaction. The estimate of these cash flows takes into account all available information on the financial asset and the effective guarantees associated with that asset. This estimation process is detailed below.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Collectively: the Group also assesses impairment by estimating the expected credit losses collectively in cases where they are not assessed on an individual basis. This includes, for example, loans with individuals, sole proprietors or businesses in retail banking  subject to a standardised risk management.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of the collective assessment of expected credit losses, the Group has consistent and reliable internal models. For the development of these models, instruments with similar credit risk characteristics that are indicative of the debtors' capacity to pay are considered.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander performs retrospective and monitoring tests to evaluate the reasonableness of the collective estimate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On the other hand, the methodology required to estimate the expected credit loss due to credit events is based on an unbiased and weighted consideration by the probability of occurrence of a series of scenarios, considering a range of three to five possible future scenarios, depending on the characteristics of each unit, which could have an impact on the collection of contractual cash flows, always taking into account the time value of money, as well as all available, reasonable and sustainable information on past events, current conditions and forecasts of the evolution of macroeconomic scenarios that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimation of expected losses requires expert judgment and the support of historical, current and future information. The probability of loss is measured considering past events, the present situation and future trends of macroeconomic scenarios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses forward-looking information in both internal risk management and prudential regulation processes, so that for the calculation of the impairment loss allowance, various scenarios are incorporated that take advantage of the experience with such information, thus ensuring consistency in obtaining the expected loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The complexity of the estimation in this exercise has been derived from the current macroeconomic scenario as a consequence of the complex geopolitical situation, as well changes in inflations levels and interest rates, which has generated uncertainty in economic evolution.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has internally ensured the criteria to be followed for guarantees received from government bodies, both through credit lines and other public guarantees, so that when they are adequately reflected in each of the contracts, they are recognised as mitigating factors of the potential expected losses, and therefore of the provisions to be recognised, based on the provisions of the applicable standard (IFRS 9 Par. B5.5.55). Furthermore, where applicable, these guarantees are appropriately reflected in the mitigation of the significant increase in risk, considering their nature as personal guarantees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of the parameters used in the estimation of impairment provisions -EAD (exposure at default), PD (probability of default), LGD (loss given default)-, the Group based its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment provision models under IFRS 9.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">159</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-142"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1297-5" continuedAt="f-1297-6"><ix:continuation id="f-1193-21" continuedAt="f-1193-22"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Exposure at default: is the amount of estimated risk incurred at the time of the counterparty's analysis.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Probability of default: is the estimated probability that the counterparty will default on its principal and/or interest payment obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loss given default: is the estimate of the severity of the loss incurred in the event of non-compliance. It depends mainly on the updating of the guarantees associated with the operation and the future cash flows that are expected to be recovered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In any case, when estimating the flows expected to be recovered, portfolio sales are included. It should be noted that due to the Group's recovery policy and the experience observed in relation to the prices of past sales of assets classified as stage 3 and/or default risk, there is no substantial divergence between the flows obtained from recoveries after performing recovery management of the assets with those obtained from the sale of portfolios of assets discounting structural expenses and other costs incurred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The definition of default implemented by the Group for the purpose of calculating the impairment provision models is based on the definition in Article 178 of Regulation 575/2013 of the European Union (CRR), which is fully aligned with the requirements of IFRS 9, which considers that a 'default' exists in relation to a specific customer/contract when at least one of the following circumstances exists: the entity considers that there are reasonable doubts about the payment of all its credit obligations or that the customer/contract is in an irregular situation for more than 90 consecutive days past due material balances with respect to any significant credit obligation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander aligned partially and voluntarily during 2022 the accounting definition of Stage 3, as well as the calculation of impairment provision models, to the New Definition of Default, incorporating the criteria defined by the EBA in its implementation guide of the definition of default, capturing the economic deterioration of the operations (days in default - on a daily basis - and materiality thresholds - minimum amount in arrears). The alignment of criteria was done taking into account the criteria of IFRS 9 as well as the accounting principles of unbiased presentation of financial information. Grupo Santander registered an increase in the default rate at around <ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:DefaultRateExpectedIncreasePercentage" scale="-4" id="f-1299">19</ix:nonFraction> basis points, with <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ImpactOnCreditRiskProvision" format="ixt:fixed-zero" scale="0" id="f-1300">no</ix:nonFraction> material impact on the provision figures for credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group considers the risk generated in all cross-border transactions due to circumstances other than the usual commercial risk of insolvency (sovereign risk, transfer risk or risks arising from international financial activity, such as wars, natural catastrophes, balance of payments crisis, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 9 includes a series of practical solutions that can be implemented by entities, with the aim of facilitating its implementation. In order to achieve a complete and high-level implementation of the standard, and following the best practices of the industry, the Group applies these practical solutions adapting them to their own characteristics and circumstances:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Rebuttable presumption that the credit risk has increased significantly, when payments are more than 30 days past due: this threshold is used as an additional, but not primary, indicator of significant risk increase. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Assets with low credit risk at the reporting date: the Group adopts this practice prioritizing its reduced and punctual use and its systematic and periodic justification through quantitative evidence. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This information is provided in more detail in note 54.b.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9c52c0a773f8484bac5280424038dcc7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Detail of individual estimate of impairment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the individual estimate of the assessment for impairment of the financial asset, the Group has a specific methodology to estimate the value of the cash flows expected to be collected:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Recovery through the debtor's ordinary activities (going approach).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Recovery through the execution and sale of the collateral guaranteeing the operations (gone approach).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gone approach:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a. Evaluation of the effectiveness of guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the effectiveness of all the guarantees associated considering the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The time required to execute these guarantees.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Grupo Santander's ability to enforce or assert these guarantees in its favour.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The existence of limitations imposed by each local unit&#180;s regulation on the foreclosure of collateral.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under no circumstances the Group considers that a guarantee is effective if its effectiveness depends substantially on the solvency of the debtor, as could be the case:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Promises of shares or other securities of the debtor himself when their valuation may be significantly affected by a debtor's default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Personal cross-collateralisation: when the guarantor of a transaction is, at the same time, guaranteed by the holder of that transaction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The different types of effective guarantees have been detailed in section i. Definition</span></div><div style="margin-bottom:6pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b. Valuation of guarantees</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the guarantees on the basis of their nature in accordance with the following:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Mortgage guarantees on properties associated with financial instruments, using complete individual valuations carried out by independent valuation experts and under generally accepted valuation standards. If this is not possible, alternative valuations are used with duly documented and approved internal valuation models.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Personal guarantees are valued individually on the basis of the guarantor&#180;s updated information.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The rest of the guarantees are valued based on current market values.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">160</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-143"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-22" continuedAt="f-1193-23"><div style="width:100.000%"><ix:continuation id="f-1297-6" continuedAt="f-1297-7"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies a series of adjustments to the value of the guarantees in order to improve the reference values:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Adjustments based on the historical sales experience of local units for certain types of assets.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Individual expert adjustments based on additional management information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, to adjust the value of the guarantees, the time value of money is taken into account based on the historical experience of each of the units, estimating:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Period of adjudication.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated time of sale of the asset.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group takes into account all those cash inflows and outflows linked to that guarantee until it is sold:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Possible future income commitments in favour of the borrower which will available after the asset is awarded.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated foreclosure costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Asset maintenance costs, taxes and community costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated marketing or sales costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, since it is considered that the guarantee will be sold in the future, the Group applies an additional adjustment ('index forward') in order to adjust the value of the guarantees to future valuation expectations.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i51a0b477e28c414aa9b7a3fe6148a03a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Impairment individual assessment scope</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander determines the perimeter over which it makes an estimate of the assessment for impairment on an individual basis based on a relevance threshold set by each of the geographical areas and the stage in which the operations are located. In general, the Group applies the individualised calculation of expected losses to the significant exposures classified in stage 3, although Banco Santander, S.A. has also extended its analyses to some of the exposures classified in stage 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">It should be noted that, in any case and irrespective of the stage in which their transactions are carried out, for customers who do not receive standardised treatment, a relational risk management model is applied, with individualised treatment and monitoring by the assigned risk analyst. In addition to wholesale customers (Santander Corporate &amp; Investment Banking or SCIB) and large companies, this relational management model also includes other segments of smaller companies for which there is information and capacity for more personalised and expert analysis and monitoring.  As indicated in the Group's wholesale credit model, the individual treatment of the client facilitates the continuous updating of information. The risk assumed must be followed and monitored throughout its life cycle, enabling anticipation and action to be taken in the event of possible impairments. In this way, the customer's credit quality is analysed individually, taking into account specific aspects such as his competitive position, financial performance, management, etc. In the wholesale risk management model, every customer with a credit risk position is assigned a rating, which has an associated probability of customer default. </span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1297-7"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Thus, individual analysis of the debtor triggers a specific rating for each customer, which determines the appropriate parameters for calculating the expected loss, so that it is the rating itself that initially modulates the necessary coverage, adjusting the severity of the possible loss to the guarantees and other mitigating factors that the customer may have available. In addition, if as a result of this individualised monitoring of the customer, the analyst finally considers that his coverage is not sufficient, he has the necessary mechanisms to adjust it under his expert judgement, always under the appropriate governance.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0fd588b877bf487e8eb78d75630d1597"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">h) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" id="f-1301" continuedAt="f-1301-1" escape="true">'Non-current assets' and 'liabilities associated with non-current assets held for sale'</ix:nonNumeric></span></div><ix:continuation id="f-1301-1" continuedAt="f-1301-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Non-current assets held for sale' includes the carrying amount of individual items, disposal groups or items forming part of a business unit earmarked for disposal (discontinued operations), whose sale in their present condition is highly likely to be completed within one&#160;year from the reporting date. Therefore, the recovery of the carrying amount of these items&#160;-which can be of a financial nature or otherwise- will foreseeably be effected through the proceeds from their disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Specifically, property or other non-current assets received by the consolidated entities as total or partial settlement of their debtors&#8217; payment obligations to them are deemed to be 'Non-current assets held for sale', unless the consolidated entities have decided to make continuing use of these assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Liabilities associated with non-current assets held for sale' includes the balances payable arising from the assets held for sale or disposal groups and from discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Non-current assets and disposal groups of items that have been classified as held for sale' are generally recognised at the date of their allocation to this category and are subsequently valued at the lower of their fair value less costs to sell or its book value. 'Non-current assets and disposal groups of items that are classified as held for sale' are not amortised as long as they remain in this category.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The valuation of the portfolio of non-current assets held for sale has been made in compliance with the requirements of International Financial Reporting Standards in relation to the estimate of the fair value of tangible assets and the value-in-use of financial assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The value of the portfolio is determined as the sum of the values of the individual elements that compose the portfolio, without considering any total or batch grouping in order to correct the individual values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of its consideration in initial recognition, the Group obtains, at the time of award, the fair value of the corresponding asset by requesting an appraisal from external valuation agencies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has in place a corporate policy that ensures the professional competence and the independence and objectivity of the external appraisal agencies, in accordance with the regulations, which require appraisal agencies to meet independence, neutrality and credibility requirements, so that the use of their estimates does not reduce the reliability of its valuations. </span></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">161</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-144"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1301-2" continuedAt="f-1301-3"><ix:continuation id="f-1193-23" continuedAt="f-1193-24"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This policy establishes that all the appraisal companies and agencies with which the Group works in Spain should be registered in the Official Register of the Bank of Spain and that the appraisals performed by them should follow the methodology established in Order ECO/805/2003, of 27 March. The main appraisal companies and agencies with which the Group worked in Spain in 2025 are as follows: Tinsa Tasaciones Inmobiliarias, S.A.U., Sociedad de Tasaci&#243;n, S.A., Global Valuation, S.A.U., Instituto de Valoraciones, S.A., Euroevaluaciones, S.A. and Valoraciones Mediterr&#225;neo, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, this policy establishes that the various subsidiaries abroad work with appraisal companies that have recent experience in the area and the type of asset under appraisal and meet the independence requirements established in the corporate policy. They should verify, inter alia, that the appraisal company is not a party related to the Group and that its billings to the Group in the last twelve&#160;months do not exceed <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:MaximumBillingsPercentage" scale="-2" id="f-1302">15</ix:nonFraction>% of the appraisal company&#8217;s total billings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:UnrealizedGainLossOfFairValueLessCostsToSellOfNonCurrentAssetsHeldForSale" scale="6" id="f-1303">551</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:UnrealizedGainLossOfFairValueLessCostsToSellOfNonCurrentAssetsHeldForSale" scale="6" id="f-1304">553</ix:nonFraction> million at 31 December 2024); however, in accordance with the accounting standards, this unrealised gain could not be recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, in compliance with Bank of Spain Circular 4/2017, and subsequent amendments, on public and private financial reporting standards and financial statement models, has developed a methodology that enables it to estimate the fair value and costs of sale of assets foreclosed or received in payment of debts. This methodology is based on the classification of the portfolio of foreclosed assets into different segments. Segmentation enables the intrinsic characteristics of Banco Santander's portfolio of foreclosed assets to be differentiated, so that assets with homogeneous characteristics are grouped by segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Thus, the portfolio is segmented into (i) finished assets of a residential and tertiary nature, (ii) developments in progress and (iii) land.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">1</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">In determining the critical segments in the overall portfolio, assets are classified on the basis of the nature of the asset and its stage of development. This segmentation is made in order to seek the liquidation of the asset (which should be carried out in the shortest possible time).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When making decisions, the situation and/or characteristics of the asset are fundamentally taken into account, as well as the evaluation of all the determining factors that favour the recovery of the debt. For them, the following aspects are analyzed, among others:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The time that has elapsed since the adjudication.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The transferability and contingencies of the foreclosed asset.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The economic viability from the real estate point of view with the necessary investment estimate.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The expenses that may arise from the marketing process.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The offers received, as well as the difficulties in finding buyers.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of real estate assets foreclosed in Spain, which represent <ix:nonFraction unitRef="number" contextRef="c-307" decimals="2" name="san:NonCurrentAssetsClassifiedAsHeldForSalePercentage" scale="-2" id="f-1305">76</ix:nonFraction>% of the Group&#8217;s total non-current assets held for sale, the valuation of the portfolio is carried out by applying the following models:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market Value Model used in the valuation of finished properties of a residential nature (mainly homes and car parks) and properties of a tertiary nature (offices, commercial premises and multipurpose buildings). For the valuation of finished assets whose availability for sale is immediate, a market sale value provided by a third party external to Banco Santander is considered, calculated under the AVM methodology by the comparable properties method adjusted by our experience in selling similar assets, given the term, price, volume, trend in the value of these assets and the time elapsing until their sale and discounting the estimated costs of sale.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The market value is determined on the basis of the definition established by the International Valuation Standards drawn up by the IVSC (International Valuation Standards Council), understood as the estimated amount for which an asset or a liability should be exchanged on the measurement date between a willing buyer and a willing seller, in an arm's length transaction, after appropriate marketing, and in which the parties have acted with sufficient information, prudently and without coercion.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The current market value of the properties is estimated on the basis of automated valuations obtained by taking comparable properties as a reference; simulating the procedure carried out by an appraiser in a physical valuation according to Order ECO 805/2003: selection of properties and obtaining the unit value by applying homogenisation adjustments. The selection of the properties is carried out by location within the same real estate cluster and according to the characteristics of the properties, filtering by type</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, surface area range and age. The model enables a distinction to be made within the municipality under study as to which areas are similar and comparable and therefore have a similar value in the property market, discriminating between which properties are good comparators and which are not.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Adjustments to homogenize the properties are made according to: (i) the age of the property according to the age of the property to be valued, (ii) the deviation of the built area from the common area with respect to the property to be valued and (iii) by age of the date of capture of the property according to the price evolution index of the real estate market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, for individually significant assets, complete individual valuations are carried out, including a visit to the asset, market analysis (data relating to supply, demand, current sale or rental price ranges and supply-demand and revaluation expectations) and an estimate of expected income and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. The assets in a situation of 'stopped development' are included under 'land</span></div><div style="padding-left:9.07pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2. Assets qualified as protected housing are taken into account. The maximum legal value of these assets is determined by the VPO module, obtained from the result of multiplying the State Basic Module (MBE) by a zone coefficient determined by each autonomous community. To carry out the valuation of a protected property, the useful surface area is used in accordance with current regulations.</span></div></ix:continuation></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">162</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-145"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1301-3"><ix:continuation id="f-1193-24" continuedAt="f-1193-25"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">For this segmentation of assets, when they are completed, the real costs are known and the actual expenses for the marketing and sale of the asset must be taken into account. Therefore, Banco Santander uses the actual costs in its calculation engine or, failing that, those estimated on the basis of its observed experience.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market Value Model according to Evolution of Market Values used to update the valuation of developments in progress. The valuation model estimates the current market value of the properties based on complete individual valuations by third parties, calculated from the values of the feasibility studies and development costs of the promotion, as well as the selling costs, distinguishing by location, size and type of property. The inputs used in the valuation model for residential assets under construction are actual revenues and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For this purpose, in order to calculate the investment flows, Banco Santander considers, on the basis of the feasibility studies, the expenditure required for construction, the professional fees relating to the project and to project management, the premiums for mandatory building insurance, the developer's administrative expenses, licenses, taxes on new construction and fees, and urban development charges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With respect to the calculation of income flows, Banco Santander takes into account the square metres built, the number of homes under construction and the estimated selling price over 1.5 years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The market value will be the result of the difference between the income flows and the investment flows estimated at each moment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Land Valuation model. The methodology followed by the Group regarding land valuation consists of updating the individual reference valuation of each of the land on an annual basis, through updated valuation valuations carried out by independent professionals and following the methodology established in the Order ECO/805/2003, of 27 March, whose main verifications in the case of land valuation, regardless of the degree of urbanisation of the land, correspond to:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visual verification of the assessed property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Registry description.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Urban planning.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visible easements.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visible state of occupation, possession, use and exploitation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Protection regime.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Apparent state of preservation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Correspondence with cadastral property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Existence of expropriation procedure, expropriation plan or project, administrative resolution or file that may lead to expropriation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Expiry of the urbanization or building deadlines.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Existence of a procedure for failure to comply with obligations.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Verification of surfaces.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of valuation, the land will be classified in the following levels:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Level I: It will include all the lands that do not belong to level II.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Level II: It shall include land classified as undeveloped where building is not allowed for uses other than agriculture, forestry, livestock or linked to an economic exploitation permitted by the regulations in force. Also included are lands classified as developable that are not included in a development area of urban planning or that, in such an area, the conditions for its development have not been defined.</span></div><div style="margin-bottom:9pt;padding-left:21.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In those cases where the Group does not have an updated reference value through an ECO valuation for the current year, we use as a reference value the latest available ECO valuation reduced or corrected by the average annual coverage ratio of the land on which we have obtained an updated reference value, through an ECO valuation. </span></div><div style="margin-bottom:9pt;padding-left:21.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies a discount to the aforementioned reference values that takes into account both the discount on the reference value in the sales process and the estimated costs of marketing or selling the land; discount on reference value = % discount on sales + % marketing costs being:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">% discount on Sales: = 100 - (sales price / updated appraisal value).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">marketing costs: calculated on the basis of our historical experience in sales and in accordance with the marketing management fees negotiated with our suppliers of this type of service.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this way the Group obtains the corrected market value, an amount that we compare with the net cost of each piece of land to determine its correct valuation and conclude with our valuation process.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in relation to the previously mentioned valuations, less costs to sell, are contrasted with the sales experience of each type of asset in order to confirm that there is no significant difference between the sale price and the valuation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Impairment losses on an asset or disposal group arising from a reduction in its carrying amount to its fair value (less costs to sell) are recognised under 'Gains or (losses) on non-current assets held for sale not classified as discontinued operations' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The gains on a non-current asset held for sale resulting from subsequent increases in fair value (less costs to sell) increase its carrying amount and are recognised in the consolidated income statement up to an amount equal to the impairment losses previously recognised.</span></div></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">163</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-146"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-25" continuedAt="f-1193-26"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9e34092d6b834964bbfc2ab45bfbad53"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">i) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory" id="f-1306" continuedAt="f-1306-1" escape="true">Assets under reinsurance contracts and Liabilities under insurance contracts</ix:nonNumeric></span></div><ix:continuation id="f-1306-1" continuedAt="f-1306-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has prepared the accounting policy that establishes the criteria for recording insurance contracts, in accordance with IFRS 17. This standard defines insurance contracts as contracts under which one party accepts a significant insurance risk from another party by agreeing to compensate the policyholder if a specific uncertain future event negatively affects the policyholder. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 17 requires a level of aggregation of contracts that the Group identifies in portfolios of contracts with similar risks and that are managed jointly. The Group then divides each portfolio into a minimum of three groups: (i) contracts that are onerous on initial recognition; (ii) contracts that, upon initial recognition, have no significant possibility of subsequently becoming onerous; and (iii) any remaining contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For contracts that are considered not to be onerous, a profit margin is recognized in the profit and loss account (referred to as 'Contractual Service Margin' or 'CSM') throughout the period in which the entity performs the service. However, if at the time of initial recognition, or during the period in which the entity performs the service, the contract is onerous, the entity recognizes the loss in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Contract limits define the term up to which compliance cash flows must be considered in order to measure an insurance contract. Fulfilment cash flows comprise an unbiased, probability-weighted estimate of future cash flows, a discount adjustment to the present value to reflect the time value of money for monetary and financial risks, and a risk adjustment for non-fulfilment risks. financial. The identification of the contractual limit under IFRS 17 is essential not only for measuring the fulfilment cash flows of a group of contracts, but also for determining the applicable measurement model, in case the contractual limits are identified in a year or more.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Cash flows are within the contractual limit of an insurance contract if they arise from substantial rights and obligations that exist during the reporting period, in which the entity can obligate the insurance policyholder to pay premiums or in which the entity has a substantive obligation to provide services to the insured. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, generally applying the General Model (Building Block Approach) to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Commission Approach ('VCA' or Variable Fee Approach). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The general model measures a group of contracts as the sum of the fulfilment cash flows and the Contractual Service Margin. The CSM represents benefits not yet recorded that the entity will recognize as providing services under the insurance contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Insurance contracts with direct participation apply the VCA as a modified version of the General Model. This should reduce the volatility of results due to the asymmetry between the accounting treatment of the profit and losses of the underlying items attributable to the policyholders and the accounting treatment of the liability owed to those policyholders. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Another aspect considered in measuring the present value of the future cash flows of a group of insurance contracts is the discount </span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1306-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">rate applied to reflect the time value of money and the financial risks related to those cash flows. The Group has established a generally chosen methodology and guarantees that the calculation components have a homogeneous basis, previously approved by the Group, establishing the base curves provided by the Group and allowing adjustments to these curves based on the expert criteria of each local address.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, measuring compliance cash flows requires a risk adjustment for non-financial risk. Risk adjustment for non-financial risk is the compensation necessary to withstand uncertainty about the amount and timing of cash flows arising from non-financial risks. If a change in the assumptions occurs, it could affect the income statement or the Other comprehensive income, depending on its nature. The risks covered by the risk adjustment for non-financial risk are insurance risk and other non-financial risks, such as interruption risk and expense risk.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i07112059568442ae9edf43226bafac77"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">j) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" id="f-1307" continuedAt="f-1307-1" escape="true">Tangible assets</ix:nonNumeric></span></div><ix:continuation id="f-1307-1" continuedAt="f-1307-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Tangible assets includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Tangible assets are classified by use as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib2f05474c0d844f49d5d7c7a377f5dc0"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Property, plant and equipment for own use</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Property, plant and equipment for own use&#160;&#8211; including tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing receivables from third parties which are intended to be held for continuing use and tangible assets acquired under finance leases&#8211; are presented at acquisition cost, less the related accumulated depreciation and any estimated impairment losses (carrying amount higher than recoverable amount).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depreciation is calculated, using the straight-line method, on the basis of the acquisition cost of the assets less their residual value. The land on which the buildings and other structures stand has an indefinite life and, therefore, is not depreciated. </span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory" id="f-1308" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:64.332%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.468%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average<br/>annual&#160;rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings for own use</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-308" decimals="3" name="ifrs-full:DepreciationRatePropertyPlantAndEquipment" scale="-2" id="f-1309">2.4</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-309" decimals="3" name="ifrs-full:DepreciationRatePropertyPlantAndEquipment" scale="-2" id="f-1310">9.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-310" decimals="3" name="ifrs-full:DepreciationRatePropertyPlantAndEquipment" scale="-2" id="f-1311">9.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Office and IT equipment</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-311" decimals="3" name="ifrs-full:DepreciationRatePropertyPlantAndEquipment" scale="-2" id="f-1312">23.6</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease use rights</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than the lease<br/>term or the useful life<br/>of the underlying asset</span></td></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each reporting period, consolidated entities assess whether there is any indication that the carrying amount of an asset exceeds its recoverable amount, in which case they write down the carrying amount of the asset to its recoverable amount and adjust future depreciation charges in proportion to its adjusted carrying amount and to its new remaining useful life, if the useful life needs to be re-estimated.</span></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">164</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-147"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-26" continuedAt="f-1193-27"><div style="width:100.000%"><ix:continuation id="f-1307-2" continuedAt="f-1307-3"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, if there is an indication of a recovery in the value of a tangible asset, the consolidated entities recognise the reversal of the impairment loss recognised in prior periods and adjust the future depreciation charges accordingly. In no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognised in prior years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated useful lives of the items of property, plant and equipment for own use are reviewed at least at the end of the reporting period with a view to detecting significant changes therein. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recognised in the consolidated income statement in future years on the basis of the new useful lives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Upkeep and maintenance expenses relating to property, plant and equipment for own use are recognised as an expense in the period in which they are incurred, since they do not increase the useful lives of the assets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7a85c7851c4b4ffcb8804bcfad57748e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Investment property' reflects the net values of the land, buildings and other structures held either to earn rentals or for obtaining profits by sales due to future increase in market prices.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the acquisition cost of investment property, to calculate its depreciation and its estimated useful life and to recognise any impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of investment properties that support obligations to pay a return directly linked to fair value, or to the returns of certain assets including the investment property itself, such properties are measured using the fair value model.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to evaluate the possible impairment Grupo Santander determines periodically the fair value of its investment property so that, at the end of the reporting period, the fair value reflects the market conditions of the investment property at that date. This fair value is determined annually, taking as benchmarks the valuations performed by independent experts. The methodology used to determine the fair value of investment property is selected based on the status of the asset in question; thus, for properties earmarked for lease, the valuations are performed using the sales comparison approach, whereas for leased properties the valuations are made primarily using the income capitalisation approach and, exceptionally, the sales comparison approach.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the sales comparison approach, the property market segment for comparable properties is analysed, inter alia, and, based on specific information on actual transactions and firm offers, current prices are obtained for cash sales of those properties. The valuations performed using this approach are considered as Level 2 valuations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the income capitalisation approach, the cash flows estimated to be obtained over the useful life of the property are discounted taking into account factors that may influence the amount and actual obtainment thereof, such as: (i) the payments that are normally received on comparable properties; (ii) current and probable future occupancy; (iii) the current or foreseeable default rate on payments. The valuations performed using this approach </span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1307-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">are considered as Level 3 valuations, since significant unobservable inputs are used, such as current and probable future occupancy and/or the current or foreseeable default rate on payments.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6f8e1d7c99f048ef8f1577acde4dd1f9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Assets leased out under an operating lease</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Property, plant and equipment'&#160;- Leased out under an operating lease reflects the amount of the tangible assets, other than land and buildings, leased out by the Group under an operating lease.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives and to recognise the impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div></ix:continuation><div style="margin-bottom:6pt"><span id="ie2166e8db4d74270b4340a707dca0919"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">k) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory" id="f-1313" continuedAt="f-1313-1" escape="true">Accounting for leases</ix:nonNumeric></span></div><ix:continuation id="f-1313-1" continuedAt="f-1313-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main aspects contained in the regulation (IFRS 16) adopted by the Group are included below:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the Group acts as lessee, it recognises a right-of-use asset representing its right to use the underlying leased asset with a corresponding lease liability on the date on which the leased asset is available for use by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each lease payment is allocated between liability and finance charge. The finance charge is allocated to the income statement during the term of the lease in such a way as to produce a constant periodic interest rate on the remaining balance of the liability for each year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The right-of-use asset is depreciated over the useful life of the asset or the lease term, whichever is shorter, on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is amortized over the useful life of the underlying asset. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Assets and liabilities arising from a lease are initially measured at present value. Lease liabilities include the net present value of the following lease payments:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Fixed payments (including inflation-linked payments), less any lease incentive receivable.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Variable lease payments that depend on an index or rate.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The amounts expected to be paid by the lessee under residual value guarantees.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The exercise price of a purchase option if the lessee is reasonably certain that it will exercise that option.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Lease termination penalty payments, if the term of the lease reflects the lessee's exercise of that option.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lease payments are discounted using the interest rate implicit in the lease. When this interest rate cannot be obtained, the interest rate used in these cases, is the lessee's incremental borrowing rate at the related date. For this purpose, the entity has calculated this incremental borrowing rate taking as reference the listed debt instruments issued by the Group; in this regard, the Group has estimated different interest rate curves depending on the currency and economic environment in which the contracts are located. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to construct the incremental borrowing rate, a methodology has been developed at the corporate level. This </span></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">165</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-148"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-27" continuedAt="f-1193-28"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1313-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">methodology is based on the need for each entity to consider its economic and financial situation, for which the following factors must be considered:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Economic and political situation (country risk).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Credit risk of the company.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Monetary policy.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Volume and seniority of the company&#8217;s debt instrument issues.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The incremental borrowing rate is defined as the interest rate that a lessee would have to pay for borrowing, given a similar period to the duration of the lease and with similar security, the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. The Group entities have a wide stock and variety of financing instruments issued in different currencies to that of the euro (pound, dollar, etc.) that provide sufficient information to be able to determine an 'all in rate' (reference rate plus adjustment for credit spread at different terms and in different currencies).  In circumstances, where the leasing company has its own financing, this has been used as the starting point for determining the incremental borrowing rate. On the other hand, for those Grupo Santander entities that do not have their own financing, the information from the financing of the consolidated subgroup to which they belong was used as the starting point for estimating the entity's curve, analysing other factors to assess whether it is necessary to make any type of negative or positive adjustment to the initially estimated credit spread.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Right-of-use assets are valued at cost which includes the following:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The amount of the initial measurement of the lease liability.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Any lease payment made at or before the commencement date less any lease incentive received.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Any initial direct costs.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Restoration costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group recognises the payments associated with short-term leases and leases of low-value assets on a straight-line basis as an expense in the income statement. Short-term leases are leases with a lease term less than or equal to 12 months (a lease that contains a purchase option is not a short term lease).</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="idbb2cc688ae64cfe86b1fc784d379442"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">l) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" id="f-1314" continuedAt="f-1314-1" escape="true">Intangible assets</ix:nonNumeric></span></div><ix:continuation id="f-1314-1" continuedAt="f-1314-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets are identifiable non-monetary assets (separable from other assets) without physical substance which arise as a result of a legal transaction or which are developed internally by the consolidated entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Only assets whose cost can be measured reliably and it is likely that the consolidated entities obtain future economic benefits are recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets are recognised initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-1314-2" continuedAt="f-1314-3"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia2fb0f774fdb4b1eb81bb870a8df5761"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Goodwill</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any excess of the cost of the investments in the consolidated entities and entities accounted for using the equity method over the corresponding underlying carrying amounts acquired, adjusted at the date of first-time consolidation, is allocated as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">If it is attributable to specific assets and liabilities of the companies acquired, by increasing the value of the assets (or reducing the value of the liabilities) whose fair values were higher (lower) than the carrying amounts at which they had been recognised in the acquired entities&#8217; balance sheets.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">If it is attributable to specific intangible assets, by recognising it explicitly in the consolidated balance sheet provided that the fair value of these assets within twelve months following the date of acquisition can be measured reliably.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.48pt">The remaining amount is recognised as goodwill, which is allocated to one or more cash-generating units (CGU) (a cash-generating unit is the smallest identifiable group of assets that, as a result of continuing operation, generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets). The cash-generating units represent the Group&#8217;s geographical and/or business segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Goodwill (only recognised when it has been acquired by consideration) represents, therefore, a payment made by the acquirer in anticipation of future economic benefits from assets of the acquired entity that are not capable of being individually identified and separately recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each annual reporting period or whenever there is any indication of impairment goodwill is reviewed for impairment (i.e. a reduction in its recoverable amount to below its carrying amount) and, if there is any impairment, the goodwill is written down with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">An impairment loss recognised for goodwill is not reversed in a subsequent period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the event of sale or departure of an activity that is part of a CGU, the part of the goodwill that can be assigned to said activity would be written-off, taking as a reference the relative value of the same over the total of the CGU at the time of sale or abandonment. If applicable, the distribution by currency of the remaining goodwill will be performed based on the relative values of the remaining activities.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i225868c7bd5d45569442ef24309f1781"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Other intangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other intangible assets includes the amount of identifiable intangible assets, such as purchased customer lists and computer software.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other intangible assets can have an indefinite useful life&#160;-when, based on an analysis of all the relevant factors, it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the consolidated entities- or a finite useful life, in all other cases.</span></div></div></ix:continuation></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">166</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-149"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-28" continuedAt="f-1193-29"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1314-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets with indefinite useful lives are not amortised, but rather at the end of each reporting period or whenever there is any indication of impairment the consolidated entities review the remaining useful lives of the assets in order to determine whether they continue to be indefinite and, if this is not the case, to take the appropriate steps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets with finite useful lives are amortised over those useful lives using methods similar to those used to depreciate tangible assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The intangible asset amortisation charge is recognised under 'Depreciation and amortisation' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In both cases the consolidated entities recognise any impairment loss on the carrying amount of these assets with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated' income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the impairment losses on these assets and, where applicable, the reversal of impairment losses recognised in prior years are similar to those used for tangible assets (see note 2.k).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i89adc46db5f0489f88538dd2538c9ec3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Internally developed computer software</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Internally developed computer software is recognised as an intangible asset if, among other requisites (basically the Group&#8217;s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Expenditure on research activities is recognised as an expense in the year in which it is incurred and cannot be subsequently capitalised into the carrying amount of the intangible asset.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia138a9b7d61b4fbc84d09d1c29bd2712"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">m) <ix:nonNumeric contextRef="c-1" name="san:OtherAssetsPolicyPolicyTextBlock" id="f-1315" continuedAt="f-1315-1" escape="true">Other assets</ix:nonNumeric></span></div><ix:continuation id="f-1315-1" continuedAt="f-1315-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other assets' in the consolidated balance sheet includes the amount of assets not recorded in other items, the breakdown being as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inventories: this item includes the amount of assets, other than financial instruments, that are held for sale in the ordinary course of business, that are in the process of production, construction or development for such purpose, or that are to be consumed in the production process or in the provision of services. Inventories include land and other property held for sale in the property development business.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inventories are measured at the lower of cost and net realisable value, which is the estimated selling price of the inventories in the ordinary course of business, less the estimated costs of completion and the estimated costs required to make the sale.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any write-downs of inventories -such as those due to damage, obsolescence or reduction of selling price- to net realisable value and other impairment losses are recognised as expenses for the year in which the impairment or loss occurs. Subsequent reversals are recognised in the consolidated income statement for the year in which they occur.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The carrying amount of inventories is derecognised and recognised as an expense in the period in which the revenue from their sale is recognised.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1315-2"><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Other: this item includes the balance of all prepayments and accrued income (excluding accrued interest, fees and commissions), the net amount of the difference between pension plan obligations and the value of the plan assets with a balance in the entity&#8217;s favour, when this net amount is to be reported in the consolidated balance sheet, and the amount of any other assets not included in other items.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i03d73dffb20e499cb1228d050d090469"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">n) <ix:nonNumeric contextRef="c-1" name="san:OtherLiabilitiesPolicyPolicyTextBlock" id="f-1316" continuedAt="f-1316-1" escape="true">Other liabilities</ix:nonNumeric></span></div><ix:continuation id="f-1316-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Other liabilities' includes the balance of all accrued expenses and deferred income, excluding those related to interests and fees on financial instruments, as well as the amount of any other liabilities not included in other categories.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i1e101615bae345fb8d7e7edf5a2d2cea"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">o) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory" id="f-1317" continuedAt="f-1317-1" escape="true">Provisions and contingent liabilities (assets)</ix:nonNumeric></span></div><ix:continuation id="f-1317-1" continuedAt="f-1317-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When preparing the financial statements of the consolidated entities, Banco Santander makes a distinction between:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be likely to occur and certain as to its nature but uncertain as to its amount and/or timing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognise the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote.   </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Irrevocable contingent payments (ICPs), corresponding to payment facilities allowed under the annual contributions of certain levies, are recorded in accordance with the definitions mentioned above. In this regard, on 14 November 2025, the Group learned that the CJEU had definitively resolved the dispute concerning the CPI contributions made by a financial institution to the Single Resolution Fund, upholding the judgment of the General Court of 25 October 2023, which ruled against said financial institution regarding its request for the return of guarantees linked to irrevocable payment commitments for a Group entity whose license had been withdrawn. In light of this ruling, it was concluded that it was not necessary to modify the accounting entries that the Santander Group has made when using these facilities to make contributions corresponding to this levy or to other similar levies that also allow for such contributions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits.</span></div></ix:continuation><div style="margin-bottom:9pt;padding-left:7.08pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">167</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-150"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-29" continuedAt="f-1193-30"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1317-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander&#8217;s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognised in the consolidated financial statements, but must rather be disclosed in the Notes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions (which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year) are used to cater for the specific obligations for which they were originally recognised. Provisions are fully or partially reversed when such obligations cease to exist or are reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions are classified according to the obligations covered as follows (see note 25):</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees and similar obligations.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities&#160;-defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments&#160;-defined as irrevocable commitments that may give rise to the recognition of financial assets.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provisions for taxes and other legal contingencies and Other provisions: include the amount of the provisions recognised to cover tax and legal contingencies and litigation and the other provisions recognised by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i434b4093bbce469e974155c54d75482d"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">p) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory" id="f-1318" continuedAt="f-1318-1" escape="true">Own equity instruments</ix:nonNumeric></span></div><ix:continuation id="f-1318-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Own equity instruments are those meeting both of the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The instruments do not include any contractual obligation for the issuer (i)&#160;to deliver cash or another financial asset to a third party; or (ii)&#160;to exchange financial assets or financial liabilities with a third party under conditions that are potentially unfavourable to the issuer.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The instruments will or may be settled in the issuer&#8217;s own equity instruments and are: (i)&#160;a non-derivative that includes no contractual obligation for the issuer to deliver a variable number of its own equity instruments; or (ii)&#160;a derivative that will be settled by the issuer through the exchange of a fixed amount of cash or another financial asset for a fixed number of its own equity instruments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Transactions involving own equity instruments, including their issuance and cancellation, are charged directly to equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Changes in the value of instruments classified as own equity instruments are not recognised in the consolidated financial statements. Consideration received or paid in exchange for such instruments, including the coupons on preference shares contingently convertible into ordinary shares and the coupons associated with CCPP, is directly added to or deducted from equity.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8ffaff6e4a7542b3af75418684f47127"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">q) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" id="f-1319" continuedAt="f-1319-1" escape="true">Equity-instrument-based employee remuneration</ix:nonNumeric></span></div><ix:continuation id="f-1319-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Own equity instruments delivered to employees in consideration for their services, if the instruments are delivered once the specific period of service has ended, are recognised as an expense for services (with the corresponding increase in equity) as the services are rendered by employees during the service period. At the grant date the services received (and the related increase in equity) are measured&#160;at the fair value of the equity instruments granted. If the equity instruments granted are vested immediately, Grupo Santander recognises in full, at the grant date, the expense for the services received.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the requirements stipulated in the remuneration agreement include external market conditions (such as equity instruments reaching a certain quoted price), the amount ultimately to be recognised in equity will depend on the other conditions being met by the employees (normally length of service requirements), irrespective of whether the market conditions are satisfied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If the conditions of the agreement are met but the external market conditions are not satisfied, the amounts previously recognised in equity are not reversed, even if the employees do not exercise their right to receive the equity instruments.</span></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span id="idd0b75cebca94e74b4bca79068e86c90"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">r) <ix:nonNumeric contextRef="c-1" name="san:DescriptionOfAccountingPolicyForIncomeAndExpensePolicyPolicyTextBlock" id="f-1320" continuedAt="f-1320-1" escape="true">Recognition of income and expenses</ix:nonNumeric></span></div><ix:continuation id="f-1320-1" continuedAt="f-1320-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most significant criteria used by Grupo Santander to recognise its income and expenses are summarised as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibf4716bbecf44f7f8a4ff4b91fb3b4b2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Interest income, interest expenses and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Interest income, interest expenses and similar items are generally recognised on an accrual basis using the effective interest method. Dividends received from other companies are recognised as income when the consolidated entities&#8217; right to receive them arises.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i97e5ba2789b24eaca2c11b4a64ef4dcd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Commissions, fees and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Fee and commission income and expenses are recognised in the consolidated income statement using criteria that vary according to their nature. The main criteria are as follows:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Fee and commission income and expenses relating to financial assets and financial liabilities measured at fair value through profit or loss are recognised when paid.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Those arising from transactions or services that are performed over a period of time are recognised over the life of these transactions or services.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Those relating to services provided in a single act are recognised when the single act is carried out.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1ad1ca147be64d4daa8dcf680d939082"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Non-finance income and expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">They are recognised for accounting purposes when the good is delivered or the non-financial service is rendered. To determine the amount and timing of recognition, a five-step model is followed: identification of the contract with the customer, identification of the separate obligations of the contract, determination of the transaction price, distribution of the transaction price among the identified obligations and finally recording of income as the obligations are satisfied.</span></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">168</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-151"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-30" continuedAt="f-1193-31"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1320-2"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i416e1293a8bc4a7c93665c1788d244fd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Deferred collections and payments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These are recognised for accounting purposes at the amount resulting from discounting the expected cash flows at market rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie57539c46d224527a8527ef6146ed7f9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Loan arrangement fees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Loan arrangement fees, mainly loan origination, application and information fees, are accrued and recognised in income over the term of the loan.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span id="i670fe92a280f46c9826dfe2d3117c222"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">s) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" id="f-1321" continuedAt="f-1321-1" escape="true">Financial guarantees</ix:nonNumeric></span></div><ix:continuation id="f-1321-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial guarantees are considered contracts that require the issuer to make specific payments to reimburse the creditor for the loss it incurs when a specific debtor defaults on its due date payment obligation in accordance with the original or modified conditions of debt instrument, regardless of its legal form, which may be, among others, a deposit, financial guarantee, insurance contract or credit derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander initially recognises the financial guarantees provided on the liability side of the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and simultaneously the Group recognises the amount of the fees, commissions and similar interest received at the inception of the transactions and a credit on the asset side of the consolidated balance sheet for the present value of the fees, commissions and interest outstanding.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial guarantees, regardless of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on debt instruments carried at amortised cost (described in note 2.g above).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions made for these transactions are recognised under 'Provisions - Provisions for commitments and guarantees given in the consolidated balance sheet' (see note 25). These provisions are recognised and reversed with a charge or credit, respectively, to 'Provisions or reversal of provisions', net, in the consolidated income statement.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i28693aa5db9740d1942e251b1d8d5cf5"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">t) <ix:nonNumeric contextRef="c-1" name="san:AssetsUnderManagementPolicyPolicyTextBlock" id="f-1322" continuedAt="f-1322-1" escape="true">Assets under management and investment and pension funds managed by the Group</ix:nonNumeric></span></div><ix:continuation id="f-1322-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Assets owned by third parties and managed by the consolidated entities are not presented on the face of the consolidated balance sheet. The investment funds and pension funds managed by the consolidated companies are also not presented in the Group's consolidated balance sheet, as they are owned by third parties.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The commissions generated by these activities are included in the balance of the 'Commission income' chapter of the consolidated profit and loss account.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note&#160;2.b.iv describes the internal criteria and procedures used to determine whether control exists over the structured entities, which include, inter alia, investment funds and pension funds.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="icec63a92f30a49b885aa177a80e80c2a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">u) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" id="f-1323" continuedAt="f-1323-1" escape="true">Post-employment benefits</ix:nonNumeric></span></div><ix:continuation id="f-1323-1" continuedAt="f-1323-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under the collective agreements currently in force and other arrangements, the Spanish banks included in the Group and certain other Spanish and foreign consolidated entities have undertaken to supplement the public social security system benefits accruing to certain employees, and to their beneficiary right holders, for retirement, permanent disability or death, and the post-employment welfare benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander's post-employment obligations to its employees are deemed to be defined contribution plans when the Group makes pre-determined contributions (recognised under Personnel expenses in the consolidated income statement) to a separate entity and will have no legal or effective obligation to make further contributions if the separate entity cannot pay the employee benefits relating to the service rendered in the current and prior periods. Post-employment obligations that do not meet the aforementioned conditions are classified as defined benefit plans (see note 25).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4cb3919e9038469faf53a414b73798d8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Defined contribution plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The contributions made in this connection in each year are recognised under 'Personnel expenses' in the consolidated income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts not yet contributed at each year-end are recognised, at their present value, under 'Provisions - Provision for pensions' and similar obligations on the liability side of the consolidated balance sheet.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6e144e0ac7a348d5988dd17df2992bbb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Defined benefit plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander recognises under 'Provisions&#160;- Provision for pensions and similar obligations on the liability side of the consolidated balance sheet' (or under 'Other assets' on the asset side, as appropriate) the present value of its defined benefit post-employment obligations, net of the fair value of the plan assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Plan assets are defined as those that will be directly used to settle obligations and that meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">They are not owned by the consolidated entities, but by a legally separate third party that is not a party related to the Group.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">They are only available to pay or fund post-employment benefits and they cannot be returned to the consolidated entities unless the assets remaining in the plan are sufficient to meet all the benefit obligations of the plan and of the entity to current and former employees, or they are returned to reimburse employee benefits already paid by Grupo Santander.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If Grupo Santander can look to an insurer to pay part or all of the expenditure required to settle a defined benefit obligation, and it is practically certain that said insurer will reimburse some or all of the expenditure required to settle that obligation, but the insurance policy does not qualify as a plan asset, the Group recognises its right to reimbursement -which, in all other respects, is treated as a plan asset- under 'Insurance contracts linked to pensions' on the asset side of the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander will recognise the following items in the income statement:</span></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">169</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-152"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1193-31" continuedAt="f-1193-32"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1323-2" continuedAt="f-1323-3"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Current service cost, (the increase in the present value of the obligations resulting from employee service in the current period), is recognised under 'Staff costs'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The past service cost, which arises from changes to existing post-employment benefits or from the introduction of new benefits and includes the cost of reductions, is recognised under 'Provisions or reversal of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Any gain or loss arising from a liquidation of the plan is included in the 'Provisions or reversion of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net interest on the net defined benefit liability (asset), i.e. the change during the period in the net defined benefit liability (asset) that arises from the passage of time, is recognised under 'Interest expense' and similar charges ('Interest and similar income' if it constitutes income) in the consolidated income statement.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remeasurement of the net defined benefit liability (asset) is recognised in 'Other comprehensive income' under Items not reclassified to profit or loss and includes:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Actuarial gains and losses generated in the&#160;year, arising from the differences between the previous actuarial assumptions and what has actually occurred and from the effects of changes in actuarial assumptions.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9642;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4d41fa2a97d54255b1e515e2363a401e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">v) <ix:continuation id="f-1323-3" continuedAt="f-1323-4">Other long-term employee benefits</ix:continuation></span></div><ix:continuation id="f-1323-4" continuedAt="f-1323-5"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other long-term employee benefits, defined as obligations to pre-retirees&#160;-taken to be those who have ceased to render services at the entity but who, without being legally retired, continue to have economic rights vis-&#224;-vis the entity until they acquire the legal status of retiree-, long-service bonuses, obligations for death of spouse or disability before retirement that depend on the employee&#8217;s length of service at the entity and other similar items, are treated for accounting purposes, where applicable, as established above for defined benefit post-employment plans, except that actuarial gains and losses are recognised under 'Provisions or reversal of provisions', net, in the consolidated income statement (see note&#160;25).</span></div></ix:continuation><div style="margin-bottom:6pt"><span id="if2ba44ec1bd64ab28e07704e28387c28"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">w) <ix:continuation id="f-1323-5" continuedAt="f-1323-6">Termination benefits</ix:continuation></span></div><ix:continuation id="f-1323-6"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Termination benefits are recognised when there is a detailed formal plan identifying the basic changes to be made, provided that implementation of the plan has begun, its main features have been publicly announced or objective facts concerning its implementation have been disclosed.</span></div></ix:continuation><div style="margin-bottom:6pt"><span id="i66b05f317b6342b495620b80f1e23f19"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">x) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory" id="f-1324" continuedAt="f-1324-1" escape="true">Income tax</ix:nonNumeric></span></div><ix:continuation id="f-1324-1" continuedAt="f-1324-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The expense for Spanish income tax and other similar taxes applicable to the foreign consolidated entities is recognised in the consolidated income statement, except when they arise from a transaction whose results are recognised directly in equity, in which case the related tax effect is recognised in equity.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-1324-2" continuedAt="f-1324-3"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The current income tax expense is calculated as the sum of the current tax resulting from application of the appropriate tax rate to the taxable profit for the year (net of any deductions allowable for tax purposes), and of the changes in deferred tax assets and liabilities recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Deferred tax assets' and liabilities include temporary differences, which are identified as the amounts expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their related tax bases, and tax loss and tax credit carryforwards. These amounts are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Tax assets' include the amount of all tax assets, which are broken down into current&#160;-amounts of tax to be recovered within the next twelve&#160;months- and deferred&#160;-amounts of tax to be recovered in future&#160;years, including those arising from tax loss or tax credit carryforwards.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Tax liabilities' includes the amount of all tax liabilities (except provisions for taxes), which are broken down into current&#160;-the amount payable in respect of the income tax on the taxable profit for the&#160;year and other taxes in the next twelve&#160;months- and deferred&#160;-the amount of income tax payable in future&#160;years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deferred tax liabilities are recognised in respect of taxable temporary differences associated with investments in subsidiaries, associates or joint ventures, except when the Group is able to control the timing of the reversal of the temporary difference and, in addition, it is probable that the temporary difference will not reverse in the foreseeable future. In this regard, no deferred tax liabilities of EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-5" name="san:UnrecognisedDeferredTaxLiabilitiesTaxationThatWouldAriseFromUndistributedEarnings" scale="6" id="f-1325">321.9</ix:nonFraction> million were recognised in relation to the taxation that would arise from the undistributed earnings of certain Group holding companies, in accordance with the legislation applicable in those jurisdictions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deferred tax assets are only recognised for temporary differences to the extent that it is considered probable that the consolidated entities will have sufficient future taxable profits against which the deferred tax assets can be utilised, and the deferred tax assets do not arise from, in its initial recognition of (i)a business combination, (ii) an operation that does not affect either the tax result or the accounting result or (iii) on the date of the transaction, does not generate deductible and taxable temporary differences for the same amount (in which case assets and deferred tax liabilities). Other deferred tax assets (tax loss and tax credit carryforwards) are only recognised if it is considered probable that the consolidated entities will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Differences generated by the different accounting and tax treatment of any of the income and expenses recorded directly in equity to be paid or recovered in the future are accounted for as temporary differences.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div></div></ix:continuation></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">170</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-153"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-1193-32" continuedAt="f-1193-33"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1324-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding taxes on profits arising from the application of tax laws for the implementation of the Pillar Two model rules, including those related to national minimum complementary taxes, the Group applies the mandatory and temporary exception to the recognition of deferred tax assets and liabilities derived from said tax laws (see note 27.f).</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie87b529c07a748c18f34ada2b9446e34"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">y) <ix:nonNumeric contextRef="c-1" name="san:DescriptionOfAccountingPolicyForResidualMaturityPeriodsPolicyTextBlock" id="f-1326" continuedAt="f-1326-1" escape="true">Residual maturity periods</ix:nonNumeric></span></div><ix:continuation id="f-1326-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In note 51 it is provided an analysis of the maturities of the balances of certain items in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Group has recorded as 'time liabilities' those recognised financial liabilities in which the counterparty may require payments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, when Grupo Santander has committed to having amounts available at different maturity periods, these amounts have been recorded in the first year in which they may be required.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for the financial guarantee contracts issued, the Group has recorded the maximum amount of the financial guarantee issued in the first year in which the guarantee can be executed.</span></div></ix:continuation><div style="margin-bottom:9pt;margin-top:9pt"><span id="i89e400f35bf94e849c11010a41e89519"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">z) <ix:nonNumeric contextRef="c-1" name="san:DescriptionOfAccountingPolicyForRecognisedIncomeAndExpensePolicyPolicyTextBlock" id="f-1327" continuedAt="f-1327-1" escape="true">Consolidated statement of recognised income and expense</ix:nonNumeric></span></div><ix:continuation id="f-1327-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This statement presents the income and expenses generated by the Group as a result of its business activity in the year, and a distinction is made between the income and expenses recognised in the consolidated income statement for the year and the other income and expenses recognised directly in consolidated equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, this statement presents:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.&#160;&#160;&#160;&#160;Consolidated profit for the year.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.&#160;&#160;&#160;&#160;The net amount of the income and expenses recognised in 'Other comprehensive income' under items that will not be reclassified to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.&#160;&#160;&#160;&#160;The net amount of the income and expenses recognised in Other comprehensive income under items that may be reclassified subsequently to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d.&#160;&#160;&#160;&#160;The income tax incurred in respect of the items indicated in b and c above, except for the valuation adjustments arising from investments in associates or joint ventures accounted for using the equity method, which are presented net.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">e.&#160;&#160;&#160;&#160;Total consolidated recognised income and expense, calculated as the sum of a) to d) above, presenting separately the amount attributable to the parent company and the amount relating to non-controlling interests.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The statement presents the items separately by nature, grouping together items that, in accordance with the applicable accounting standards, will not be reclassified subsequently to profit and loss since the requirements established by the corresponding accounting standards are met.</span></div></ix:continuation></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-1193-33"><div style="margin-bottom:6pt;margin-top:9pt"><span id="iedcae727762d428bbd42a6ef9622c442"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">aa) <ix:nonNumeric contextRef="c-1" name="san:DescriptionOfAccountingPolicyForChangesInEquityPolicyPolicyTextBlock" id="f-1328" continuedAt="f-1328-1" escape="true">Statement of changes in total equity</ix:nonNumeric></span></div><ix:continuation id="f-1328-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This statement presents all the changes in equity, including those arising from changes in accounting policies and from the correction of errors. Accordingly, this statement presents a reconciliation of the carrying amount at the beginning and end of the&#160;year of all the consolidated equity items, and the changes are grouped together on the basis of their nature into the following items:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.&#160;&#160;&#160;&#160;Adjustments due to changes in accounting policies and to errors: include the changes in consolidated equity arising as a result of the retrospective restatement of the balances in the consolidated financial statements, distinguishing between those resulting from changes in accounting policies and those relating to the correction of errors.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.&#160;&#160;&#160;&#160;Income and expense recognised in the year: includes, in aggregate form, the total of the aforementioned items recognised in the consolidated statement of recognised 'Income and expense'.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.&#160;&#160;&#160;&#160;Other changes in equity: includes the remaining items recognised in equity, including, inter alia, increases and decreases in capital, distribution of profit, transactions involving own equity instruments, equity-instrument-based payments, transfers between equity items and any other increases or decreases in consolidated equity.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i735fa54e6566433b90c38e2a2c1306f6"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">ab) <ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory" id="f-1329" continuedAt="f-1329-1" escape="true">Consolidated statement of cash flows</ix:nonNumeric></span></div><ix:continuation id="f-1329-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following terms are used in the consolidated statements of cash flows with the meanings specified:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flows: inflows and outflows of cash and cash equivalents, which are short-term, highly liquid investments that are subject to an insignificant risk of changes in value, irrespective of the portfolio in which they are classified.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander classifies as cash and cash equivalents the balances recognised under 'Cash, cash balances at central banks' and 'Other deposits on demand' in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Operating activities: the principal revenue-producing activities of credit institutions and other activities that are not investing or financing activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Investing activities: the acquisition or disposal of long-term assets and other investments not included in cash and cash equivalents.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financing activities: activities that result in changes in the size and composition of the equity and liabilities that are not operating activities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025 Grupo Santander received interest amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:InterestReceivedClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1330">109,840</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:InterestReceivedClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1331">117,046</ix:nonFraction> and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:InterestReceivedClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1332">101,029</ix:nonFraction> in 2024 and 2023, respectively) and paid interest amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1333">57,737</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1334">61,091</ix:nonFraction> and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-1335">50,954</ix:nonFraction> in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, dividends received and paid by the Group are detailed in notes 4, 28 and 40, including dividends paid to minority interests (non-controlling interests)</span></div></ix:continuation></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883"></div><div style="margin-bottom:6pt;margin-top:12pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">171</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-154"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:12pt"><span id="i45f582886e3b47a2a174a547458e4d2f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">3. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfBusinessCombinationsExplanatory" id="f-1336" continuedAt="f-1336-1" escape="true">Grupo Santander</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_889"></div><ix:continuation id="f-1336-1" continuedAt="f-1336-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i38ea923e60524e1eaa266d9137f0dcf7"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Banco Santander, S.A., and international Group structure</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The growth of Grupo Santander in the last decades has led Banco Santander to also act, in practice, as a holding entity of the shares of the various companies in its Group, and its results are becoming progressively less representative of the performance and earnings of the Group. Therefore, each&#160;year the bank determines the amount of the dividends to be distributed to its shareholders on the basis of the consolidated net profit, while maintaining the Group&#8217;s objectives of capitalisation and taking into account that the transactions of the Bank and of the rest of the Group are managed on a consolidated basis (notwithstanding the allocation to each company of the related net worth effect).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the international level, the various banks and other subsidiaries, joint ventures and associates of the Group are integrated in a corporate structure comprising various holding companies which are the ultimate shareholders of the banks and subsidiaries abroad.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The purpose of this structure, all of which is controlled Banco Santander, is to optimise the international organisation from the strategic, economic, financial and tax standpoints, since it makes it possible to define the most appropriate units to be entrusted with acquiring, selling or holding stakes in other international entities, the most appropriate financing method for these transactions and the most appropriate means of remitting the profits obtained by the group&#8217;s various operating units to Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Appendices provide relevant data on the consolidated group companies and on the companies accounted for using the equity method.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_892"></div><ix:continuation id="f-1336-2" continuedAt="f-1336-3"><div style="margin-bottom:6pt"><span id="i8c7262a38ba34b96b3a52ce446199e9e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Acquisitions and disposals </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a summary of the main acquisitions and disposals of ownership interests in the share capital of other entities and other significant corporate transactions performed in the last three years or pending to be completed:</span></div><div style="margin-bottom:3pt"><span id="ieb3773a868db4c56a58b4385323c6743"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">i. Agreement for the sale of <ix:nonFraction unitRef="number" contextRef="c-312" decimals="2" name="san:ProportionOfOwnershipInterestInSubsidiaryAnnouncedForSale" scale="-2" id="f-1337">49</ix:nonFraction>% of Santander Bank Polska S.A. and accelerated placement of ordinary shares</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 5 May 2025, Banco Santander announced an agreement to sell approximately <ix:nonFraction unitRef="number" contextRef="c-313" decimals="2" name="san:ProportionOfOwnershipInterestInSubsidiaryAnnouncedForSale" scale="-2" id="f-1338">49</ix:nonFraction>% of the share capital of Santander Bank Polska S.A. (Santander Polska) to Erste Group Bank AG at a price of <ix:nonFraction unitRef="plnPerShare" contextRef="c-313" decimals="INF" name="san:SaleOfInterestHeldPricePerShare" scale="0" id="f-1339">584</ix:nonFraction> zlotys per share, as well as the <ix:nonFraction unitRef="number" contextRef="c-314" decimals="2" name="san:ProportionOfOwnershipInterestInSubsidiaryAnnouncedForSale" scale="-2" id="f-1340">50</ix:nonFraction>% of Santander Towarzystwo Funduszy Inwestycyjnych S.A. (TFI, the asset management business in Poland) owned directly by Banco Santander, S.A., for a total amount of approximately EUR <ix:nonFraction unitRef="eur" contextRef="c-315" decimals="-6" sign="-" name="ifrs-full:ConsiderationPaidReceived" format="ixt:num-dot-decimal" scale="6" id="f-1341">7,000</ix:nonFraction>&#160;million. Following the transaction and the accelerated placement of ordinary shares announced on 2 December 2025, of <ix:nonFraction unitRef="shares" contextRef="c-316" decimals="0" name="san:SaleOfOrdinarySharesInSubsidiaryShares" format="ixt:num-dot-decimal" scale="0" id="f-1342">3,576,626</ix:nonFraction> ordinary shares of Santander Polska, representing approximately <ix:nonFraction unitRef="number" contextRef="c-317" decimals="3" name="san:SharesSoldPercentageOfShareCapital" scale="-2" id="f-1343">3.5</ix:nonFraction>% of its share capital, for a total import of EUR <ix:nonFraction unitRef="eur" contextRef="c-316" decimals="-6" sign="-" name="ifrs-full:ConsiderationPaidReceived" scale="6" id="f-1344">407</ix:nonFraction>&#160;million, Santander will hold <ix:nonFraction unitRef="number" contextRef="c-263" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1345">9.7</ix:nonFraction>% of Santander Polska's share capital (<ix:nonFraction unitRef="number" contextRef="c-318" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1346">58.7</ix:nonFraction>% as of 31 December 2025). The transaction was completed on 9 January 2026 (see Note 1.g. Introduction, basis of presentation of the consolidated annual accounts, and other information, subsequent events).</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-1336-3" continuedAt="f-1336-4"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result of the agreement, the Group has reclassified the assets of Santander Polska and TFI in the consolidated balance sheet as of 31 December 2025, to the heading 'Non-current assets held for sale', and their liabilities to the heading 'Liabilities associated with non-current assets held for sale'. Furthermore, the effect of these businesses on the profit and loss account for the 2025 financial year has been classified under the heading 'Profit/(loss) after tax from discontinued operations' (see Note 12), with the same classification being applied for comparative purposes in the profit and loss accounts for the 2024 and 2023 financial years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As part of this transaction, on 23 December 2025, Santander Consumer, S.A. acquired <ix:nonFraction unitRef="number" contextRef="c-319" decimals="2" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-1347">60</ix:nonFraction>% of Santander Consumer Bank Polska, which was owned by Santander Polska, for PLN <ix:nonFraction unitRef="pln" contextRef="c-320" decimals="-6" name="ifrs-full:ConsiderationPaidReceived" format="ixt:num-dot-decimal" scale="6" id="f-1348">3,105</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-320" decimals="-6" name="ifrs-full:ConsiderationPaidReceived" scale="6" id="f-1349">726</ix:nonFraction> million). This transaction had no significant impact on the Group's consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="ieafc23cb2d254f91a65b1c76794b96c1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Agreement for the acquisition of TSB Banking Group plc</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 July 2025, Banco Santander announced an agreement with Banco de Sabadell, S.A. for the acquisition of TSB Banking Group plc for approximately GBP <ix:nonFraction unitRef="gbp" contextRef="c-321" decimals="-6" name="ifrs-full:ConsiderationPaidReceived" format="ixt:num-dot-decimal" scale="6" id="f-1350">2,650</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-321" decimals="-6" name="ifrs-full:ConsiderationPaidReceived" format="ixt:num-dot-decimal" scale="6" id="f-1351">3,100</ix:nonFraction>&#160;million) plus the results generated by this business between 31 March 2025, and the closing of the transaction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The completion of the transaction is subject to the usual conditions for this type of deal, including obtaining the relevant regulatory authorizations.</span></div><div style="margin-bottom:3pt"><span id="i9cbb6ab3d492416bae1a503ad6fd67e9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">iii. Agreement for the sale of the stake in Caceis</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 19 December 2024, Grupo Santander signed an agreement with Cr&#233;dit Agricole S.A. for the sale of its <ix:nonFraction unitRef="number" contextRef="c-322" decimals="3" name="san:ProportionOfOwnershipInterestInAssociateSold" scale="-2" id="f-1352">30.5</ix:nonFraction>% stake in the share capital of CACEIS. As a result of the above, as of 31 December 2024, this participation was reclassified, at its carrying value, from the line item 'investments' to the line item 'Non-current assets held for sale' in the balance sheet (see Note 6). The transaction was formalized in 2025 after obtaining the relevant regulatory approvals, generating a profit before taxes of EUR <ix:nonFraction unitRef="eur" contextRef="c-323" decimals="-6" name="san:GainsLossesOnNoncurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" scale="6" id="f-1353">231</ix:nonFraction>&#160;million registered in the line item 'Gains or losses on non-current assets held for sale not classified as discontinued operations' of the income statement. Following the completion of the planned transaction, Cr&#233;dit Agricole S.A. holds the <ix:nonFraction unitRef="number" contextRef="c-324" decimals="2" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1354">100</ix:nonFraction>% of CACEIS&#8217;s share capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The joint depositary, custody and related asset servicing services of Santander and CACEIS in Latin America is not included in the scope of the transaction and continues to be jointly controlled by Santander and CACEIS. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i589c4e55a96f45bb9f8588665bb9d05b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Accelerated placement of ordinary shares of Santander Bank Polska </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 10 September 2024, Banco Santander, S.A. announced an accelerated placement of <ix:nonFraction unitRef="shares" contextRef="c-325" decimals="0" name="san:SaleOfOrdinarySharesInSubsidiaryShares" format="ixt:num-dot-decimal" scale="0" id="f-1355">5,320,000</ix:nonFraction> ordinary shares of its subsidiary Santander Bank Polska S.A., representing approximately <ix:nonFraction unitRef="number" contextRef="c-326" decimals="3" name="san:SharesSoldPercentageOfShareCapital" scale="-2" id="f-1356">5.2</ix:nonFraction>% of its share capital, at a price of PLN <ix:nonFraction unitRef="plnPerShare" contextRef="c-327" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-1357">463</ix:nonFraction> (EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-327" decimals="INF" name="ifrs-full:ParValuePerShare" scale="0" id="f-1358">108</ix:nonFraction>) per ordinary share. The transaction was settled on September 13, with the total transaction amounting to PLN <ix:nonFraction unitRef="pln" contextRef="c-328" decimals="-6" name="ifrs-full:ProceedsFromChangesInOwnershipInterestsInSubsidiaries" format="ixt:num-dot-decimal" scale="6" id="f-1359">2,463</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-328" decimals="-6" name="ifrs-full:ProceedsFromChangesInOwnershipInterestsInSubsidiaries" scale="6" id="f-1360">575</ix:nonFraction>&#160;million). Banco Santander will continue to hold a majority stake in Santander Bank Polska S.A. of <ix:nonFraction unitRef="number" contextRef="c-328" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1361">62.2</ix:nonFraction>% of the share capital (prior to this transaction, the percentage of participation was <ix:nonFraction unitRef="number" contextRef="c-329" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1362">67.4</ix:nonFraction>%). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This sale has resulted in an increase in reserves and valuation adjustments of EUR <ix:nonFraction unitRef="eur" contextRef="c-330" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" scale="6" id="f-1363">158</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-331" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" scale="6" id="f-1364">57</ix:nonFraction>&#160;million, respectively, and an increase in minority equity of EUR <ix:nonFraction unitRef="eur" contextRef="c-332" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" scale="6" id="f-1365">360</ix:nonFraction>&#160;million.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">172</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-155"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1336-4" continuedAt="f-1336-5"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i616d8e5f423f48d684c15fe95fd500b5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Tender offers for shares of Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 October 2022, Banco Santander, S.A. ('Banco Santander') announced that it intends to make concurrent cash tender offers to acquire all of the shares of Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico ('Santander Mexico') in Mexico (Shares) and United States (American Depositary Shares ('ADSs')) which were not owned by Grupo Santander, which amount to approximately  <ix:nonFraction unitRef="number" contextRef="c-333" decimals="4" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-1366">3.76</ix:nonFraction>% of Santander Mexico&#8217;s share capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The offers were launched on 7 February 2023 and were originally scheduled to close on 8 March 2023. On 1 March 2023, Banco Santander announced its decision to extend the expiration date of the offers so that they could be concluded on 10 April 2023. Finally, after the offers' closing, <ix:nonFraction unitRef="number" contextRef="c-334" decimals="3" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-1367">3.6</ix:nonFraction>% of the capital accepted the offer, which raised the Group's stake in Santander M&#233;xico from <ix:nonFraction unitRef="number" contextRef="c-335" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1368">96.2</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-336" decimals="3" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1369">99.8</ix:nonFraction>%.will be settled on 13 March 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Shareholders who participated in the offerings received <ix:nonFraction unitRef="mxnPerShare" contextRef="c-334" decimals="2" name="san:ConsiderationPaidReceivedInCashPerShare" scale="0" id="f-1370">24.52</ix:nonFraction> Mexican pesos (approximately EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-334" decimals="2" name="san:ConsiderationPaidReceivedInCashPerShare" scale="0" id="f-1371">1.20</ix:nonFraction>) per Share and USD <ix:nonFraction unitRef="usdPerShare" contextRef="c-334" decimals="4" name="san:ConsiderationInCashPerAmericanDepositaryShare" scale="0" id="f-1372">6.6876</ix:nonFraction> in cash for each ADS (i.e., the equivalent in United States dollars of <ix:nonFraction unitRef="mxnPerShare" contextRef="c-334" decimals="1" name="san:ExpectedConsiderationInCashPerAmericanDepositaryShare" scale="0" id="f-1373">122.6</ix:nonFraction> Mexican pesos in cash for each ADS at the US dollar/Mexican peso exchange rate on the expiration date of 10 April 2023),which corresponded to the book value of the Santander M&#233;xico share according to the quarterly report of Santander M&#233;xico corresponding to the fourth quarter of the year 2022 in accordance with applicable legislation, with a total disbursement by Banco Santander of approximately EUR <ix:nonFraction unitRef="eur" contextRef="c-337" decimals="-6" name="ifrs-full:ConsiderationPaidReceived" scale="6" id="f-1374">300</ix:nonFraction>&#160;million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The operation led to an increase of EUR <ix:nonFraction unitRef="eur" contextRef="c-336" decimals="-6" name="san:IncreaseThroughBusinessCombinationsReserves" scale="6" id="f-1375">13</ix:nonFraction>&#160;million in Reserves and a decrease of EUR <ix:nonFraction unitRef="eur" contextRef="c-336" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughBusinessCombinationsMinorityInterest" scale="6" id="f-1376">313</ix:nonFraction>&#160;million in minority interests. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Once the offers were concluded and settled, Banco Santander proceeded to: (i) withdraw the ADSs from the listing on the New York Stock Exchange ('NYSE') and the Shares from the registry before the Securities and Exchange Commission ('SEC') in the United States and; (ii) cancel the registration of the Shares in the National Securities Registry of the National Banking and Securities Commission ('CNBV') and withdraw the listing of the Shares in the Mexican Stock Exchange, S.A.B. de C.V. ('BMV'). Said cancellation was approved by the extraordinary general shareholders' meeting of Santander M&#233;xico held on 30 November 2022, with the favourable vote of the holders of the shares that represent more than <ix:nonFraction unitRef="number" contextRef="c-338" decimals="2" name="san:BusinessCombinationMinimumAcceptancePercentageByShareholdersOfAcquiree" scale="-2" id="f-1377">95</ix:nonFraction>% of the shares of Santander Mexico, as required by the Mexican Securities Market Law.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Pursuant to Mexican law, on 12 May 2023, Banco Santander and Santander M&#233;xico established a trust (the 'Repurchase Trust'), to which the holders of the Shares that remain outstanding after the conclusion of the offers, to sell said Shares to the repurchase trust, at the same cash price that would have been paid to them in the Mexican offer with respect to the same. At the end of the year, said trust was liquidated and the Group's effective participation amounts to <ix:nonFraction unitRef="number" contextRef="c-339" decimals="4" name="san:RepurchaseTrustGroupEffectiveParticipationPercentage" scale="-2" id="f-1378">99.98</ix:nonFraction>%.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-1336-5" continuedAt="f-1336-6"><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_895"></div><div style="margin-bottom:3pt"><span id="id3a94e59833e419bb8756d9e4d83a296"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">c) Offshore entities </span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="ifff3a22a8b4f41b28d06e0d5da6a0923"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Spanish regulation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to current Spanish regulation (Law 11/2021, of 9 July; Royal Decree 1080/1991, of 5 July; and Order HFP/115/2023, of 9 February), at year-end 2025 Grupo Santander has <ix:nonFraction unitRef="branch" contextRef="c-340" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" format="ixt-sec:numwordsen" scale="0" id="f-1379">three</ix:nonFraction> branches in the non-cooperative jurisdictions of Jersey, the Isle of Man and the Cayman Islands (offshore entities). The Group also has a subsidiary in Guernsey, which is in the process of being wound up and is tax resident in the United Kingdom, and is therefore subject to its tax regime. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i130b2c91a0e944a086a0abfbf540ed69"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Offshore branches</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As previously mentioned, Grupo Santander has <ix:nonFraction unitRef="branch" contextRef="c-341" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" format="ixt-sec:numwordsen" scale="0" id="f-1380">three</ix:nonFraction> offshore branches in the non-cooperative jurisdictions of the Cayman Islands, the Isle of Man and Jersey. They report to, and consolidate balance sheets and income statements with, their respective foreign headquarters. They are taxed either with their headquarters (the Cayman Islands branch in Brazil) or in the territories they are located (Jersey and the Isle of Man, pertain to the UK).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These <ix:nonFraction unitRef="branch" contextRef="c-341" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" format="ixt-sec:numwordsen" scale="0" id="f-1381">three</ix:nonFraction> offshore branches have a total of <ix:nonFraction unitRef="employee" contextRef="c-341" decimals="INF" name="ifrs-full:NumberOfEmployees" scale="0" id="f-1382">147</ix:nonFraction> employees as of December 2025.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="idc786effcee648ca9650abbf19c68516"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Subsidiaries in non-cooperative jurisdictions that are tax resident in the United Kingdom (UK)</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander also has a subsidiary incorporated in the non-cooperative jurisdiction of Guernsey, which is not deemed an offshore entity because it operated exclusively from the UK and is tax resident there, and is therefore subject to UK tax law. This subsidiary is in the process of being liquidated as of December 31, 2025.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, during 2025 a subsidiary incorporated in Bermuda  and tax resident in the United Kingdom, was liquidated.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i92c59024d89242759490d88da0a23095"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Other offshore holdings</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">From Brazil, Grupo Santander manages Santander Brazil Global Investment Fund SPC, a segregated portfolio company located in the Cayman Islands. The Group also holds minority, non-controlling financial interests in entities located in non-cooperative jurisdictions, including, among others, Klar Holdings Limited in the Cayman Islands.<span id="i47cdd7cd05694b6ab5223c104620441d"></span></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:120%"> </span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i58f5c844de0e4cb59164f3478e27d8f4"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">The European Union (EU)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander has no presence in any of the <ix:nonFraction unitRef="jurisdiction" contextRef="c-2" decimals="INF" name="san:NumberOfJurisdictionsWithinEUsBlacklist" scale="0" id="f-1383">11</ix:nonFraction> jurisdictions included on the EU Council&#8217;s blacklist of non-cooperative jurisdictions for tax purposes as of 31 December 2025. Additionally, the EU grey list comprises another <ix:nonFraction unitRef="branch" contextRef="c-2" decimals="INF" name="san:NumberOfJurisdictionsWithinEUsGreyList" scale="0" id="f-1384">11</ix:nonFraction> jurisdictions which have sufficiently committed to fully adapting their legislation to international tax standards, subject to monitoring by the EU. Within these grey-list jurisdictions, Santander operates only in Morocco through one subsidiary and holds a minority interest in a financial institution tax resident in that jurisdiction.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">173</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-156"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1336-6"><div style="margin-bottom:3pt"><span id="i874031b2f66645ab8c8ef47cd7035f7b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:115%">Organization for Economic Cooperation and Development (OECD)</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">Grupo Santander has no presence in any jurisdictions non-compliant with both OECD standards on transparency and exchange of information for tax purposes (the automatic exchange of information AEOI standard and the exchange of information on request EOIR standard), according to the last annual reports of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, released on 2 December 2025. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">However, Vietnam &#8212;a jurisdiction where Santander has a subsidiary&#8212; does not comply with the EOIR standard. Meanwhile, The Bahamas and Chile &#8212;jurisdictions where Santander is also present&#8212;, although they have complete legal and regulatory frameworks in place for the implementation of the AEOI standard, they still need to improve the effectiveness of this standard.</span></div><div><span><br/></span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDetailedInformationOnOffshoreTerritoriesTableTextBlock" id="f-1385" continuedAt="f-1385-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander presence in offshore territories at the end of 2025 is as follows:</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Group presence in non-cooperative jurisdictions</span></div><div><span><br/></span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.858%"><tr><td style="width:1.0%"/><td style="width:49.055%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.822%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.823%"/><td style="width:0.1%"/></tr><tr style="height:30pt"><td colspan="3" rowspan="2" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Regulatory framework</span></div></td><td colspan="6" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group presence in non-cooperative jurisdictions</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Subsidiaries</span></div></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Branches</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spanish legislation</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">a</span></div></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="subsidiary" contextRef="c-340" decimals="INF" name="san:NumberOfSubsidiariesResidentInOffShoreTerritories" format="ixt:fixed-zero" scale="0" id="f-1386">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-340" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" format="ixt:num-dot-decimal" id="f-1387">3</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">b</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Council of the EU blacklist</span></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="subsidiary" contextRef="c-342" decimals="INF" name="san:NumberOfSubsidiariesResidentInOffShoreTerritories" format="ixt:fixed-zero" scale="0" id="f-1388">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-342" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" format="ixt:fixed-zero" scale="0" id="f-1389">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">OECD</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">c</span></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="subsidiary" contextRef="c-343" decimals="INF" name="san:NumberOfSubsidiariesResidentInOffShoreTerritories" format="ixt:fixed-zero" scale="0" id="f-1390">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-343" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" format="ixt:fixed-zero" scale="0" id="f-1391">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="subsidiary" contextRef="c-344" decimals="INF" name="san:NumberOfSubsidiariesResidentInOffShoreTerritories" format="ixt:fixed-zero" scale="0" id="f-1392">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-344" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" scale="0" id="f-1393">3</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="subsidiary" contextRef="c-345" decimals="INF" name="san:NumberOfSubsidiariesResidentInOffShoreTerritories" format="ixt:fixed-zero" scale="0" id="f-1394">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-345" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" scale="0" id="f-1395">3</ix:nonFraction></span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">a</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.84pt">Additionally, there is <ix:nonFraction unitRef="subsidiary" contextRef="c-346" decimals="INF" name="san:NumberOfSubsidiariesTaxResidentInTheUK" format="ixt-sec:numwordsen" scale="0" id="f-1396">one</ix:nonFraction> subsidiary constituted in Guernsey (in the process of winding up), but resident for tax purposes in the UK.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">b</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.59pt">The Group has <ix:nonFraction unitRef="branch" contextRef="c-347" decimals="INF" name="san:NumberOfBranchesResidentInOffShoreTerritories" format="ixt-sec:numwordsen" scale="0" id="f-1397">three</ix:nonFraction> branches in Jersey, the Isle of Man and the Cayman Islands. These jurisdictions are not included in the European Union&#8217;s October 2025 blacklist and fully comply with both OECD international standards on transparency and exchange of information for tax purposes (AEOI and EOIR). </span></div></ix:nonNumeric><div style="padding-left:11.34pt;text-indent:-11.34pt"><ix:continuation id="f-1385-1" continuedAt="f-1385-2"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">c</span></ix:continuation><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:8.33pt"><ix:continuation id="f-1385-2">Jurisdictions non-compliant with both OECD standards (AEOI and EOIR).</ix:continuation> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has the right mechanisms (risk management, supervision, verification and review plans, and regular reporting) to prevent reputational, tax and legal risks in entities resident in non-cooperative jurisdictions. Grupo Santander also maintains its policy of limiting and reducing its presence in non-cooperative jurisdictions when possible.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">PwC member firms audited the financial statements of Grupo Santander&#8217;s offshore entities in 2025, 2024 and 2023.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_901"></div><div style="margin-bottom:6pt"><span id="i332d957ffeba464095a7743d3b22fcfa"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">4. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfShareholderDistributionShareholderRemunerationAndEarningsPerShareTextBlock" id="f-1401" continuedAt="f-1401-1" escape="true">Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share</ix:nonNumeric></span></div><ix:continuation id="f-1401-1" continuedAt="f-1401-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9159fb1bfe824a72bb5c7238cbedc943_2540"></span><span id="i412689de8bcc4ea88b7189b00fbcd04c"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Distribution of Banco Santander's profit and shareholder remuneration scheme</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfDistributionOfNetProfitTableTextBlock" id="f-1402" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution of the Bank's current annual results that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:203.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:35.50pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To dividends</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-349" decimals="-6" name="ifrs-full:DividendsPaid" format="ixt:num-dot-decimal" scale="6" id="f-1403">3,520</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Dividend paid at 31 December</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-350" decimals="-6" name="ifrs-full:DividendsPaid" format="ixt:num-dot-decimal" scale="6" id="f-1404">1,699</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Complementary dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-351" decimals="-6" name="ifrs-full:DividendsPaid" format="ixt:num-dot-decimal" scale="6" id="f-1405">1,821</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To voluntary reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-349" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings" format="ixt:num-dot-decimal" scale="6" id="f-1406">7,593</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net profit for the&#160;year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-349" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-1407">11,113</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Total amount paid as interim dividend, at the rate of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-350" decimals="3" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare" scale="-2" id="f-1408">11.5</ix:nonFraction> fixed cents per eligible share (recorded in 'Shareholders' equity - Interim dividends').</span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Fixed complementary dividend of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-351" decimals="3" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" scale="-2" id="f-1409">12.5</ix:nonFraction> gross cents per eligible share, payable in cash as from 5 May 2026. The total amount has been estimated on the assumption that, as a result of the partial implementation of the buyback program announced on February 3, 2026, the number of the Bank's outstanding shares eligible for the dividend will be <ix:nonFraction unitRef="shares" contextRef="c-349" decimals="0" name="san:NumberOfSharesOutstandingEntitledToReceiveDividend" format="ixt:num-dot-decimal" scale="0" id="f-1410">14,568,470,446</ix:nonFraction> and that, as envisaged, the capital increase submitted to the 2026 general meeting under item 6.C of the agenda will not be executed before 5 May 2026. Therefore, the total amount of the complementary dividend may be lower if more shares than initially envisaged are acquired under the buy-back programme, or higher if fewer shares are acquired under the buy-back programme or if the capital increase submitted to this general meeting under item 6.C of the agenda is executed before 5 May 2026.</span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Estimated amount corresponding to a complementary dividend of EUR <ix:nonFraction unitRef="eur" contextRef="c-351" decimals="2" name="ifrs-full:DividendsPaid" format="ixt:num-dot-decimal" scale="0" id="f-1411">1,821,058,805.75</ix:nonFraction>. To be increased or reduced by the same amount by which the total amount of the final dividend is lower or higher, respectively, than its estimated amount.</span></div></ix:nonNumeric><div style="text-indent:9.21pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The transcribed proposal comprises the part of the 2025 shareholder remuneration policy that is implemented through cash dividends (the interim dividend paid in November 2025 of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-352" decimals="3" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare" scale="-2" id="f-1412">11.5</ix:nonFraction> cents per share with dividend entitlement, approved by the board of directors on September 30, 2025, and the complementary dividend expected to be paid as of  5 May 2026, of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-353" decimals="3" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" scale="-2" id="f-1413">12.5</ix:nonFraction> cents per share with the dividend entitlement, proposed by the board of directors on 24 February 2026, and therefore subject to approval by the general meeting).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remuneration policy also provides for shareholder remuneration through the implementation of share buyback programmes, to which an amount equivalent to <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:ShareBuybackProgramPercentageOfUnderlyingProfit" scale="-2" id="f-1414">25</ix:nonFraction>% of the Group&#8217;s underlying profit will be allocated. The first programme charged to 2025 results, amounting to approximately amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-354" decimals="-6" name="san:ShareBuybackProgramAmount" format="ixt:num-dot-decimal" scale="6" id="f-1415">1,700</ix:nonFraction>&#160;million, was completed between August 2025 and December 2025. In addition, in 2025 Banco Santander announced its objective of allocating at least EUR <ix:nonFraction unitRef="eur" contextRef="c-355" decimals="-6" name="san:ShareBuybackProgramAmount" format="ixt:num-dot-decimal" scale="6" id="f-1416">10,000</ix:nonFraction>&#160;million to share buybacks in respect of 2025 and 2026 results and expected excess capital. As part of this objective, on 4 February 2026 a second buyback programme was launched for a maximum total amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-356" decimals="-6" name="san:ShareBuybackProgramAmount" format="ixt:num-dot-decimal" scale="6" id="f-1417">5,030</ix:nonFraction> million, of which EUR <ix:nonFraction unitRef="eur" contextRef="c-357" decimals="-6" name="san:ShareBuybackProgramAmount" format="ixt:num-dot-decimal" scale="6" id="f-1418">1,830</ix:nonFraction>&#160;million corresponds to an amount equivalent to c.<ix:nonFraction unitRef="number" contextRef="c-358" decimals="2" name="san:ShareBuybackProgramPercentageOfUnderlyingProfit" scale="-2" id="f-1419">25</ix:nonFraction>% of the Group&#8217;s underlying profit in the second half of 2025, and the remaining EUR <ix:nonFraction unitRef="eur" contextRef="c-359" decimals="-6" name="san:ShareBuybackProgramAmount" format="ixt:num-dot-decimal" scale="6" id="f-1420">3,200</ix:nonFraction>&#160;million corresponds to c.<ix:nonFraction unitRef="number" contextRef="c-358" decimals="2" name="san:ShareBuybackProgramPercentageOfCapitalReleasedOfSaleOfPoland" scale="-2" id="f-1421">50</ix:nonFraction>% of the capital released following completion of the sale of the <ix:nonFraction unitRef="number" contextRef="c-360" decimals="2" name="san:SaleOfProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-1422">49</ix:nonFraction>% stake in Santander Bank Polska. A capital reduction resolution is also being submitted to the general meeting to enable the cancellation of the treasury shares acquired under this second buyback programme.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">174</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-157"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1401-2" continuedAt="f-1401-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accounting statement, prepared by the Bank pursuant to legal requirements, evidencing the existence of sufficient liquidity for the payment of the interim dividend on the date and for the amount mentioned above, was as follows:</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfProvisionalAccountingStatementForInterimDividendTableTextBlock" id="f-1423" escape="true"><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:72.665%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.135%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 August 2025</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit before taxes</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-361" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-1424">6,193</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-361" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-1425">635</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends paid in cash</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-361" decimals="-6" name="ifrs-full:DividendsPaid" format="ixt:fixed-zero" scale="6" id="f-1426">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Distributable maximum amount</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-361" decimals="-6" name="san:DividendsMaximumAmountDistributable" format="ixt:num-dot-decimal" scale="6" id="f-1427">5,558</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Available liquidity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-362" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-1428">96,923</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, and although it does not form part of the remuneration charged to the 2025 financial year, it is hereby stated that, in execution of the resolution of the general meeting held on 4 April 2025, on 2 May 2025 the Bank paid a final cash dividend of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-363" decimals="2" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare" scale="-2" id="f-1429">11</ix:nonFraction> cents per share charged to the results of the 2024 financial year.  Finally, also charged to the results of 2024, the Bank implemented <ix:nonFraction unitRef="program" contextRef="c-1" decimals="INF" name="san:NumberOfShareBuybackPrograms" format="ixt-sec:numwordsen" scale="0" id="f-1430">two</ix:nonFraction> repurchase programs. The first of them for a maximum amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-364" decimals="-6" name="san:ShareBuybackProgramAmount" format="ixt:num-dot-decimal" scale="6" id="f-1431">1,525</ix:nonFraction> million, was completed in December 2024, and the second, for a maximum amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-365" decimals="-6" name="san:ShareBuybackProgramAmount" format="ixt:num-dot-decimal" scale="6" id="f-1432">1,587</ix:nonFraction>&#160;million, was completed in June 2025.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ica8bd92432c445b9abd53378bdd1f356"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Earnings/loss per share from continuing and discontinued operations</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i57432fb88e6042a28c2214bb6b8e89a6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Basic earnings / loss per share</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Basic earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares (PPCC) recognised in equity and the capital perpetual preference shares (PPCA) (see note&#160;23), if applicable, by the weighted average number of ordinary shares outstanding during that period, excluding the average number of own shares held through that period.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:EarningsPerShareExplanatory" id="f-1433" continuedAt="f-1433-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly:</span></div><div 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format="ixt:num-dot-decimal" scale="6" id="f-1434">14,101</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-1435">12,574</ix:nonFraction></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-1436">11,076</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities" 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#9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (non controlling interest net) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" scale="6" id="f-1443">962</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" scale="6" id="f-1444">822</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" scale="6" id="f-1445">717</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (non-controlling interest and PPCC and PPCA net) <br/>(EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1446">12,517</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1447">11,132</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1448">9,867</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1449">14,890,304,840</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1450">15,497,607,269</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-87" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1451">16,172,084,714</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-1452">0.905</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-1453">0.771</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:BasicEarningsLossPerShare" scale="0" id="f-1454">0.654</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:BasicEarningsLossPerShareFromDiscontinuedOperations" scale="0" id="f-1455">0.065</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:BasicEarningsLossPerShareFromDiscontinuedOperations" scale="0" id="f-1456">0.053</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:BasicEarningsLossPerShareFromDiscontinuedOperations" scale="0" id="f-1457">0.044</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:BasicEarningsLossPerShareFromContinuingOperations" scale="0" id="f-1458">0.840</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:BasicEarningsLossPerShareFromContinuingOperations" scale="0" id="f-1459">0.718</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:BasicEarningsLossPerShareFromContinuingOperations" scale="0" id="f-1460">0.610</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">175</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-158"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1401-3"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i798140aa57f743b6a55695352273d191"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Diluted earnings / loss per share</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Diluted earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity (PPCC) recognised in equity and the capital perpetual preference shares (PPCA) (see note&#160;23), by the weighted average number of ordinary shares outstanding during the&#160;year, excluding the average number of treasury shares and adjusted for all the dilutive effects inherent to potential ordinary shares (share options, and convertible debt securities).</span></div><ix:continuation id="f-1433-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, diluted earnings/loss per share were determined as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"/><td style="width:76.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:52.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:52.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:52.75pt"/><td style="width:1.0pt"/></tr><tr style="height:11pt"><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (Loss) attributable to the Parent (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-1461">14,101</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-1462">12,574</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-1463">11,076</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (Note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities" scale="6" id="f-1464">622</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities" scale="6" id="f-1465">620</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities" scale="6" id="f-1466">492</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:DilutiveEffectOfPotentialConversionOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-1467">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:DilutiveEffectOfPotentialConversionOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-1468">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:DilutiveEffectOfPotentialConversionOfOrdinaryShares" format="ixt:fixed-zero" scale="6" id="f-1469">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1470">13,479</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1471">11,954</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1472">10,584</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:48pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" scale="6" id="f-1473">962</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" scale="6" id="f-1474">822</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" scale="6" id="f-1475">717</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (net of non-controlling interests and PPCC and PPCA) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1476">12,517</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1477">11,132</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" format="ixt:num-dot-decimal" scale="6" id="f-1478">9,867</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1479">14,890,304,840</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1480">15,497,607,269</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-87" decimals="0" name="ifrs-full:WeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1481">16,172,084,714</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of options/rights on shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="san:DilutiveEffectOfShareOptionsAndShareRightsOnNumberOfOrdinaryShares" format="ixt:num-dot-decimal" scale="0" id="f-1482">85,269,647</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="san:DilutiveEffectOfShareOptionsAndShareRightsOnNumberOfOrdinaryShares" format="ixt:num-dot-decimal" scale="0" id="f-1483">70,110,570</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-87" decimals="0" name="san:DilutiveEffectOfShareOptionsAndShareRightsOnNumberOfOrdinaryShares" format="ixt:num-dot-decimal" scale="0" id="f-1484">75,180,407</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Adjusted number of shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="ifrs-full:AdjustedWeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1485">14,975,574,487</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="ifrs-full:AdjustedWeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1486">15,567,717,839</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-87" decimals="0" name="ifrs-full:AdjustedWeightedAverageShares" format="ixt:num-dot-decimal" scale="0" id="f-1487">16,247,265,121</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-1488">0.900</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-1489">0.768</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:DilutedEarningsLossPerShare" scale="0" id="f-1490">0.651</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:DilutedEarningsLossPerShareFromDiscontinuedOperations" scale="0" id="f-1491">0.064</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:DilutedEarningsLossPerShareFromDiscontinuedOperations" scale="0" id="f-1492">0.053</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:DilutedEarningsLossPerShareFromDiscontinuedOperations" scale="0" id="f-1493">0.044</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="3" name="ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations" scale="0" id="f-1494">0.836</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="3" name="ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations" scale="0" id="f-1495">0.715</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eurPerShare" contextRef="c-87" decimals="3" name="ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations" scale="0" id="f-1496">0.607</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="padding-left:7.08pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_904"></div><div style="margin-bottom:9pt;margin-top:120pt"><span id="ie0994a5c753f42d89f20736cbcebbd50"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">5. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" id="f-1497" continuedAt="f-1497-1" escape="true">Remuneration and other benefits paid to the Bank&#8217;s directors and senior managers</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_907"></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:continuation id="f-1497-1" continuedAt="f-1497-2">The following section contains qualitative and quantitative disclosures on the remuneration paid to the members of the board of directors &#8212;both executive and non-executive directors&#8212; and senior managers for 2025 and 2024</ix:continuation>.</span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_916"></div><ix:continuation id="f-1497-2" continuedAt="f-1497-3"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib8d1bfde2c6e40399de7afe37ab2a4da"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Remuneration of Directors</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i3b56fe5d95444c75bf7c7760b9144913"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Bylaw-stipulated emoluments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The annual general meeting held on 22 March 2013 approved an amendment to the Bylaws, whereby the remuneration of directors in their capacity as board members became an annual fixed amount determined by the annual general meeting. This amount shall remain in effect unless the shareholders resolve to change it at a general meeting. However, the board of directors may elect to reduce the amount in any years in which it deems such action justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The maximum remuneration established by the annual general meeting was EUR <ix:nonFraction unitRef="eur" contextRef="c-366" decimals="-6" name="san:KeyManagementPersonnelCompensationBoardApprovedAnnualAmount" scale="6" id="f-1498">6</ix:nonFraction>&#160;million  in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-367" decimals="-6" name="san:KeyManagementPersonnelCompensationBoardApprovedAnnualAmount" scale="6" id="f-1499">6</ix:nonFraction>&#160;million in 2024), with <ix:nonFraction unitRef="remuneration_component" contextRef="c-368" decimals="INF" name="san:NumberOfRemunerationComponents" format="ixt-sec:numwordsen" scale="0" id="f-1500">two</ix:nonFraction> components: (a)&#160;an annual emolument and (b)&#160;attendance fees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The specific amount payable for the above-mentioned items to each of the directors is determined by the board of directors. For such purpose, it takes into consideration the positions held by each director on the board, their membership of the board and the board committees and their attendance to the meetings thereof, and any other objective circumstances considered by the board.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The total Bylaw-stipulated emoluments earned by the directors in 2025 amounted to EUR  <ix:nonFraction unitRef="eur" contextRef="c-368" decimals="-5" name="san:KeyManagementPersonnelCompensationByLawStipulatedEmoluments" scale="6" id="f-1501">5.3</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-369" decimals="-5" name="san:KeyManagementPersonnelCompensationByLawStipulatedEmoluments" scale="6" id="f-1502">5.4</ix:nonFraction>&#160;million in 2024).</span></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">176</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-159"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-3" continuedAt="f-1497-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id100392053194ae8bf491a587919ba48"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Annual allotment</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTransactionsBetweenRelatedPartiesRemunerationAnnualEmolumentTableTextBlock" id="f-1503" escape="true"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For 2025, the board of directors, upon recommendation of the remuneration committee, approved a <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:IncreaseDecreaseKeyManagementPersonnelCompensationDirectorCompensationPerDirectorPercentage" scale="-2" id="f-1504">3</ix:nonFraction>% increase in the annual</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">allotments payable to the chair and members of the board and its committees (including the executive committee), as well as to the lead independent director and the non-executive Vice Chair .  Accordingly, each director received, in respect of 2024 and 2025, the amounts corresponding to their service on the board and its committees, with such amounts determined by the specific position held, as detailed in the table below.</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:62.480%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.727%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.493%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Amount per director in euros</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the board of directors</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-368" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1505">100,940</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-369" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1506">98,000</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the executive committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-370" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1507">175,100</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-371" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1508">170,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the audit committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-372" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1509">44,290</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-373" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1510">43,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the appointments committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-374" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1511">28,840</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-375" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1512">28,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the remuneration committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-376" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1513">28,840</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-377" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1514">28,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-378" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1515">44,290</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-379" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1516">43,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the responsible banking, sustainability and culture committee </span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-380" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1517">28,840</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-381" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1518">28,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the innovation and technology committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-382" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1519">28,840</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-383" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1520">28,000</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the audit committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-384" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1521">72,100</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-385" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1522">70,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the appointments committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-386" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1523">51,500</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-387" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1524">50,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the remuneration committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-388" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1525">51,500</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-389" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1526">50,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-390" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1527">72,100</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-391" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1528">70,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the responsible banking, sustainability and culture committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-392" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1529">51,500</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-393" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1530">50,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the innovation and technology committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-394" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1531">72,100</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-395" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1532">70,000</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Lead independent  director</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:105%;position:relative;top:-2.44pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-396" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1533">113,300</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-397" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1534">110,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-executive Vice Chair</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-398" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1535">30,900</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-399" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1536">30,000</ix:nonFraction></span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Glenn Hutchins has been allocated EUR <ix:nonFraction unitRef="eur" contextRef="c-400" decimals="INF" name="san:KeyManagementPersonnelCompensationDirectorCompensationPerDirector" format="ixt:num-dot-decimal" scale="0" id="f-1537">700,000</ix:nonFraction> (including annual allowances and attendance fees) in minimum total annual pay set for the required time and dedication to perform his roles.</span></div></ix:nonNumeric><div style="margin-bottom:3pt;margin-top:9pt"><span id="i05e713c2bd1f46848162ab7ff10dc41a"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Attendance fees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The directors receive fees for attending board and committee meetings, excluding executive committee meetings, where no attendance fees are received.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In line with the adjustment to the annual allotments, the board of directors approved a <ix:nonFraction unitRef="number" contextRef="c-401" decimals="2" name="san:IncreaseDecreaseKeyManagementPersonnelCompensationAttendanceFeesPercentage" scale="-2" id="f-1538">3</ix:nonFraction>% increase for 2025 in attendance fees compared with 2024. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, attendance fees for meetings of the board and its committees (with the exception of the Executive Committee, for which no attendance fees are payable) amounted, for the last two years, to the totals set out in the table below<ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTransactionsBetweenRelatedPartiesRemunerationAttendanceFeesExplanatoryTableTextBlock" id="f-1539" continuedAt="f-1539-1" escape="true">:</ix:nonNumeric></span></div><ix:continuation id="f-1539-1"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.437%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.720%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.543%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attendance fees per director per meeting in euros </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Board of directors</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-368" decimals="0" name="san:KeyManagementPersonnelCompensationAttendanceFeesPerMeeting" format="ixt:num-dot-decimal" scale="0" id="f-1540">2,785</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-369" decimals="0" name="san:KeyManagementPersonnelCompensationAttendanceFeesPerMeeting" format="ixt:num-dot-decimal" scale="0" id="f-1541">2,704</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit committee and risk supervision, regulation and compliance committee</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-402" decimals="0" name="san:KeyManagementPersonnelCompensationAttendanceFeesPerMeeting" format="ixt:num-dot-decimal" scale="0" id="f-1542">1,821</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-403" decimals="0" name="san:KeyManagementPersonnelCompensationAttendanceFeesPerMeeting" format="ixt:num-dot-decimal" scale="0" id="f-1543">1,768</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other committees (excluding executive committee) </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-404" decimals="0" name="san:KeyManagementPersonnelCompensationAttendanceFeesPerMeeting" format="ixt:num-dot-decimal" scale="0" id="f-1544">1,606</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-405" decimals="0" name="san:KeyManagementPersonnelCompensationAttendanceFeesPerMeeting" format="ixt:num-dot-decimal" scale="0" id="f-1545">1,560</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span id="iba037c01194d4f85b6d84e4807b6af76"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Salaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The executive directors receive salaries. In accordance with the policy approved by the annual general meeting, salaries are composed of a fixed annual remuneration and a variable one, which consists in a unique incentive, which is a deferred variable remuneration plan linked to multi-year objectives, which establishes the following payment scheme:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-1546">40</ix:nonFraction>% of the variable remuneration amount, determined at year-end on the basis of the achievement of the established objectives, is paid immediately. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The remaining <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-1547">60</ix:nonFraction>% is deferred over <ix:nonNumeric contextRef="c-1" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-1548">five years</ix:nonNumeric>, provided that the conditions of permanence in the Group and non-concurrence of the malus clauses are met, and subject to long term metrics, taking into account the following accrual scheme: </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The accrual of the first and second portion (<ix:nonFraction unitRef="number" contextRef="c-406" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-1549">20</ix:nonFraction>% of total variable compensation, paid in 2027 and 2028)  will be conditional on none of the malus clauses being triggered.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The accrual of the third, fourth and fifth portion (<ix:nonFraction unitRef="number" contextRef="c-407" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-1550">40</ix:nonFraction>% of total variable compensation and paid in 2029, 2030 and 2031), is linked to objectives related to the period 2025&#8212;2027 and the metrics and scales associated with these objectives. The fulfilment of the objectives determines the percentage to be paid of the deferred amount in these <ix:nonFraction unitRef="annuity" contextRef="c-1" decimals="INF" name="san:VariableRemunerationDeferredPaymentNumberOfAnnuities" format="ixt-sec:numwordsen" scale="0" id="f-1551">three</ix:nonFraction> annuities, and these targets can reduce these amounts and the number of deferred instruments, or increase them up to a maximum achievement ratio of <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:VariableRemunerationMaximumAchievementRatio" scale="-2" id="f-1552">125</ix:nonFraction>%, so executives have the incentive to exceed their targets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with current remuneration policies, the amounts already paid will be subject to a possible recovery (clawback) by the Bank during the period set out in the policy in force at each moment. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Payment of the approved incentive is paid  <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentPercentagePaidInCash" scale="-2" id="f-1553">40</ix:nonFraction>% in cash and the remaining <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentPercentagePaidInShares" scale="-2" id="f-1554">60</ix:nonFraction>% in instruments, consisting of Banco Santander  shares and restricted stock units (RSUs) of PagoNxt, split as:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9702; the amount of PagoNxt RSUs set for each year; and</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#9702; the rest, all in shares of Banco Santander. </span></div><div style="margin-bottom:3pt"><span id="i9989b831538a42b496e083843d206d84"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Comparative of executive remuneration (Chair and CEO) </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The target bonus of the Executive Chair and the CEO for 2025 remains unchanged compared to 2024.<br/><br/>Variable contributions to pensions were not modified in 2025, so the amounts are the <ix:nonFraction unitRef="number" contextRef="c-409" decimals="2" name="san:DefinedBenefitObligationPensionableBasePercentageOfBasis" scale="-2" id="f-1555">22</ix:nonFraction>% of the <ix:nonFraction unitRef="number" contextRef="c-409" decimals="2" name="san:DefinedBenefitObligationPensionableBaseBasisPercentageOfBonusAverage" scale="-2" id="f-1556">30</ix:nonFraction>% of the last <ix:nonFraction unitRef="branch" contextRef="c-409" decimals="INF" name="san:DefinedBenefitObligationPensionableBaseBasisNumberOfPreviousBonuses" format="ixt-sec:numwordsen" scale="0" id="f-1557">three</ix:nonFraction> assigned bonus' average.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In assessing individual performance, the Board considered the Grupo Santander&#8217;s strong results for 2025, reflecting continued delivery of our strategic plan. Attributable profit reached EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-1558">14,101</ix:nonFraction>&#160;million in 2025, up <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:ProfitLossAttributableToOwnersOfParentIncreaseDecreasePercentage" scale="-2" id="f-1559">12</ix:nonFraction>% year-on-year (or +<ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:ProfitLossAttributableToOwnersOfParentIncreaseDecreasePercentageInConstantEuros" scale="-2" id="f-1560">16</ix:nonFraction>% in constant euros), with a TSR during the year of <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:TotalShareholderReturnPercentage" scale="-2" id="f-1561">132</ix:nonFraction>% (+<ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:DifferenceBetweenTotalShareholderReturnAndPeerGroupPercentage" scale="-2" id="f-1562">60</ix:nonFraction>% in relative terms vs. our peer group).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Board also evaluated the leadership of the Executive Chair and the Chief Executive Officer in delivering these results and advancing the Group&#8217;s strategic priorities. Taking these factors into account, it determined that both executives achieved an 'Exceptional' level of performance and approved the corresponding variable remuneration.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Moreover, the ratio of executive directors&#8217; total remuneration to underlying attributable profit fell to <ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:RatioOfExecutiveDirectorsTotalRemunerationToUnderlyingAttributableProfit" scale="-2" id="f-1563">0.17</ix:nonFraction>% from <ix:nonFraction unitRef="number" contextRef="c-86" decimals="4" name="san:RatioOfExecutiveDirectorsTotalRemunerationToUnderlyingAttributableProfit" scale="-2" id="f-1564">0.18</ix:nonFraction>% in 2024.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">177</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-160"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-4" continuedAt="f-1497-5"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4b16e4c8e855424c9b0bba8062f205a8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Detail by director</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTransactionsBetweenRelatedPartiesRemunerationOfKeyPersonnelExcludingRemunerationForMultiAnnualObjectivesTableTextBlock" id="f-1565" continuedAt="f-1565-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2025 and 2024 is provided below:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:13.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.423%"/><td style="width:0.1%"/></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="padding:0 1pt"/><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2025</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Bylaw-stipulated emoluments</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Annual emolument</span></td></tr><tr style="height:15pt"><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Board</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">F</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Executive committee</span></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Audit committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Nomination committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Remuneration committee</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Risk supervision, regulation and compliance oversight committee</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">2</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Responsible banking, sustainability and culture committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Innovation and technology committee</span></div></td><td 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name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1566">101</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-411" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1567">175</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-412" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1568">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-413" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1569">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-414" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1570">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-415" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1571">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-416" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1572">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-417" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1573">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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id="f-1582">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-427" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1583">44</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Jos&#233; Antonio &#193;lvarez</span></td><td colspan="2" style="border-top:0.25pt solid 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id="f-1589">44</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-434" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1590">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-435" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1591">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-436" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1592">67</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td 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id="f-1596">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-441" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1597">80</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-442" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1598">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-443" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1599">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-453" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1609">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-454" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1610">81</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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id="f-1613">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-458" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1614">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-459" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1615">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-460" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1616">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1620">101</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-465" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1621">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-1648">175</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-493" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1649">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-494" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1650">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-495" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1651">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-1673">93</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germ&#225;n de la Fuente</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-518" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1674">101</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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id="f-1678">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-523" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1679">44</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-524" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1680">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-525" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1681">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-526" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1682">83</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Carlos Barrab&#233;s</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-527" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1683">101</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-528" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1684">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-529" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1685">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-530" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1686">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-531" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1687">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-532" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1688">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-533" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1689">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-534" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1690">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-535" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1691">71</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Antonio Weiss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-536" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1692">101</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-537" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1693">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-538" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1694">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-539" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1695">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-540" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1696">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-541" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1697">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-542" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1698">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-543" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1699">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-544" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1700">50</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-545" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1701">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-546" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1702">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-547" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1703">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-548" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1704">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-551" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1707">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-552" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1708">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-553" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1709">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-554" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1710">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-555" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1711">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-556" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:fixed-zero" scale="3" id="f-1712">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-372" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1721">292</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-374" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1722">196</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1724">292</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-380" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1725">196</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-382" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1726">304</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-563" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:num-dot-decimal" scale="3" id="f-1727">1,047</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 2024</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-369" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:num-dot-decimal" 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-379" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1733">263</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt 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name="ifrs-full:KeyManagementPersonnelCompensation" scale="3" id="f-1735">280</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-564" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensation" format="ixt:num-dot-decimal" scale="3" id="f-1736">1,240</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. All amounts received were reimbursed to Fundaci&#243;n Bot&#237;n.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Director and member of the nomination committee, responsible banking, sustainability and culture committee and innovation and technology committee since 27 June 2024.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Director since 27 June 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. Stepped down as director on 22 March 2024.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E. Stepped down as director on 27 June 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F. Also includes emoluments for other roles in the board.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Changes in the chairship or membership of the committees:</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Antonio Weiss was appointed member of the remuneration committee on 1 January 2025.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Jos&#233; Antonio &#193;lvarez was appointed member of the risk supervision, regulation and compliance oversight committee on 1 January 2025.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    Other remuneration includes EUR <ix:nonFraction unitRef="eur" contextRef="c-565" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" format="ixt:num-dot-decimal" scale="3" id="f-1737">1,000</ix:nonFraction>&#160;thousand for the role as non-executive Chair of the Santander Espa&#241;a business unit and for attending its board and committee meetings for Luis Isasi. For Jos&#233; Antonio &#193;lvarez, this amount includes remuneration as strategic advisor of Grupo Santander, life and health insurance contributions (EUR <ix:nonFraction unitRef="eur" contextRef="c-428" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedLifeAndHealthInsuranceContribution" scale="3" id="f-1738">678</ix:nonFraction>&#160;thousand) and part of the former supplement for having waived the death and disability policy (EUR <ix:nonFraction unitRef="eur" contextRef="c-428" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedWaivingDeathAndDisabilityPolicy" scale="3" id="f-1739">12</ix:nonFraction>&#160;thousand).</span></div></ix:nonNumeric></ix:continuation><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">178</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-161"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1565-1" continuedAt="f-1565-2"><ix:continuation id="f-1497-5" continuedAt="f-1497-6"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:13.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.276%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:4pt"><td colspan="3" style="padding:0 1pt"/><td colspan="18" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Short-term and deferred (not subject to long-term goals) salaries of executive directors</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Variable - immediate payment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Deferred variable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Pension contribution</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Other remuneration</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:num-dot-decimal" scale="3" id="f-1740">3,435</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:num-dot-decimal" scale="3" id="f-1741">2,003</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:num-dot-decimal" scale="3" id="f-1742">2,003</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1743">1,001</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1744">1,002</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermAndDeferred" format="ixt:num-dot-decimal" scale="3" id="f-1745">9,444</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1746">1,341</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" scale="3" id="f-1747">843</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-566" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-592" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1877">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-592" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" scale="3" id="f-1878">259</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-593" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" scale="3" id="f-1879">128</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Antonio Weiss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:fixed-zero" scale="3" id="f-1880">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:fixed-zero" scale="3" id="f-1881">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:fixed-zero" scale="3" id="f-1882">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1883">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1884">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermAndDeferred" format="ixt:fixed-zero" scale="3" id="f-1885">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:fixed-zero" scale="3" id="f-1886">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1887">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-594" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" scale="3" id="f-1888">180</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-595" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" scale="3" id="f-1889">72</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:fixed-zero" scale="3" id="f-1890">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:fixed-zero" scale="3" id="f-1891">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:fixed-zero" scale="3" id="f-1892">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1893">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1894">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermAndDeferred" format="ixt:fixed-zero" scale="3" id="f-1895">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:fixed-zero" scale="3" id="f-1896">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1897">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-596" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1898">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-597" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" scale="3" id="f-1899">78</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-598" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:fixed-zero" scale="3" id="f-1900">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-598" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:fixed-zero" scale="3" id="f-1901">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="san:KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1903">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-598" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1904">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-598" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermAndDeferred" format="ixt:fixed-zero" scale="3" id="f-1905">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-598" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:fixed-zero" scale="3" id="f-1906">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-598" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1907">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-598" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" format="ixt:fixed-zero" scale="3" id="f-1908">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-599" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" scale="3" id="f-1909">271</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:num-dot-decimal" scale="3" id="f-1910">6,585</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:num-dot-decimal" scale="3" id="f-1911">3,387</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:num-dot-decimal" scale="3" id="f-1912">3,387</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1913">1,693</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1914">1,694</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermAndDeferred" format="ixt:num-dot-decimal" scale="3" id="f-1915">16,746</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1916">2,461</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1917">5,001</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1918">29,462</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2024</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:num-dot-decimal" scale="3" id="f-1919">6,585</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:num-dot-decimal" scale="3" id="f-1920">3,130</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:num-dot-decimal" scale="3" id="f-1921">3,130</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1922">1,877</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1923">1,879</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermAndDeferred" format="ixt:num-dot-decimal" scale="3" id="f-1924">16,601</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1925">2,444</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1926">5,815</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1927">30,214</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Footnotes in previous table.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">179</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-162"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-1497-6" continuedAt="f-1497-7"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTransactionsBetweenRelatedPartiesRemunerationVariableObjectiveExplanatoryTableTextBlock" id="f-1928" continuedAt="f-1928-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the detail by executive director of the salaries linked to multi-year objectives at their fair Value, which will only be received if the conditions of permanence in the Group, non-applicability of malus clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the&#160;year) in the terms described in Note&#160;46.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"/><td style="width:30.247%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.379%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.125%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.887%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.379%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.383%"/><td style="width:0.1%"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable subject to long-term<br/>objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In shares</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In RSUs</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-600" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" scale="3" id="f-1929">701</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-600" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1930">1,893</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-600" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefitsRSUs" scale="3" id="f-1931">210</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-600" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1932">2,804</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-601" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1933">2,332</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">H&#233;ctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-602" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" scale="3" id="f-1934">484</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-602" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1935">1,277</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-602" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefitsRSUs" scale="3" id="f-1936">176</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-602" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1937">1,938</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-603" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1938">1,611</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-604" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1939">1,185</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-604" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1940">3,170</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-604" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefitsRSUs" scale="3" id="f-1941">386</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-604" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1942">4,742</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-605" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1943">3,943</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">1. Corresponds with the fair value of the maximum amount they are entitled to in a total of <ix:nonNumeric contextRef="c-1" name="san:KeyManagementPersonnelCompensationOtherLongTermEmployeeBenefitsConditionsOfContinuedServicePeriod" format="ixt-sec:duryear" id="f-1944">3</ix:nonNumeric> years: 2029, 2030 and 2031, subject to conditions of continued service, with the exceptions provided, and to the non-applicability of malus clauses and achievement of the objectives established. The face value of the <ix:nonFraction unitRef="variable_remuneration" contextRef="c-606" decimals="INF" name="san:KeyManagementPersonnelCompensationNumberOfVariableLongTermEmployeeBenefitsDeferredRemuneration" format="ixt-sec:numwordsen" scale="0" id="f-1945">three</ix:nonFraction> aforementioned deferred amounts is EUR <ix:nonFraction unitRef="eur" contextRef="c-604" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableLongTermEmployeeBenefitsDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-1946">6,774</ix:nonFraction> thousand for 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-600" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableLongTermEmployeeBenefitsDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-1947">4,006</ix:nonFraction> thousand for Ana Bot&#237;n and EUR <ix:nonFraction unitRef="eur" contextRef="c-602" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableLongTermEmployeeBenefitsDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-1948">2,768</ix:nonFraction> thousand for H&#233;ctor Grisi).</span></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value has been determined at the grant date based on the valuation report of an independent expert, Willis Towers Watson. Based on the design of the plan for 2025 and the levels of achievement of similar plans in comparable entities, the fair value considered is <ix:nonFraction unitRef="number" contextRef="c-607" decimals="2" name="san:PercentageOfFairValueOfInitialAchievementOfPerformanceSharePlan" scale="-2" id="f-1949">70</ix:nonFraction>% of the variable remuneration subject to long-term objectives. (see note 46). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 5.e below includes disclosures on the shares delivered from the deferred remuneration schemes in place in previous years and for which delivery conditions were met, as well as on the maximum number of shares that may be received in future years in connection with the aforementioned 2025 and 2024 variable remuneration plans.<br/></span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_919"></div><ix:continuation id="f-1497-7" continuedAt="f-1497-8"><div style="margin-bottom:6pt;margin-top:9pt"><span id="id609e2b9c7e4407db685bce90ee5dbb9"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Remuneration of the board members as representatives of the Bank</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By resolution of the executive committee, all the remuneration received by the Bank&#8217;s directors who represent the Bank on the boards of directors of listed companies in which the Bank has a stake, paid by those companies and relating to appointments made on or after 18 March 2002, accrues to the Group. In 2025 the Bank&#8217;s directors did not receive any remuneration in respect of these representative duties. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On the other hand, in their personal capacity, in 2025  Homaira Akbari was paid USD <ix:nonFraction unitRef="usd" contextRef="c-608" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1950">100</ix:nonFraction>&#160;thousand (EUR <ix:nonFraction unitRef="eur" contextRef="c-608" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1951">85</ix:nonFraction>&#160;thousand) as member of the board of Santander Consumer USA Holdings, Inc. and EUR <ix:nonFraction unitRef="eur" contextRef="c-609" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1952">200</ix:nonFraction>&#160;thousand as member of the board of PagoNxt S.L., and Jos&#233; Antonio &#193;lvarez and Henrique de Castro were each paid the same EUR <ix:nonFraction unitRef="eur" contextRef="c-610" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1953"><ix:nonFraction unitRef="eur" contextRef="c-611" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1954">200</ix:nonFraction></ix:nonFraction>&#160;thousand as members of the board of PagoNxt S.L. (Henrique de Castro also received EUR <ix:nonFraction unitRef="eur" contextRef="c-612" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1955">15</ix:nonFraction>&#160;thousand as member of the nomination committee of PagoNxt, S.L.). Likewise, Pamela Walkden was paid GBP <ix:nonFraction unitRef="gbp" contextRef="c-613" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1956">100</ix:nonFraction>&#160;thousand (EUR <ix:nonFraction unitRef="eur" contextRef="c-613" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1957">115</ix:nonFraction>&#160;thousand) as member of Santander UK plc and Santander UK Group Holdings; and Bel&#233;n Romana EUR <ix:nonFraction unitRef="eur" contextRef="c-614" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" scale="3" id="f-1958">157</ix:nonFraction>&#160;thousand as member of the Board of Santander Insurance, S.L. </span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-1497-8" continuedAt="f-1497-9"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, Luis Isasi was paid EUR <ix:nonFraction unitRef="eur" contextRef="c-615" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" format="ixt:num-dot-decimal" scale="3" id="f-1959">1,000</ix:nonFraction>&#160;thousand as non-executive Chair of the Santander Espa&#241;a business unit and for attending its board and committee meetings (amounts paid by Banco Santander, S.A.).<br/><br/>And finally, Jos&#233; Antonio &#193;lvarez, as strategic adviser of Grupo Santander, received fixed remuneration of EUR <ix:nonFraction unitRef="eur" contextRef="c-570" decimals="-3" name="san:KeyManagementPersonnelDirectorsCompensationReceivedAsStrategicAdviser" format="ixt:num-dot-decimal" scale="3" id="f-1960">1,750</ix:nonFraction>&#160;thousand. In addition, he received the life and health insurance contributions,  and the part of the former supplement for having waived the death and disability policy.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i2744889d3e284a1281329f3de4eb49d9"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Post-employment and other long-term benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2012, the contracts of Ana Bot&#237;n and other members of the Bank's senior management with defined benefit pension commitments were modified to transform these commitments into a defined contribution system, which covers the contingencies of retirement, disability and death. From that moment on, the Bank makes annual contributions to their pension system for their benefit. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This system gives them the right to receive benefits upon retirement, regardless of whether or not they are active at the Bank at such time, based on contributions to the system, and replaced their previous right to receive a pension supplement in the event of retirement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The initial balance for Ana Bot&#237;n in the new defined benefits system corresponded to the market value of the assets from which the provisions corresponding to the respective accrued obligations had materialised on the date on which the old pension commitments were transferred into the new benefits system.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since 2013, the Bank has made annual contributions to the benefits system for executive directors and other members of executive team, in proportion to their respective pensionable bases, until they leave Grupo Santander or until their retirement within the Group, death, or disability. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The benefit plan system is outsourced to Santander Seguros y Reaseguros, Compa&#241;&#237;a Aseguradora, S.A., and the economic rights of the foregoing directors under this plan belong to them regardless of whether or not they are active at the Bank at the time of their retirement, death or disability. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with the provisions of the remuneration regulations, contributions made calculated on variable remuneration are subject to the discretionary pension benefits regime. Under this regime, contributions are subject to malus clauses and clawback according to the policy in force at any given time and during the same period in which the variable remuneration is deferred. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore, they must be invested in bank shares for a period of <ix:nonNumeric contextRef="c-1" name="san:PeriodForInvestmentInBankSharesFromDateOfTermination" format="ixt-sec:durwordsen" id="f-1961">five years</ix:nonNumeric> from the date when the executive director leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the executive director, or it will be paid to the executive director or to their beneficiaries in the event of a contingency covered by the benefits system. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">180</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-163"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-9" continuedAt="f-1497-10"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As per the director&#180;s remuneration policy approved at the 23 March 2018 general shareholder&#180;s meeting, the system was changed with a focus on: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Aligning the annual contributions with practices of comparable institutions. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Reducing future liabilities by eliminating the supplementary benefits scheme in the event of death (death of spouse or parent) and permanent disability of serving directors. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Not increasing total costs for the Bank. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes to the system were the following: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fixed and variable pension contributions were reduced to <ix:nonFraction unitRef="number" contextRef="c-368" decimals="2" name="san:DefinedBenefitObligationPensionableBaseDeathOrDisabilityPercentage" scale="-2" id="f-1962">22</ix:nonFraction>% of the respective pensionable bases. The gross annual salaries and the benchmark variable remuneration were increased in the corresponding amount with no increase in total costs for the Bank. The pensionable base for the purposes of the annual contributions for the executive directors is the sum of fixed remuneration plus <ix:nonFraction unitRef="number" contextRef="c-368" decimals="2" name="san:DefinedBenefitObligationPensionableBasePercentAverageOfLastThreeVariableRemunerationAmounts" scale="-2" id="f-1963">30</ix:nonFraction>% of the average of their last <ix:nonFraction unitRef="variable_remuneration" contextRef="c-368" decimals="INF" name="san:DefinedBenefitObligationPensionableBaseNumberOfVariableRemunerationAmounts" format="ixt-sec:numwordsen" scale="0" id="f-1964">three</ix:nonFraction> variable remuneration amounts. This means complying with Circular 2/2016 of the Bank of Spain, standard 41, on pension benefits, by which a part of not less than 15% of the total contribution must be based on variable components.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The death and disability supplementary benefits were eliminated since 1 April 2018. A fixed remuneration supplement (included in other remuneration in section a.iii in this note) was implemented the same date. During 2025, this fixed remuneration supplement has expired both for Ana Bot&#237;n and Jos&#233; Antonio &#193;lvarez, in line with the age of 65 initially set at the time this remuneration component was approved.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The total amount insured for life and accident insurance was increased. </span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTransactionsBetweenRelatedPartiesRemunerationProvisionsForRetirementPensionsAndSupplementaryBenefitsTableTextBlock" id="f-1965" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions recognised in 2025 and 2024 for retirement pensions were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:68.596%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.142%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.962%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-616" decimals="-3" name="ifrs-full:ProvisionsForEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1966">1,341</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-617" decimals="-3" name="ifrs-full:ProvisionsForEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1967">1,339</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">H&#233;ctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-618" decimals="-3" name="ifrs-full:ProvisionsForEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1968">1,120</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-619" decimals="-3" name="ifrs-full:ProvisionsForEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1969">1,105</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-620" decimals="-3" name="ifrs-full:ProvisionsForEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1970">2,461</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-621" decimals="-3" name="ifrs-full:ProvisionsForEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-1971">2,445</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTransactionsBetweenRelatedPartiesRemunerationWelfareSystemTableTextBlock" id="f-1972" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail of the balances relating to each of the directors under the welfare system as of  31 December 2025 and 2024:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:66.778%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.960%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.962%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-410" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1973">65,027</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-622" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1974">54,731</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">H&#233;ctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-419" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1975">2,033</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-623" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1976">1,299</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Jos&#233; Antonio &#193;lvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-428" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1977">23,178</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-624" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1978">20,326</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-368" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1979">90,238</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-369" decimals="-3" name="san:KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" format="ixt:num-dot-decimal" scale="3" id="f-1980">76,356</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ied3b22854dd34a24b156490d1ec62dd1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Insurance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group pays for life insurance policies for the Bank&#8217;s directors, who will be entitled to receive benefits if they are declared disabled. In the event of death, the benefits will be payable to their heirs. The premiums paid by the Group are included in the 'Other remuneration' column of the table shown in Note 5.a.iii above. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTransactionsBetweenRelatedPartiesRemunerationLifeInsuranceTableTextBlock" id="f-1981" continuedAt="f-1981-1" escape="true">Also, the following table provides information on the sums insured for the Bank&#8217;s directors:</ix:nonNumeric></span></div><ix:continuation id="f-1981-1"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:69.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Insured capital</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-625" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1982">20,659</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-626" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1983">21,525</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">H&#233;ctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-627" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1984">12,600</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-628" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1985">12,600</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Jos&#233; Antonio &#193;lvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-629" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1986">10,500</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-630" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1987">11,215</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-631" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1988">43,759</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-632" decimals="-3" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="3" id="f-1989">45,340</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The insured capital has been modified in 2018 for Ana Bot&#237;n  as part of the pension systems transformation set out in note 5.c) above, which has encompassed the elimination of the supplementary benefits systems (death of spouse and death of parent) and the increase of the life and accident insurance annuities. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025 and 2024, the Group has disbursed a total amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-5" name="san:PaymentOfCivilLiabilityInsurancePremium" scale="6" id="f-1990">8.3</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-5" name="san:PaymentOfCivilLiabilityInsurancePremium" scale="6" id="f-1991">13.5</ix:nonFraction>&#160;million, respectively, for the payment of civil-liability insurance premiums. These premiums correspond to several civil-liability insurance policies that hedge, among others, directors, senior management and other managers and employees of the Group and the Bank itself, as well as its subsidiaries, in light of certain types of potential claims of third parties. For this reason, it is not possible to disaggregate or individualize the amount that correspond to the directors and executives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025 and 2024, <ix:nonFraction unitRef="eur" contextRef="c-633" decimals="INF" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:fixed-zero" scale="0" id="f-1992"><ix:nonFraction unitRef="eur" contextRef="c-634" decimals="INF" name="ifrs-full:CommitmentsMadeOnBehalfOfEntityRelatedPartyTransactions" format="ixt:fixed-zero" scale="0" id="f-1993">no</ix:nonFraction></ix:nonFraction> life insurance commitments exist for the Group in respect of any other directors.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9pt;text-indent:-9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">181</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-164"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-10" continuedAt="f-1497-11"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:9pt;text-indent:-9pt"><span id="i9735f317b5424df3847f23d2d1e497cf"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Deferred variable remuneration systems</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following information relates to the maximum number of shares to which the executive directors are entitled at the beginning and end of 2025 and 2024 due to their participation in the deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to 2025 and prior years, as well as on the deliveries, in shares or in cash, made to them in 2025 and 2024 once the conditions for the receipt thereof had been met (see Note 46):<span id="ibacf1305fb5f412cbeac940f7d457216"></span></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%"> </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ieaf1a203b525412f9e5da92b4bcd066b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i) Deferred variable compensation plan linked to multiannual objectives</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the annual shareholders meeting of 18 March 2016, with the aim of simplifying the remuneration structure, improving the ex-ante risk adjustment and increasing the incidence of long-term objectives, the bonus plan (deferred and conditioned variable compensation plan) and ILP were replaced by one single plan. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The variable remuneration of executive directors and certain executives (including senior management) corresponding to 2025 has been approved by the board of directors and implemented through the tenth cycle of the deferred variable remuneration plan linked to multi-year objectives. The application of the plan was authorised by the annual general meeting of shareholders, as it entails the delivery of shares to the beneficiaries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As indicated in section a.ii of this note, <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-1994">60</ix:nonFraction>% of the variable remuneration amount is deferred over <ix:nonNumeric contextRef="c-408" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-1995">five years</ix:nonNumeric> for executive directors, to be paid, where appropriate, provided that the conditions of permanence in the Group, according to the following accrual scheme: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The accrual of the first and second parts (instalments in 2027 and 2028) is conditional on none of the malus clauses being triggered.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The accrual of the third, fourth and fifth parts (instalments in  2029, 2030 and 2031) is linked to non-concurrence of malus clauses and the fulfilment of certain objectives related to the 2025&#8209; 2027 period. These objectives and their respective weights are: </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Banco Santander&#8217;s consolidated Return on tangible equity (RoTE) target in </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%">2027</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (weight of <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentRoTEObjectiveWeight" scale="-2" id="f-1996">30</ix:nonFraction>%).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Relative performance of Banco Santander's total shareholder return (TSR) in 2025-2027 in respect of the weighted TSR of a peer group comprising <ix:nonFraction unitRef="credit_institution" contextRef="c-408" decimals="INF" name="san:VariableRemunerationDeferredPaymentTSRObjectiveNumberOfPeerCreditInstitutions" scale="0" id="f-1997">9</ix:nonFraction> credit institutions, with the appropriate TSR ratio based on the group&#8217;s TSR among its peers (weight of <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentTSRObjectiveWeight" scale="-2" id="f-1998">50</ix:nonFraction>%). </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#8211;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt"><ix:nonFraction unitRef="metric" contextRef="c-408" decimals="INF" name="san:VariableRemunerationDeferredPaymentSustainabilityObjectiveNumberOfMetrics" format="ixt-sec:numwordsen" scale="0" id="f-1999">Four</ix:nonFraction> sustainability metrics, which have different weighting (with a total weight of <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentSustainabilityObjectiveWeight" scale="-2" id="f-2000">20</ix:nonFraction>%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The degree of compliance with the above objectives determines the&#160;percentage to be applied to the deferred amount in these <ix:nonFraction unitRef="annuity" contextRef="c-408" decimals="INF" name="san:VariableRemunerationDeferredPaymentNumberOfAnnuities" format="ixt-sec:numwordsen" scale="0" id="f-2001">three</ix:nonFraction> annuities, with a maximum achievement ratio of <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:VariableRemunerationMaximumAchievementRatio" scale="-2" id="f-2002">125</ix:nonFraction>%, so executives have the incentive to exceed their targets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both the immediate payment and the <ix:nonFraction unitRef="payment" contextRef="c-607" decimals="INF" name="san:VariableRemunerationDeferredPaymentShortTermNumberOfDeferrals" format="ixt-sec:numwordsen" scale="0" id="f-2003">two</ix:nonFraction> first deferrals (short-term part) are paid <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentShortTermPercentagePaidInCash" scale="-2" id="f-2004">50</ix:nonFraction>% in cash and the remaining <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentShortTermPercentagePaidInShares" scale="-2" id="f-2005">50</ix:nonFraction>% in instruments. The last <ix:nonFraction unitRef="payment" contextRef="c-607" decimals="INF" name="san:VariableRemunerationDeferredPaymentLongTermNumberOfDeferrals" format="ixt-sec:numwordsen" scale="0" id="f-2006">three</ix:nonFraction> deferrals (conditioned to long-term metrics) are paid <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentLongTermPercentagePaidInCash" scale="-2" id="f-2007">25</ix:nonFraction>% in cash and <ix:nonFraction unitRef="number" contextRef="c-408" decimals="2" name="san:VariableRemunerationDeferredPaymentLongTermPercentagePaidInShares" scale="-2" id="f-2008">75</ix:nonFraction>% in instruments.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accrual of deferred amounts (whether or not subject to performance measures) is conditioned, in addition to the permanence of the beneficiary in the Group, to non-occurrence, during the period prior to each of the deliveries, of any the circumstances giving rise to the application of malus as set out in the Group&#8217;s remuneration policy in its chapter related to malus and clawback. Likewise, the amounts already paid of the incentive will be subject to clawback by the Bank in the cases and during the term foreseen in said policy,  and in accordance with the terms and conditions foreseen in it.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Malus and clawback clauses are triggered by poor financial performance of Banco Santander, a division or area, or exposures from staff as a result of an executive(s)&#8217;s management of, at least, one of these factors:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:9.97pt">Significant failures in risk management committed by the entity, or by a business unit or risk control.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.94pt">The increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.91pt">Regulatory sanctions or judicial sentences from events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.94pt">Irregular conduct, whether individual or collective. In this regard, the negative effects derived from the marketing of inappropriate products and the responsibilities of the people or bodies that made those decisions will be specially considered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the existing policy on malus and clawback clauses of our remuneration policy, the addendum to our remuneration policy entitled 'Financial Statement Restatement Compensation' regulates the recoupment of compensation received by the executive directors of Banco Santander, S.A., and senior management, in the event of a financial restatement (according to the regulation) resulting from material noncompliance with financial reporting requirements under US federal securities laws.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The maximum amount of shares to be delivered under the plan is within the maximum amount of the award to be delivered in shares (EUR <ix:nonFraction unitRef="eur" contextRef="c-635" decimals="-5" name="san:ShareBasedCompensationArrangementMaximumAuthorizedAmount" scale="6" id="f-2009">11.5</ix:nonFraction>&#160;million) approved at the 2025 AGM for executive directors. At its meeting on 25 November 2025 and pursuant to the powers granted by shareholders at the 2025 AGM, the board agreed to amend the calculation period used to determine the number of shares to be delivered from <ix:nonFraction unitRef="trading_session" contextRef="c-636" decimals="INF" name="san:VariableRemunerationWeightedAverageSharePricesNumberOfTradingSessions" scale="0" id="f-2010">50</ix:nonFraction> to <ix:nonFraction unitRef="trading_session" contextRef="c-635" decimals="INF" name="san:VariableRemunerationWeightedAverageSharePricesNumberOfTradingSessions" scale="0" id="f-2011">30</ix:nonFraction> trading sessions (under no circumstances may the number of shares exceed the maximum approved at the AGM), as the board considered that this better reflects market practice and enables us to offset share price volatility. Thus, the number of shares to be delivered under the 2025 policy has been calculated with the weighted average daily volume of weighted average listing prices of Banco Santander shares in the <ix:nonFraction unitRef="trading_session" contextRef="c-637" decimals="INF" name="san:VariableRemunerationWeightedAverageSharePricesNumberOfTradingSessions" scale="0" id="f-2012">30</ix:nonFraction> trading sessions prior to the Friday (not inclusive) before 4 February 2025 (the date on which the board approved the 2025 bonus for executive directors), which was EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-638" decimals="3" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" scale="0" id="f-2013">10.261</ix:nonFraction> per share. According to an independent experts' valuation, the price per PagoNxt, S.L. RSU equals EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-639" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" scale="0" id="f-2014">61.07</ix:nonFraction>. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">182</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-165"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-11" continuedAt="f-1497-12"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="ibbe32d149d7a41f48c7daa6bff5dfed9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii) Shares assigned by deferred variable remuneration plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the number of Santander shares assigned to each director already in service and pending delivery as of 1 January 2024, 31 December 2024 and 31 December 2025, as well as the gross shares that were delivered to them in 2024 and 2025, either in the form of an immediate payment or a deferred payment. In this case after having been appraised by the board, at the proposal of the remuneration committee, that the corresponding one-fifth of each plan had accrued. They come from the deferred conditional and linked to multi-year objectives in 2019, 2020, 2021, 2022, 2023, 2024 and 2025 were formalized.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfSharesAssignedBetweenRelatedPartiesRemunerationDeferredVariableRemunerationPlansTableTextBlock" id="f-2015" continuedAt="f-2015-1" escape="true"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:19.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.717%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Share-based variable remuneration</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at January 1,2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (immediate payment 2023 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2022 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2021 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2024 (Maximum number of shares to be delivered)</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2019 variable remuneration</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="2" 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Jos&#233; Antonio &#193;lvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-642" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2018">47,386</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-644" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2020">118,290</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Jos&#233; Antonio &#193;lvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander 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1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">For each director, <ix:nonFraction unitRef="number" contextRef="c-673" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-2049">40</ix:nonFraction>% of the shares indicated correspond to the short-term variable (or immediate payment). The remaining <ix:nonFraction unitRef="number" contextRef="c-673" decimals="INF" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-2050">60</ix:nonFraction>% is deferred for delivery, where appropriate, in the next <ix:nonNumeric contextRef="c-673" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-2051">five years</ix:nonNumeric>, the last <ix:nonFraction unitRef="payments" contextRef="c-673" decimals="INF" name="san:VariableRemunerationDeferredBonusNumberOfPaymentsSubjectToSpecificObjectives" format="ixt-sec:numwordsen" scale="0" id="f-2052">three</ix:nonFraction> being subject to the fulfilment of multiannual objectives. Maximum opportunity subject to regulatory ratio compliance.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">183</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-166"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-12" continuedAt="f-1497-13"><ix:continuation id="f-2015-1"><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.688%"><tr><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.544%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.944%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.904%"/><td style="width:0.1%"/></tr><tr 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.61pt;font-weight:700;line-height:105%;position:relative;top:-2.48pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (immediate payment 2024 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2023 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2022 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2021 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2025 (Maximum number of shares to be delivered)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at December 31, 2025</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 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solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-675" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2054">35,452</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-678" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2057">59,145</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-682" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2061">31,048</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-685" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-687" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2066">47,914</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-690" decimals="0" name="san:NumberOfSharesMaturedButNotConsolidatedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2069">44,774</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-691" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" 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solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-727" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2111">1,010,904</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-727" decimals="0" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2112">1,010,904</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">&#160;&#160;&#160;&#160;</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">The levels of achievement of the multi-year metrics of the long-term variable remuneration plans:</span><span style="background-color:#ffff00;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Seventh cycle of the deferred multi-year objectives variable remuneration plan (2022):</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> <ix:nonFraction unitRef="number" contextRef="c-728" decimals="3" name="san:VariableRemunerationDeferredPaymentLongTermMetricAchievementPercentage" scale="-2" id="f-2113">115.2</ix:nonFraction>% of achievement for the period 2022-2024.<br/>a. RoTE metric for 2024 year-end period at <ix:nonFraction unitRef="number" contextRef="c-728" decimals="2" name="san:VariableRemunerationDeferredPaymentRoTEObjectiveResult" scale="-2" id="f-2114">150</ix:nonFraction>%. Weight of <ix:nonFraction unitRef="number" contextRef="c-728" decimals="3" name="san:VariableRemunerationDeferredPaymentRoTEObjectiveWeight" scale="-2" id="f-2115">40.0</ix:nonFraction>%.<br/>b. Relative TSR metric in 2022-2024 period at <ix:nonFraction unitRef="number" contextRef="c-728" decimals="2" name="san:VariableRemunerationDeferredPaymentRelativeTSRMetricAchievementRate" scale="-2" id="f-2116">83</ix:nonFraction>% of achievement. Weight of <ix:nonFraction unitRef="number" contextRef="c-728" decimals="3" name="san:VariableRemunerationDeferredPaymentTSRObjectiveWeight" scale="-2" id="f-2117">40.0</ix:nonFraction>%.<br/>c. Sustainability metrics at <ix:nonFraction unitRef="number" contextRef="c-728" decimals="2" name="san:VariableRemunerationDeferredPaymentSustainabilityMetricAchievementRate" scale="-2" id="f-2118">25</ix:nonFraction>% of achievement. Weight of <ix:nonFraction unitRef="number" contextRef="c-728" decimals="3" name="san:VariableRemunerationDeferredPaymentSustainabilityObjectiveWeight" scale="-2" id="f-2119">20.0</ix:nonFraction>%. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Sixth cycle of the deferred multi-year objectives variable remuneration plan (2021)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: <ix:nonFraction unitRef="number" contextRef="c-729" decimals="3" name="san:VariableRemunerationDeferredPaymentLongTermMetricAchievementPercentage" scale="-2" id="f-2120">91.6</ix:nonFraction>% of achievement for the period 2021-2023.<br/>a. CET1 metric at <ix:nonFraction unitRef="number" contextRef="c-729" decimals="2" name="san:VariableRemunerationDeferredPaymentCET1ObjectiveResult" scale="-2" id="f-2121">100</ix:nonFraction>% of achievement for 2023 year-end period (target <ix:nonFraction unitRef="number" contextRef="c-729" decimals="4" name="san:VariableRemunerationDeferredPaymentCET1ObjectiveTarget" scale="-2" id="f-2122">12.00</ix:nonFraction>%). Weight of <ix:nonFraction unitRef="number" contextRef="c-729" decimals="3" name="san:VariableRemunerationDeferredPaymentIndividualObjectivesWeight" scale="-2" id="f-2123">33.3</ix:nonFraction>%.<br/>b. Underlying BPA growth at <ix:nonFraction unitRef="number" contextRef="c-729" decimals="2" name="san:VariableRemunerationDeferredPaymentBPAGrowthResult" scale="-2" id="f-2124">150</ix:nonFraction>% of achievement (target growth of <ix:nonFraction unitRef="number" contextRef="c-729" decimals="2" name="san:VariableRemunerationDeferredPaymentBPAGrowthTarget" scale="-2" id="f-2125">100</ix:nonFraction>%). Weight of <ix:nonFraction unitRef="number" contextRef="c-729" decimals="3" name="san:VariableRemunerationDeferredPaymentIndividualObjectivesWeight" scale="-2" id="f-2126">33.3</ix:nonFraction>%.<br/>c. TSR metric at <ix:nonFraction unitRef="number" contextRef="c-729" decimals="2" name="san:VariableRemunerationDeferredPaymentTSRMinimumMetricResult" scale="-2" id="f-2127">25</ix:nonFraction>% of achievement (target of <ix:nonFraction unitRef="number" contextRef="c-729" decimals="2" name="san:VariableRemunerationDeferredPaymentTSRMinimumMetricTarget" scale="-2" id="f-2128">33</ix:nonFraction> to <ix:nonFraction unitRef="number" contextRef="c-729" decimals="2" name="san:VariableRemunerationDeferredPaymentTSRMaximumMetricTarget" scale="-2" id="f-2129">66</ix:nonFraction> percentile). Weight of <ix:nonFraction unitRef="number" contextRef="c-729" decimals="3" name="san:VariableRemunerationDeferredPaymentIndividualObjectivesWeight" scale="-2" id="f-2130">33.3</ix:nonFraction>%.<br/></span><span style="background-color:#ffff00;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Fifth cycle of the deferred multi-year objectives variable remuneration plan (2020)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: <ix:nonFraction unitRef="number" contextRef="c-730" decimals="3" name="san:VariableRemunerationDeferredPaymentLongTermMetricAchievementPercentage" scale="-2" id="f-2131">83.0</ix:nonFraction>% of achievement for the period 2020-2022.<br/>a. CET1 metric at <ix:nonFraction unitRef="number" contextRef="c-730" decimals="2" name="san:VariableRemunerationDeferredPaymentCET1ObjectiveResult" scale="-2" id="f-2132">100</ix:nonFraction>% of achievement for 2022 year-end period (target <ix:nonFraction unitRef="number" contextRef="c-730" decimals="4" name="san:VariableRemunerationDeferredPaymentCET1ObjectiveTarget" scale="-2" id="f-2133">12.00</ix:nonFraction>%). Weight of <ix:nonFraction unitRef="number" contextRef="c-730" decimals="3" name="san:VariableRemunerationDeferredPaymentIndividualObjectivesWeight" scale="-2" id="f-2134">33.3</ix:nonFraction>%.<br/>b. Underlying BPA growth at <ix:nonFraction unitRef="number" contextRef="c-730" decimals="2" name="san:VariableRemunerationDeferredPaymentBPAGrowthResult" scale="-2" id="f-2135">150</ix:nonFraction>% of achievement (target growth of <ix:nonFraction unitRef="number" contextRef="c-730" decimals="2" name="san:VariableRemunerationDeferredPaymentBPAGrowthTarget" scale="-2" id="f-2136">10</ix:nonFraction>%). Weight of <ix:nonFraction unitRef="number" contextRef="c-730" decimals="3" name="san:VariableRemunerationDeferredPaymentIndividualObjectivesWeight" scale="-2" id="f-2137">33.3</ix:nonFraction>%.<br/>c. TSR metric at <ix:nonFraction unitRef="number" contextRef="c-730" decimals="2" name="san:VariableRemunerationDeferredPaymentTSRMinimumMetricResult" scale="-2" id="f-2138">0</ix:nonFraction>% of achievement (minimum target of <ix:nonFraction unitRef="number" contextRef="c-730" decimals="2" name="san:VariableRemunerationDeferredPaymentTSRMinimumMetricTarget" scale="-2" id="f-2139">33</ix:nonFraction>% not reached). Weight of <ix:nonFraction unitRef="number" contextRef="c-730" decimals="3" name="san:VariableRemunerationDeferredPaymentIndividualObjectivesWeight" scale="-2" id="f-2140">33.3</ix:nonFraction>%</span></div></ix:continuation><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfCashPaidForVestedSharesAssignedBetweenRelatedPartiesRemunerationDeferredVariableRemunerationPlansTableTextBlock" id="f-2141" continuedAt="f-2141-1" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore, the maximum number of  RSUs of PagoNxt, S.L. to be delivered under the current plan (and subject to regulatory ratio compliance) is <ix:nonFraction unitRef="shares" contextRef="c-731" decimals="0" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" format="ixt:num-dot-decimal" scale="0" id="f-2142">9,415</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-732" decimals="0" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" format="ixt:num-dot-decimal" scale="0" id="f-2143">7,909</ix:nonFraction> units for Ana Bot&#237;n and H&#233;ctor Grisi, respectively.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">184</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-167"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-13" continuedAt="f-1497-14"><ix:continuation id="f-2141-1"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the table below shows the cash delivered in 2025 and 2024, by way of either immediate payment or deferred payment, in the latter case once the Board had determined, at the proposal of the remuneration committee, that one deferral relating to each plan had accrued:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.640%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.644%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="15" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2024 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2023, 2022, 2021 and 2020 variable remuneration)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2023 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2022, 2021, 2020 and 2019 variable remuneration)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-410" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2144">1,851</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-410" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2145">1,759</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-622" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2146">1,780</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-622" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2147">1,419</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">H&#233;ctor Grisi</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-419" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2148">1,279</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-419" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" scale="3" id="f-2149">366</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-623" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2150">1,220</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-623" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" scale="3" id="f-2151">863</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Jos&#233; Antonio &#193;lvarez</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-428" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:fixed-zero" scale="3" id="f-2152">&#8212;</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-428" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" scale="3" id="f-2153">815</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-624" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:fixed-zero" scale="3" id="f-2154">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-624" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" scale="3" id="f-2155">945</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-368" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2156">3,130</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-368" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2157">2,940</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-369" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2158">3,000</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-369" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2159">3,228</ix:nonFraction></span></td></tr></table></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2d9b142fe3ce4c0ba08ceefd4a143e6e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii) Information on former members of the board of directors</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The chart below includes  information on the maximum number of shares to which former members of the board of directors, are entitled for their participation in the various deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to the years in which they were executive directors. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfSharesAssignedBetweenRelatedPartiesRemunerationMaximumNumberOfSharesToBeDeliveredAndActualNumberOfSharesDeliveredTableTextBlock" id="f-2160" continuedAt="f-2160-1" escape="true">Also set forth below is information on the deliveries, whether in shares or in cash, made in 2025 and 2024 to former board members, upon achievement of the conditions for the receipt thereof (see note 46):</ix:nonNumeric></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><ix:continuation id="f-2160-1" continuedAt="f-2160-2"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:76.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-733" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:fixed-zero" scale="0" id="f-2161">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-734" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2162">24,490</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-735" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2163">35,511</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-736" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2164">71,024</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-737" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2165">137,400</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-738" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2166">206,100</ix:nonFraction></span></td></tr></table></div><div style="margin-bottom:12pt;padding-left:9pt;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:76.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.160%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of shares delivered</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7.75pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:6.75pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-739" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:fixed-zero" scale="0" id="f-2167">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-740" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2168">29,860</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-741" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2169">24,490</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-742" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2170">24,490</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-743" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2171">35,512</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-744" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2172">35,512</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-745" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2173">68,700</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-746" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2174">12,911</ix:nonFraction></span></td></tr></table></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, EUR <ix:nonFraction unitRef="eur" contextRef="c-747" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" scale="3" id="f-2175">724</ix:nonFraction> thousand and EUR <ix:nonFraction unitRef="eur" contextRef="c-748" decimals="-3" name="san:KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" scale="3" id="f-2176">650</ix:nonFraction>&#160;thousand relating to the deferred portion payable in cash of the aforementioned plans were paid each in 2025 and 2024. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">185</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-168"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-14" continuedAt="f-1497-15"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="id6858bb28e0f4fcd8030c61636c5fac3_26153"></span><span id="id6858bb28e0f4fcd8030c61636c5fac3_26400"></span><span id="id6858bb28e0f4fcd8030c61636c5fac3_26401"></span><span id="i35704fcb0bd14f0aa7b2ff9bfa44333c"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) Loans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander&#8217;s direct risk exposure to the bank&#8217;s directors and the guarantees provided for them are detailed below. <ix:nonNumeric contextRef="c-1" name="ifrs-full:SummaryQuantitativeDataAboutEntitysExposureToRisk" id="f-2177" continuedAt="f-2177-1" escape="true">These transactions were made on terms equivalent to those that prevail in arm&#8217;s-length transactions or the related compensation in kind was recognized:</ix:nonNumeric></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-2177-1" continuedAt="f-2177-2"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:38.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.832%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Bot&#237;n</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-616" decimals="-3" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="3" id="f-2180">3</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-751" decimals="-3" 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scale="3" id="f-2284">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-621" decimals="-3" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="3" id="f-2285">143</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Ceased as director of Banco Santander, S.A. on 22 March 2024.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Director since 27 June 2024. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Director since 27 June 2024.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Ceased as director of Banco Santander, S.A. on 27 June 2024 .</span></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span id="i7eb636f7f29c459e95accae5f87295e2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) Senior management</span></div><ix:continuation id="f-1565-2" continuedAt="f-1565-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">The table below includes the amounts relating to the short-term remuneration of the members of senior management at 31 December 2025 and those at 31 December 2024, excluding the remuneration of the executive directors, which is detailed above.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><ix:continuation id="f-1565-3"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.985%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.237%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Short-term salaries and deferred remuneration</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration (bonus) - Immediate payment</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred variable remuneration</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number&#160;of<br/>persons</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">3</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pensions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other<br/>remuneration</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-851" decimals="INF" name="ifrs-full:NumberOfEmployees" scale="0" id="f-2286">15</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-852" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:num-dot-decimal" scale="3" id="f-2287">19,255</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-853" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:num-dot-decimal" scale="3" id="f-2288">9,179</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-853" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:num-dot-decimal" scale="3" id="f-2289">9,180</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-854" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:num-dot-decimal" scale="3" id="f-2290">4,306</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-854" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:num-dot-decimal" scale="3" id="f-2291">4,306</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-852" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2292">4,910</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-852" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2293">6,456</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-852" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2294">57,592</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-855" decimals="INF" name="ifrs-full:NumberOfEmployees" scale="0" id="f-2295">14</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-856" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" format="ixt:num-dot-decimal" scale="3" id="f-2296">16,466</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-857" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:num-dot-decimal" scale="3" id="f-2297">7,376</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-857" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:num-dot-decimal" scale="3" id="f-2298">7,377</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-858" decimals="-3" name="san:KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" format="ixt:num-dot-decimal" scale="3" id="f-2299">3,319</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-858" decimals="-3" name="san:KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" format="ixt:num-dot-decimal" scale="3" id="f-2300">3,320</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-856" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2301">4,520</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-856" decimals="-3" name="san:KeyManagementPersonnelCompensationOtherEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2302">7,153</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-856" decimals="-3" name="san:KeyManagementPersonnelCompensationEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2303">49,531</ix:nonFraction></span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">1.Includes other remuneration items such as life and medical insurance premiums and localization aids and lastly RSUs from PagoNxt S.L., for the work of one director in said entity.</span></div><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.&#160;&#160;&#160;&#160;The amount of immediate payment for 2024 is <ix:nonFraction unitRef="shares" contextRef="c-852" decimals="0" name="ifrs-full:NumberOfInstrumentsGrantedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2304">894,587</ix:nonFraction> shares (<ix:nonFraction unitRef="shares" contextRef="c-856" decimals="0" name="ifrs-full:NumberOfInstrumentsGrantedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="0" id="f-2305">1,611,965</ix:nonFraction>  Santander shares in 2024).</span></div><div style="margin-bottom:18pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3.&#160;&#160;&#160;&#160;The deferred amount in instruments not linked to long-term objectives for 2024 is <ix:nonFraction unitRef="shares" contextRef="c-852" decimals="0" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationNotLinkedToLongTermObjectivesShares" format="ixt:num-dot-decimal" scale="0" id="f-2306">416,410</ix:nonFraction>  shares ( <ix:nonFraction unitRef="shares" contextRef="c-856" decimals="0" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationNotLinkedToLongTermObjectivesShares" format="ixt:num-dot-decimal" scale="0" id="f-2307">725,399</ix:nonFraction> Santander shares in 2024).</span></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the amounts reflected in the table, salary remunerations amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-852" decimals="-3" name="san:KeyManagementPersonnelCompensationBuyoutsAndSignOnAwards" format="ixt:num-dot-decimal" scale="3" id="f-2308">4,118</ix:nonFraction> thousand were granted in the form of buyouts and sign-on awards, related to the recruitment of new members who joined this employee group during the year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the ratio of variable to fixed pay components was <ix:nonFraction unitRef="number" contextRef="c-852" decimals="2" name="san:RatioOfVariableToFixedPayComponents" scale="-2" id="f-2309">134</ix:nonFraction>% of the total for senior managers, well within the maximum limit of <ix:nonFraction unitRef="number" contextRef="c-859" decimals="INF" name="san:RatioOfVariableToFixedPayComponents" scale="-2" id="f-2310">200</ix:nonFraction>% set by 2024 AGM.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">186</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-169"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-15" continuedAt="f-1497-16"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, the detail of the breakdown of the remuneration linked to long-term objectives of the members of senior management at 31 December 2025 and 31 December 2024 is provided below. <ix:continuation id="f-1928-1" continuedAt="f-1928-2">These remuneration payments shall be received, as the case may be, in the corresponding deferral periods, upon achievement of the conditions stipulated for each payment (see note&#160;46):</ix:continuation></span></div><ix:continuation id="f-1928-2"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:17.109%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.109%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.504%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.125%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration subject to long-term objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number&#160;of&#160;people</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash&#160;<br/>payment</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Instrument</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">payment</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="employee" contextRef="c-860" decimals="INF" name="ifrs-full:NumberOfEmployees" scale="0" id="f-2311">15</ix:nonFraction></span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-861" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2312">4,521</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-861" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2313">4,522</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-861" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2314">9,043</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="employee" contextRef="c-862" decimals="INF" name="ifrs-full:NumberOfEmployees" scale="0" id="f-2315">14</ix:nonFraction></span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-863" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2316">3,485</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-863" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2317">3,486</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-863" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationOtherLongtermBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2318">6,971</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.&#160;&#160;&#160;&#160;Relates to the fair value of the maximum annual amounts for years 2029, 2030 and 2031 of the tenth cycle of the deferred conditional variable remuneration plan (2028, 2029 and 2030 for the ninth cycle of the deferred variable compensation plan linked to annual objectives for the year 2024). The face value of the <ix:nonFraction unitRef="variable_remuneration" contextRef="c-860" decimals="INF" name="san:KeyManagementPersonnelCompensationNumberOfVariableLongTermEmployeeBenefitsDeferredRemuneration" format="ixt-sec:numwordsen" scale="0" id="f-2319">three</ix:nonFraction> aforementioned deferred amounts is EUR <ix:nonFraction unitRef="eur" contextRef="c-861" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableLongTermEmployeeBenefitsDeferredRemuneration" format="ixt:num-dot-decimal" scale="3" id="f-2320">12,919</ix:nonFraction>&#160;thousand for 2025.</span></div></ix:continuation><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, members of senior management who stepped down from their roles in 2025 consolidated salary remuneration and other remuneration for a total amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-864" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2321">2,905</ix:nonFraction> thousand (EUR <ix:nonFraction unitRef="eur" contextRef="c-865" decimals="-3" name="ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits" format="ixt:num-dot-decimal" scale="3" id="f-2322">12,303</ix:nonFraction>&#160;thousand in 2024). In 2025 rights regarding variable</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">pay subject to long-term objectives amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-864" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" scale="3" id="f-2323">342</ix:nonFraction> thousand (EUR <ix:nonFraction unitRef="eur" contextRef="c-865" decimals="-3" name="san:KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" scale="3" id="f-2324">633</ix:nonFraction> thousand were generated in 2024 for this collective). </span></div><ix:continuation id="f-2160-2" continuedAt="f-2160-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The maximum number of Santander shares that the members of senior management at each plan grant date (excluding executive directors) were entitled to receive as of 31 December 2025 and 31 December 2024 relating to the deferred portion under the various plans then in force is the following (see note&#160;46):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:63.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.494%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-866" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:fixed-zero" scale="0" id="f-2325">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-867" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2326">71,294</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-868" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2327">145,704</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-869" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2328">370,522</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-870" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2329">486,863</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-871" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2330">966,680</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-872" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2331">891,305</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-873" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2332">1,430,464</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2023)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-874" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2333">934,609</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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#9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-876" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2335">1,601,213</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-877" decimals="INF" name="san:MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" format="ixt:fixed-zero" scale="0" id="f-2336">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since the conditions established in the corresponding deferred share-based remuneration schemes for prior years had been met, the following number of Santander shares was delivered in 2025 and 2024 to the senior management, in addition to the payment of the related cash amounts:</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation 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id="f-2337">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-879" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2338">57,730</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-866" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2339">54,249</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-867" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2340">71,294</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-868" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2341">145,704</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-869" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2342">185,261</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-870" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2343">243,433</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-871" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2344">351,777</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-872" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2345">266,390</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-873" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2346">357,615</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2023) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-874" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2347">233,652</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-875" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2348">1,212,984</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2024) </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-876" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:num-dot-decimal" scale="0" id="f-2349">1,399,679</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-877" decimals="INF" name="san:NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" format="ixt:fixed-zero" scale="0" id="f-2350">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As indicated in note 5.c above, senior management participate in the benefit system created in 2012, which covers the contingencies of retirement, disability and death. Banco Santander makes annual contributions to the benefit plans of its senior managers. In 2012, the contracts of the senior managers with benefit pension commitments were amended to transform them into a contribution system. The system, which is outsourced to Santander Seguros y Reaseguros, Compa&#241;&#237;a Aseguradora, S.A., gives senior managers the right to receive benefits upon retirement, regardless of whether or not they are active at Banco Santander at such time, based on contributions to the system. This new system replaced their previous right to receive a pension supplement in the event of retirement. In the event of pre-retirement, and up to the retirement date, senior managers appointed prior to September 2015 are entitled to receive an annual allowance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, further to applicable remuneration regulations, from 2016 (inclusive), a discretionary pension benefit component of at least <ix:nonFraction unitRef="number" contextRef="c-880" decimals="INF" name="san:DiscretionaryPensionBenefitComponentPercentage" scale="-2" id="f-2351">15</ix:nonFraction>% of total remuneration  in contributions to the pension system has been included. Under the regime corresponding to these discretionary benefits, the contributions that are calculated on variable remunerations are subject to malus and clawback clauses, subject to policies applicable at each time, and during the same period in which the variable remuneration is deferred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, the annual contributions calculated on variable remunerations must be invested in Bank shares for a period of <ix:nonNumeric contextRef="c-852" name="san:PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAssetHoldingPeriod" format="ixt-sec:durwordsen" id="f-2352">five years</ix:nonNumeric> from the date that the senior manager leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the senior manager, or it will be paid to the senior manager or to their beneficiaries in the event of a contingency covered by the benefits system.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">187</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-170"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-1497-16"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The contracts of some members of senior management were modified at the beginning of 2018 with the same objective and changes indicated in section c of this note for Ana Bot&#237;n. The modifications, which are aimed at aligning the annual contributions with the practices of comparable institutions and reducing the risk of future obligations by eliminating the supplementary scheme for death (widowhood and orphanhood) and permanent disability in service without increasing the costs to the bank, are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contributions to the pensionable bases were reduced. Gross annual salaries were increased in the corresponding amount.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The death and disability supplementary benefits were eliminated since 1 January 2018 for some members of senior management and since 1 April 2018 for executive directors. A fixed remuneration supplement reflected in other remuneration in the table above was implemented on the same date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The amounts insured for life and accident insurance were increased.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All of the above was done without an increase in total cost for the Bank.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance as of 31 December 2025 in the pension system for those who were part of senior management at year end amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-851" decimals="-6" name="ifrs-full:AssetsOfBenefitPlan" scale="6" id="f-2353">51</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-855" decimals="-6" name="ifrs-full:AssetsOfBenefitPlan" scale="6" id="f-2354">51</ix:nonFraction>&#160;million at 31 December 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net charge to income corresponding to pension amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-852" decimals="-5" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-2355">4.9</ix:nonFraction>&#160;million  in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-856" decimals="-5" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-2356">4.5</ix:nonFraction>&#160;million in 31 December 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025 and 2024 there have been <ix:nonFraction unitRef="eur" contextRef="c-864" decimals="-5" name="ifrs-full:BenefitsPaidOrPayable" format="ixt:fixed-zero" scale="0" id="f-2357"><ix:nonFraction unitRef="eur" contextRef="c-865" decimals="-5" name="ifrs-full:BenefitsPaidOrPayable" format="ixt:fixed-zero" scale="0" id="f-2358">no</ix:nonFraction></ix:nonFraction> payments in the form of a single payment of the annual voluntary pre-retirement allowance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the capital insured by life and accident insurance at 31 December 2025 of this group amounts to EUR <ix:nonFraction unitRef="eur" contextRef="c-852" decimals="-6" name="san:LifeAndAccidentInsuranceCoverageLimit" scale="6" id="f-2359">78</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-856" decimals="-5" name="san:LifeAndAccidentInsuranceCoverageLimit" scale="6" id="f-2360">83</ix:nonFraction>&#160;million at 31 December 2024).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i5eff45286f704bad8b11359cd1182180"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">h) Post-employment benefits to former directors and former senior executive vice presidents</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The post-employment benefits and settlements paid in 2025 to former directors of the Bank, other than those detailed in note&#160;5.c amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-881" decimals="-5" name="ifrs-full:BenefitsPaidOrPayable" scale="6" id="f-2361">5.6</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-882" decimals="-5" name="ifrs-full:BenefitsPaidOrPayable" scale="6" id="f-2362">5.6</ix:nonFraction>&#160;million in 2024, respectively. Also, the post-employment benefits and settlements paid in 2025 to former executive vice presidents amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-883" decimals="-5" name="ifrs-full:BenefitsPaidOrPayable" scale="6" id="f-2363">16</ix:nonFraction>&#160;million  and EUR <ix:nonFraction unitRef="eur" contextRef="c-884" decimals="-5" name="ifrs-full:BenefitsPaidOrPayable" scale="6" id="f-2364">12.7</ix:nonFraction>&#160;million  in 2024, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Contributions to insurance policies that hedge pensions to previous members of the Bank&#8217;s board of directors, amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-881" decimals="-4" name="san:PostEmploymentBenefitExpenseContributionToInsurancePolicies" scale="6" id="f-2365">0.17</ix:nonFraction>&#160;million in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-882" decimals="-4" name="san:PostEmploymentBenefitExpenseContributionToInsurancePolicies" scale="6" id="f-2366">0.17</ix:nonFraction>&#160;million in 2024). Likewise, contributions to insurance policies that hedge pensions for previous senior managers amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-885" decimals="-5" name="san:PostEmploymentBenefitExpenseContributionToInsurancePolicies" scale="6" id="f-2367">1.3</ix:nonFraction>&#160;million in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-886" decimals="-5" name="san:PostEmploymentBenefitExpenseContributionToInsurancePolicies" scale="6" id="f-2368">2.3</ix:nonFraction>&#160;million in 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">No releases or charges were recorded in the consolidated income statement for pension commitments and similar obligations held by the Group with previous former members of the bank's board of directors or former members of senior management in 2025 and 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, 'Provisions&#160;- Pension Fund and similar obligations' in the consolidated balance sheet as at 31 December 2025 included EUR <ix:nonFraction unitRef="eur" contextRef="c-887" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-2369">43</ix:nonFraction>&#160;million in respect of the post-employment benefit obligations to former Directors of the Bank (EUR <ix:nonFraction unitRef="eur" contextRef="c-888" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-2370">46</ix:nonFraction>&#160;million at 31 December 2024) and EUR <ix:nonFraction unitRef="eur" contextRef="c-889" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-2371">108</ix:nonFraction>&#160;million corresponding to former members of senior management (EUR <ix:nonFraction unitRef="eur" contextRef="c-890" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-2372">96</ix:nonFraction>&#160;million at 31 December 2024).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i98f70407a972422a9f4a076cc534c1ad"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">i) Pre-retirement and retirement</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The board of directors approved an amendment to the contracts of executive directors whereby they ceased to have the right to pre-retire in case of termination of his contract.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ifd105e0ed6eb43eab70122226f576e95"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">j) Contract termination</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The executive directors and members of senior management have indefinite-term employment contracts. Executive directors or senior managers whose contracts are terminated voluntarily or due to breach of duties are not entitled to receive any economic compensation. If Banco Santander terminates the contract for any other reason, they will be entitled to the corresponding legally-stipulated termination benefit, without prejudice to any compensation that may  for non-competition obligations, as detailed in the directors' remuneration policy. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If Banco Santander were to terminate her contract, Ana Bot&#237;n would have to remain at Banco Santander&#8217;s disposal for a period of <ix:nonNumeric contextRef="c-891" name="san:ContractTerminationNoticePeriod" format="ixt-sec:durmonth" id="f-2373">4</ix:nonNumeric> months in order to ensure an adequate transition, and would receive her fixed salary during that period.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i31e5ac1f73364b8bab320ddd5a07b6a5"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">k) Information on investments held by the directors in other companies and conflicts of interest</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">None of the members of the board of directors have declared that they or persons related to them may have a direct or indirect conflict of interest with the interests of Banco Santander, S.A., as set forth in article 229 of the Corporate Enterprises Act.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">188</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_922"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-171"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt;padding-right:263.62pt"><span id="i3431af5d9d484fb1a90bb80e290743e7"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">6. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory" id="f-2374" continuedAt="f-2374-1" escape="true">Loans and advances to central banks and credit institutions</ix:nonNumeric></span></div><ix:continuation id="f-2374-1"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDetailedInformationAboutLoansAndAdvancesToBanksTableTextBlock" id="f-2375" escape="true"><div style="margin-bottom:3pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:61.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.346%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CENTRAL BANKS</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2376">14,632</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2377">12,966</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2378">17,717</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-2379">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-2380">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-2381">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-2382">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-2383">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-2384">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2385">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2386">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-2387">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2388">15,986</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2389">16,179</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2390">20,082</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2391">30,618</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2392">29,145</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2393">37,799</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-892" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2394">15,986</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-893" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2395">16,179</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-894" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2396">17,747</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-895" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2397">14,632</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-896" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2398">12,966</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-897" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2399">20,052</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-898" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2400">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-899" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2401">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-900" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2402">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-901" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2403">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-902" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2404">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-903" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2405">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2406">30,618</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2407">29,145</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2408">37,799</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CREDIT INSTITUTIONS</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2409">25,967</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2410">27,314</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2411">14,061</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-2412">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-2413">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:fixed-zero" scale="6" id="f-2414">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-2415">413</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-2416">408</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss" scale="6" id="f-2417">459</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-2418">1,120</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-2419">363</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-2420">313</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2421">61,513</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2422">55,537</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2423">57,917</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2424">89,013</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2425">83,622</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2426">72,750</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-904" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2427">10,665</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-905" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2428">9,036</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-906" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2429">8,560</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-907" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2430">52,365</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-908" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2431">48,932</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-909" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2432">35,846</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non- loans advances</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-910" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2433">25,987</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-911" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2434">25,659</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-912" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2435">28,353</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-913" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2436">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-914" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2437">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-915" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2438">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-916" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2439">4</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-917" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2440">5</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-918" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2441">9</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2442">89,013</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2443">83,622</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2444">72,750</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CURRENCY</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-919" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2445">43,697</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-920" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2446">43,347</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-921" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2447">34,229</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-922" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2448">5,147</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-923" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2449">2,424</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-924" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2450">3,539</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-925" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2451">23,320</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-926" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2452">22,539</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-927" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2453">17,602</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-928" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2454">43,577</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-929" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2455">39,379</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-930" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2456">47,151</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-931" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2457">3,890</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-932" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2458">5,078</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-933" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2459">8,028</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-934" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2460">119,631</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-935" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2461">112,767</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-936" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2462">110,549</ix:nonFraction></span></td></tr></table></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The loans and advances to credit institutions classified under 'Financial assets at amortised' cost are mainly time accounts and deposits.</span></div><div style="margin-bottom:5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of their residual maturity periods.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This line item also includes irrevocable payment commitments to the Single Resolution Fund made in accordance with article 70.3 of Regulation 806/2014, which establishes uniform rules and a uniform procedure for the resolution of credit institutions and certain security service companies. investment within the framework of a Single Resolution Mechanism and a Single Resolution Fund, for which, in accordance with the standard, no provision has been recorded, these commitments have not been significant regarding the consolidated annual accounts.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the gross exposure by impairment stage of the assets accounted subject to impairment for amounts to EUR <ix:nonFraction unitRef="eur" contextRef="c-937" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2463">78,623</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-938" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2464">0</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-939" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2465">0</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-940" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2466">72,084</ix:nonFraction>, EUR <ix:nonFraction unitRef="eur" contextRef="c-941" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2467">0</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-942" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2468">0</ix:nonFraction> million in 2024 and EUR <ix:nonFraction unitRef="eur" contextRef="c-943" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2469">78,321</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-944" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2470">0</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-945" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2471">0</ix:nonFraction> million in 2023), and the loan loss provision by impairment stage amounts to EUR <ix:nonFraction unitRef="eur" contextRef="c-946" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2472">4</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-947" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2473">0</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-948" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2474">0</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-949" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2475">5</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-950" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2476">0</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-951" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2477">0</ix:nonFraction> million in 2024 and EUR <ix:nonFraction unitRef="eur" contextRef="c-952" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2478">9</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-953" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2479">0</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-954" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2480">0</ix:nonFraction> million in 2023) in stage 1, stage 2 and stage 3, respectively.</span></div><div><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">189</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_925"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-172"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-top:24pt;padding-right:263.62pt"><span id="ie0e06605db814f6f9f921231d15d104e"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">7. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDebtSecuritiesExplanatory" id="f-2481" continuedAt="f-2481-1" escape="true">Debt securities</ix:nonNumeric></span></div><ix:continuation id="f-2481-1" continuedAt="f-2481-2"><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="iacfd8e78ba044ec4a7fcbca321e7d2d7"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Detail</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDetailedInformationAboutDebtInstrumentsExplanatoryTableTextBlock" id="f-2482" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, type and currency, of Debt securities in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:62.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.012%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-11" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2483">98,568</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-12" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2484">82,646</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-13" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2485">62,124</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-11" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" scale="6" id="f-2486">245</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-12" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" scale="6" id="f-2487">447</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The increase in the year of the debt securities portfolio under the heading  'Financial assets at fair value with changes in other comprehensive income' is mainly due to the increase in exposure to sovereign debt, as a result of greater activity in the markets business, both its own and for distribution to clients.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, the increase in the debt securities portfolio under the heading 'Financial assets at amortized cost' is due to the continuation of the strategy started in year 2022 in which two new business models were created for the optimization of excess liquidity and the management of the maturity of the balance sheet credit and deposit portfolios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander 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style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, at 31 December 2025, the Group had EUR <ix:nonFraction unitRef="eur" contextRef="c-1000" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2555">8</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-1001" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2556">44</ix:nonFraction>&#160;million at 31 December 2024) of exposure in assets purchased with impairments, which correspond mainly to the business combinations carried out by the Group with any additional impairment signs.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">190</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-173"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-2481-2" continuedAt="f-2481-3"><div style="margin-bottom:6pt;margin-top:15pt;padding-right:263.62pt"><span id="i7b097a174c45444ca392f2f0c69bfd3e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDebtInstrumentsByOriginOfIssuerTableTextBlock" id="f-2557" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown, by origin of the issuer, of debt securities at 31 December 2025, 2024 and 2023, net of impairment losses, is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:15.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.974%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.572%"/><td style="width:0.1%"/></tr><tr><td colspan="45" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1002" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2558">2,528</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1003" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2559">63,742</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1004" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2560">66,270</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1004" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2561">22.09</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1007" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2564">58,820</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1007" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2565">20.75</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1008" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2566">2,525</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-2573">3.85</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1014" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2574">3,077</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1016" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2577">4.58</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1017" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2578">2,816</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1018" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2579">4,748</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1034" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2601">9.18</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1035" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2602">2,968</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1036" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2603">12,945</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1037" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2604">15,913</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1037" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2605">6.54</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1038" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2606">4,239</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1039" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2607">42</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1040" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2608">4,281</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1040" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2609">1.43</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1041" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2610">4,557</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1042" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2611">14</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1043" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2612">4,571</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1043" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2613">1.61</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1044" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2614">5,632</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1045" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-2615">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1050" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2622">2,472</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1051" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2623">15,224</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1053" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2626">2,937</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1054" 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unitRef="eur" contextRef="c-1056" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2630">12,682</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1057" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2631">25,894</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1059" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2634">11,593</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-2638">9,797</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1063" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2639">15,495</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1064" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2640">25,292</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1064" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2641">10.40</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1065" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2642">14,941</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1066" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2643">29,199</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1067" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2644">44,140</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1067" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2645">14.71</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1068" decimals="-6" name="ifrs-full:FinancialAssets" 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1085" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2668">28,114</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1085" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2669">9.37</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1086" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2670">2,190</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1087" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2671">20,822</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1088" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2672">23,012</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 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id="f-2674">1,969</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1090" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2675">20,738</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1091" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2676">22,707</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1091" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2677">9.34</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span 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name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2679">8,567</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1094" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2680">8,704</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1096" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2683">6,982</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1097" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" 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format="ixt:num-dot-decimal" scale="6" id="f-2724">243,203</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="2" name="san:FinancialAssetsPercentage" scale="-2" id="f-2725">100</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div></ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDebtInstrumentsByIssuerRatingTableTextBlock" id="f-2726" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by issuer rating, of Debt securities at 31 December 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:12.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.277%"/><td style="width:0.1%"/></tr><tr><td colspan="45" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" 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id="f-2749">51,846</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1142" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2750">21.32</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2752">95,537</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1145" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2753">108,743</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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id="f-2755">10,056</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1147" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2756">87,814</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1148" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2757">97,870</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1148" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2758">34.53</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1149" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2759">11,175</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1150" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2760">68,112</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1151" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2761">79,287</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1151" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2762">32.60</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1152" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2763">6,872</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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format="ixt:num-dot-decimal" scale="6" id="f-2765">56,938</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1154" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2766">18.98</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1155" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2767">8,900</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1156" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2768">44,483</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1160" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2774">19.29</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Below BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1163" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2777">43,888</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1163" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2778">14.63</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1164" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2779">5,543</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1166" decimals="4" name="san:FinancialAssetsPercentage" scale="-2" id="f-2782">14.54</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1167" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2783">4,654</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1168" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2784">34,177</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-1121" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2803">61,831</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1122" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2804">221,666</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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#ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-12" decimals="2" name="san:FinancialAssetsPercentage" scale="-2" id="f-2806">100</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1123" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2807">57,150</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1124" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2808">186,053</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-13" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2809">243,203</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-13" decimals="2" name="san:FinancialAssetsPercentage" scale="-2" id="f-2810">100</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, France's rating for sovereign issuances has been modified from AA- to A+. During 2024, Portugal's rating for sovereign issuances was modified from BBB+ to A-. For the year 2023, the distribution of the exposure by rating level of the previous table was not affected by ratings reviews of the sovereign issuers.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">191</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-174"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-2481-3"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" id="f-2811" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by type of financial instrument, of private fixed-income securities at 31 December 2025, 2024 and 2023, net of impairment losses, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:49.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate debt</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1185" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2818">18,721</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1189" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2822">22,175</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1190" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2823">22,221</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1119" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2824">63,816</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1121" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2825">61,831</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1123" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2826">57,150</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:6pt;margin-top:6pt"><span id="i5eb4ab1e62f44c1aad4ab19af53a9f2b"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Impairment losses</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory" id="f-2827" continuedAt="f-2827-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the impairment losses on debt securities are summarised below:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:53.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of&#160;year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1191" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2828">349</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1192" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2829">286</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1193" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2830">226</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net impairment losses for the&#160;year</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1194" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2831">182</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1195" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2832">226</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1196" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2833">24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" 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scale="6" id="f-2839">12</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets written off</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1194" decimals="-6" name="ifrs-full:DecreaseThroughWriteoffFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-2840">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="ifrs-full:FinancialAssets" scale="6" id="f-2848">286</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By geographical location of risk:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">European Union</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1198" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2849">26</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1199" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2850">23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-1201" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2852">494</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1202" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2853">326</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1203" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2854">264</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Of the EUR <ix:nonFraction unitRef="eur" contextRef="c-1194" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2855">182</ix:nonFraction> million corresponding to net provisions for the year ended 31 December 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-1195" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2856">226</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1196" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2857">24</ix:nonFraction> million at 31 December 2024 and 2023, respectively), EUR <ix:nonFraction unitRef="eur" contextRef="c-1204" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2858">182</ix:nonFraction> million relates to financial assets at amortized cost (EUR <ix:nonFraction unitRef="eur" contextRef="c-1205" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2859">227</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1206" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2860">23</ix:nonFraction> million at 31 December 2024 and 2023, respectively) and EUR <ix:nonFraction unitRef="eur" contextRef="c-1207" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2861">0</ix:nonFraction> million relates to financial assets designated at fair value through other comprehensive income (EUR -<ix:nonFraction unitRef="eur" contextRef="c-1208" decimals="-6" sign="-" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2862">1</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1209" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-2863">1</ix:nonFraction> million at 31 December 2024 and 2023, respectively).</span></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023 the loan loss provision by impairment stage of the assets accounted for under IFRS9 amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-1210" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2864">62</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1211" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2865">39</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1212" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2866">30</ix:nonFraction> million in stage 1, EUR <ix:nonFraction unitRef="eur" contextRef="c-1213" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2867">66</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1214" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2868">9</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1215" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2869">8</ix:nonFraction> million in stage 2, and EUR <ix:nonFraction unitRef="eur" contextRef="c-1216" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2870">392</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1217" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2871">301</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1218" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-2872">248</ix:nonFraction> million in stage 3, respectively.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_928"></div><div style="margin-bottom:6pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span id="ic80f8716cf65469ead227d97142a5a3f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">8. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfEquityFinancialInstrumentsTextBlock" id="f-2873" continuedAt="f-2873-1" escape="true">Equity instruments</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_931"></div><ix:continuation id="f-2873-1" continuedAt="f-2873-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4fd6e42de1e2442985563d4265f84ac1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfEquityFinancialInstrumentsTableTextBlock" id="f-2874" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:49.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2875">22,030</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-9" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2876">16,636</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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id="f-2905">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1229" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-2906">245</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1230" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-2907">447</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1231" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-2908">162</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the RV hedged with micro-hedging transactions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1229" decimals="-6" sign="-" name="san:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeChangesInTheRVHedgedBeforeTax" scale="6" id="f-2909">76</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1230" decimals="-6" name="san:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeChangesInTheRVHedgedBeforeTax" scale="6" id="f-2910">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1231" decimals="-6" sign="-" name="san:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeChangesInTheRVHedgedBeforeTax" scale="6" id="f-2911">29</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of&#160;year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-2912">2,281</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-9" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-2913">2,193</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-10" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-2914">1,761</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">They do not include fair value movements for currency risk hedged with hedging instruments.</span></div></ix:nonNumeric></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_934"></div><ix:continuation id="f-2873-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i269df894adac4de29deeb391af382e20"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Notifications of acquisitions of investments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The notifications of the acquisitions and disposals of holdings in investees made by the Bank in 2025, in compliance with Article 155 of the Spanish Limited Liability Companies Law and Article 105 of Spanish Securities Market Law 24/1998, are listed in appendix IV.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">192</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_937"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-175"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="ia5da9842d46b418bb509ac170026623d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">9. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTradingDerivativesAndShortPositionsTextBlock" id="f-2915" continuedAt="f-2915-1" escape="true">Trading derivatives (assets and liabilities) and short positions</ix:nonNumeric></span></div><ix:continuation id="f-2915-1"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i35344bb4d90c409fb6282b9dd2ab5367"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Trading Derivatives</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTradingDerivativesTableTextBlock" id="f-2916" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by type of inherent risk, of the fair value of the trading derivatives arranged by the Group is as follows (see note&#160;11):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:15.308%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.831%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.831%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.831%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.831%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.831%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.837%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1232" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2917">29,550</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2927">22,834</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1243" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2928">23,094</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span 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Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Short positions</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfShortPositionsTableTextBlock" id="f-2947" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a breakdown of the short positions (liabilities):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:50.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.951%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Borrowed securities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1256" decimals="-6" name="san:FinancialLiabilitiesAttributableToBorrowedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-2948">2,938</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1257" decimals="-6" name="san:FinancialLiabilitiesAttributableToBorrowedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-2949">2,566</ix:nonFraction></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1258" decimals="-6" name="san:FinancialLiabilitiesAttributableToBorrowedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-2950">3,263</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: </span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-1260" decimals="-6" name="san:FinancialLiabilitiesAttributableToBorrowedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-2952">1,347</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1261" decimals="-6" name="san:FinancialLiabilitiesAttributableToBorrowedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-2953">1,383</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-36" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2976">35,830</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-37" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2977">26,174</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_940"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="id4d1f7857c3b496f8387ed42cf54b321"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">10. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory" id="f-2978" continuedAt="f-2978-1" escape="true">Loans and advances to customers</ix:nonNumeric></span></div><ix:continuation id="f-2978-1" continuedAt="f-2978-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="idc13193aa3f84b11853716a4fc93a088"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Detail</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfLoansAndAdvancesToCustomersTableTextBlock" id="f-2979" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:47.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.109%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-2982">11,634</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through<br/>profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-23" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-2983">1,701</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-24" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-2984">1,042</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-24" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2993">1,011,042</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-25" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-2994">1,009,845</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1277" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2995">21,158</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1278" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2996">22,125</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1279" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2997">22,788</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-23" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2998">1,037,288</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-24" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-2999">1,054,069</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-25" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3000">1,036,349</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers disregarding impairment losses </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1280" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3001">1,058,446</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1281" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3002">1,076,194</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1282" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3003">1,059,137</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of the residual maturity periods of 'Financial assets at amortized cost'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note&#160;54 shows the Group&#8217;s total exposure, by geographical origin of the issuer.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are no loans and advances to customers for material amounts without fixed maturity dates.</span></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">193</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-176"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-2978-2" continuedAt="f-2978-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i21f272f0b48d44ae8d0d3c27c53c96b2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfLoansAndAdvancesToCustomersBreakdownTableTextBlock" id="f-3004" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a breakdown of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:47.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.876%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan type and status</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commercial credit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1283" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3005">51,110</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1284" 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1308" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3063">1,076,194</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1309" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3064">1,059,137</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023 the Group had granted loans amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1337" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3065">18,127</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1338" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3066">16,562</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1339" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3067">15,544</ix:nonFraction> million to Spanish public sector agencies which had a rating at 31 December 2025 of A (ratings of A at 31 December 2024 and 31 December 2023), and EUR <ix:nonFraction unitRef="eur" contextRef="c-1340" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3068">16,248</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1341" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3069">13,593</ix:nonFraction> million, and EUR <ix:nonFraction unitRef="eur" contextRef="c-1342" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3070">11,530</ix:nonFraction> million to the public sector in other countries (at 31 December 2025, the breakdown of this amount by issuer rating was as follows: <ix:nonFraction unitRef="number" contextRef="c-1343" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-3071">3.6</ix:nonFraction>% AAA, <ix:nonFraction unitRef="number" contextRef="c-1344" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-3072">26.4</ix:nonFraction>% AA, <ix:nonFraction unitRef="number" contextRef="c-1345" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-3073">25.6</ix:nonFraction>% A, <ix:nonFraction unitRef="number" contextRef="c-1346" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-3074">27.5</ix:nonFraction>% BBB, <ix:nonFraction unitRef="number" contextRef="c-1347" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-3075">16.4</ix:nonFraction>% below BBB and <ix:nonFraction unitRef="number" contextRef="c-1348" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-3076">0.5</ix:nonFraction>% without rating).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Without considering the public administrations, the amount of the loans and advances at 31 December 2025, 2024 and 2023 amounts to EUR <ix:nonFraction unitRef="eur" contextRef="c-1349" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3077">1,024,071</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1350" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3078">1,046,039</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1351" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3079">1,032,063</ix:nonFraction> million, of which, EUR <ix:nonFraction unitRef="eur" contextRef="c-1352" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3080">954,533</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1353" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3081">1,012,389</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1354" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3082">998,010</ix:nonFraction> million are classified as performing, respectively.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">194</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-177"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-2978-3" continuedAt="f-2978-4"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfLoansAndAdvancesToCustomersInDetailByActivityTableTextBlock" id="f-3083" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail, by activity, of the loans to customers at 31 December 2025, net of impairment losses:</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:28.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.460%"/><td style="width:0.1%"/></tr><tr><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secured loans</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net exposure</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="15" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Without <br/>collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of&#160;which<br/>property<br/>&#160;collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of&#160;which<br/>other<br/>&#160;collateral</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or&#160;equal to 40%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 40%&#160;and less&#160;than or&#160;equal<br/>to 60%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 60%&#160;and less&#160;than or&#160;equal<br/>to 80%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 80%&#160;and less&#160;than or&#160;equal<br/>to 100%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1355" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3084">29,607</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1356" decimals="-6" 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name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3097">2,045</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1369" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" scale="6" id="f-3098">995</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1425" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3154">55,214</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1426" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3155">37,930</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1427" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3156">332,931</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1428" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3157">1,149</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1429" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3158">331,655</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1430" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" scale="6" id="f-3159">127</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1431" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3160">90,170</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1432" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3161">116,264</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1433" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3162">97,858</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1434" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3163">25,944</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt 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solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1438" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3167">1,667</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1439" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3168">86,521</ix:nonFraction>&#160;</span></td><td 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unitRef="eur" contextRef="c-1441" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3170">8,063</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1442" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3171">13,297</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3178">4,505</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1450" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3179">2,590</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-3184">359,542</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1455" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3185">404,014</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3187">126,703</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1458" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3188">155,022</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3190">178,789</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1461" decimals="-6" name="san:LoansToCustomersNetOfImpairmentLosses" format="ixt:num-dot-decimal" scale="6" id="f-3191">62,224</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 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name="san:RefinancedAndRestructuredTransactions" format="ixt:num-dot-decimal" scale="6" id="f-3200">3,383</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">In addition, the Group has granted advances to customers am</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:AdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3201">22,090</ix:nonFraction> million, bringing the total of loans and advances to EUR <ix:nonFraction unitRef="eur" contextRef="c-23" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3202">1,037,288</ix:nonFraction> million.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The ratio is the carrying amount of the transactions at 31 December 2025 provided by the latest available appraisal value of the collateral.</span></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note&#160;54 contains information relating to the forborne loan portfolio.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">195</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-178"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-2978-4" continuedAt="f-2978-5"><div style="width:100.000%"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfMovementInGrossExposureByImpairmentStageTableTextBlock" id="f-3203" continuedAt="f-3203-1" escape="true"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under 'Financial assets at amortised cost' and 'Financial assets at fair value through other comprehensive income' during 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:38.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1462" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3204">925,413</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1463" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3205">84,455</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1464" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3206">33,568</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1465" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3207">1,043,436</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1466" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3208">39,015</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1467" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3209">39,015</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1466" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3210">12,097</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1468" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3211">12,097</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1467" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3212">8,266</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1468" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3213">8,266</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1466" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3214">16,079</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1467" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3215">16,079</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1467" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3216">1,764</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1468" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3217">1,764</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1466" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3218">441</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1468" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3219">441</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1466" decimals="-6" sign="-" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3220">69,819</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1467" decimals="-6" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3221">12,940</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1468" decimals="-6" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3222">4,436</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1469" decimals="-6" sign="-" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3223">52,443</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1468" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3224">13,266</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1469" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3225">13,266</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1466" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3226">54,818</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1467" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3227">6,369</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1468" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3228">2,493</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1469" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3229">63,680</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1470" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3230">905,822</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1471" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3231">81,580</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1472" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3232">31,531</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1473" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3233">1,018,933</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:38.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.876%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1474" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3234">929,133</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1475" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3235">76,654</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1476" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3236">33,821</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1477" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3237">1,039,608</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers </span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1478" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3238">49,316</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1479" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3239">49,316</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1478" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3240">11,517</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1480" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3241">11,517</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1479" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3242">10,083</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1480" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3243">10,083</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1478" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3244">21,475</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1479" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3245">21,475</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1479" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3246">2,358</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1480" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3247">2,358</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1478" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3248">447</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1480" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3249">447</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets </span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1478" decimals="-6" sign="-" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3250">43,281</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1479" decimals="-6" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3251">11,616</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1480" decimals="-6" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3252">4,889</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1481" decimals="-6" sign="-" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3253">26,776</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1480" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3254">13,212</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1481" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3255">13,212</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1478" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3256">8,090</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1479" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3257">699</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1480" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3258">947</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1481" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3259">9,736</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1462" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3260">925,413</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1463" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3261">84,455</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1464" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3262">33,568</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1465" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3263">1,043,436</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></div></ix:nonNumeric><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-3203-1"><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:39.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1482" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3264">942,861</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1483" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3265">66,696</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1484" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3266">32,617</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1485" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3267">1,042,174</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1486" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3268">43,278</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1487" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3269">43,278</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1486" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3270">12,636</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1488" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3271">12,636</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1487" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3272">9,915</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1488" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3273">9,915</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1486" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3274">15,180</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1487" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3275">15,180</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1487" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3276">2,899</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1488" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3277">2,899</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1486" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3278">488</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1488" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3279">488</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1488" decimals="-6" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3282">4,218</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1489" decimals="-6" sign="-" name="san:NetChangesOnFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3283">14,805</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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scale="6" id="f-3285">13,847</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1486" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3286">3,178</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1487" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3287">451</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1488" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3288">105</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1489" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3289">3,524</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1474" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3290">929,133</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1475" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3291">76,654</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1476" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3292">33,821</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1477" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3293">1,039,608</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, at 31 December 2025, the Group had EUR <ix:nonFraction unitRef="eur" contextRef="c-1490" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-3294">307</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-1491" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-3295">515</ix:nonFraction> million at 31 December 2024 and EUR <ix:nonFraction unitRef="eur" contextRef="c-1492" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-3296">694</ix:nonFraction>  million at 31 December 2023) of exposure in assets purchased with impairment of which EUR <ix:nonFraction unitRef="eur" contextRef="c-1493" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-3297">46</ix:nonFraction> million still show signs of additional impairment, which correspond mainly to the business combinations carried out by the Group.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">196</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-179"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-2978-5" continuedAt="f-2978-6"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic651a9bd4b5642b5b44daca6bcbbd497"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Impairment losses on loans and advances to customers at amortised cost and at fair value through other comprehensive income</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfImpairmentLossAndAllowanceForLoansAndAdvancesToCustomersTableTextBlock" id="f-3298" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amount at beginning of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1494" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3299">22,125</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1495" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3300">22,788</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1496" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3301">22,684</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses charged to income for the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1497" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3302">14,144</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1498" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3303">13,428</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1499" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3304">13,805</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1497" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3305">24,935</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1498" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3306">22,761</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1499" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3307">20,608</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1498" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3309">9,333</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1499" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3310">6,803</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Change of perimeter</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1497" decimals="-6" name="san:IncreaseDecreaseThroughOtherChangesFinancialAssets" format="ixt:fixed-zero" scale="6" id="f-3311">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid 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contextRef="c-1499" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3319">194</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount at end of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1500" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3320">21,158</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1494" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3321">22,125</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1495" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3322">22,788</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Which correspond to:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1501" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3323">13,527</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1502" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3324">14,088</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1503" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3325">14,238</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1504" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3326">7,631</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1505" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3327">8,037</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1506" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3328">8,550</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Individually calculated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1507" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3329">2,359</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1508" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3330">2,258</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1509" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3331">2,951</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Collective calculated</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1510" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3332">18,799</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1511" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3333">19,867</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1512" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3334">19,837</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, provisions for debt securities amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1194" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-3335">182</ix:nonFraction> million were recorded at 31 December 2025 (provisions amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1195" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-3336">226</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1196" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-3337">24</ix:nonFraction> million as of 31 December 2024 and 2023, respectively), written-off assets recoveries have been recorded in the&#160;year amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1513" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3338">1,791</ix:nonFraction> million at 31 December 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-1514" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3339">1,600</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1515" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3340">1,587</ix:nonFraction> million at 31 December 2024 and 2023, respectively). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With this, the impairment recorded in Impairment or reversal of impairment at financial assets not measured at fair value through  profit or loss and net gains and losses from changes: 'Financial assets at fair value through other comprehensive income' and 'Financial assets at amortised cost (IFRS 9) and, Loans and receivables (IAS 39)'; amounts EUR <ix:nonFraction unitRef="eur" contextRef="c-1513" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3341">12,535</ix:nonFraction> million at 31 December 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-1514" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3342">12,136</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1515" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-3343">12,298</ix:nonFraction> million at 31 December 2024 and 2023, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-2827-1" continuedAt="f-2827-2"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:39.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1516" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3344">3,293</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1517" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3345">4,744</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1518" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3346">14,088</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1519" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3347">22,125</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1520" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" scale="6" id="f-3348">847</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1521" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3349">2,734</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3350">1,887</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1520" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" scale="6" id="f-3351">701</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1523" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3352">4,931</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3353">4,230</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1521" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3354">1,189</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1523" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3355">2,760</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3356">1,571</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1520" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3357">82</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1521" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3358">466</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3359">384</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1521" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3360">177</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1523" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3361">344</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3362">167</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1520" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3363">16</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1523" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3364">59</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3365">43</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1520" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3366">1,269</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1521" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" scale="6" id="f-3367">800</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1523" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3368">6,581</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3369">7,050</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1523" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3370">13,266</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3371">13,266</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1520" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3372">112</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1521" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3373">569</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1523" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3374">1,164</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1522" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3375">1,845</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1524" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3376">3,000</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1525" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3377">4,631</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1526" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3378">13,527</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1527" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3379">21,158</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:40.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1528" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3380">3,596</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1529" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3381">4,954</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1530" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3382">14,238</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1531" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3383">22,788</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1532" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" scale="6" id="f-3384">626</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1533" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3385">2,676</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3386">2,050</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1532" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" scale="6" id="f-3387">385</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1535" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3388">4,548</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3389">4,163</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1533" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3390">1,591</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1535" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3391">3,444</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3392">1,853</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1532" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3393">109</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1533" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3394">725</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3395">616</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1533" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3396">278</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1535" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3397">693</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3398">415</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1532" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3399">23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1535" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3400">156</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3401">133</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1532" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" scale="6" id="f-3402">755</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1533" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" scale="6" id="f-3403">704</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1535" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3404">6,655</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3405">6,706</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1535" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3406">13,212</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3407">13,212</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1532" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3408">179</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1533" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3409">144</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1535" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3410">736</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1534" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3411">1,059</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1516" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3412">3,293</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1517" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3413">4,744</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1518" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3414">14,088</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1519" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3415">22,125</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></div></ix:continuation></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">197</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-180"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-2978-6"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-2827-2" continuedAt="f-2827-3"><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:40.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1536" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3416">3,626</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1537" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3417">5,127</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1538" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3418">13,931</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1539" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3419">22,684</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1540" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" scale="6" id="f-3420">696</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1541" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3421">2,954</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3422">2,258</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1540" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" scale="6" id="f-3423">405</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1543" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3424">4,278</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3425">3,873</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1541" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3426">1,820</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1543" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3427">3,721</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3428">1,901</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1540" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3429">149</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1541" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3430">905</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" scale="6" id="f-3431">756</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1541" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3432">282</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1543" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3433">920</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" scale="6" id="f-3434">638</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1540" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3435">27</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1543" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3436">184</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" name="san:IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" scale="6" id="f-3437">157</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1540" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" scale="6" id="f-3438">875</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1541" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" scale="6" id="f-3439">557</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1543" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3440">7,212</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInModelsOrRiskParametersFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3441">7,530</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1543" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3442">13,847</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" sign="-" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3443">13,847</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1540" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3444">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1541" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3445">127</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1543" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3446">47</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1542" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" scale="6" id="f-3447">60</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1528" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3448">3,596</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1529" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3449">4,954</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1530" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3450">14,238</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1531" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3451">22,788</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span id="i5bf97dfa6b5245089d7f03e109d9b474"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Impaired assets and assets with unpaid past-due amounts</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfChangesInBalanceOfImpairmentLossAndAllowanceForLoansAndAdvancesToCustomersTableTextBlock" id="f-3452" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the changes in the balance of the financial assets classified as 'Financial assets Loans to customers' considered to be impaired due to credit risk is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:51.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.643%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1544" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3453">33,731</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1545" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3454">34,094</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1546" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3455">32,888</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net additions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1547" decimals="-6" name="ifrs-full:IncreaseThroughOriginationOrPurchaseFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3456">13,648</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1548" decimals="-6" name="ifrs-full:IncreaseThroughOriginationOrPurchaseFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3457">13,779</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1549" decimals="-6" name="ifrs-full:IncreaseThroughOriginationOrPurchaseFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3458">14,944</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1547" decimals="-6" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3459">13,266</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1548" decimals="-6" name="ifrs-full:DecreaseThroughDerecognitionFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3460">13,212</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span 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style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This amount, after deducting the related allowances, represents the Group&#8217;s best estimate of the discounted value of the flows that are expected to be recovered from the impaired assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the Group&#8217;s written-off assets totalled EUR <ix:nonFraction unitRef="eur" contextRef="c-1551" decimals="-6" name="ifrs-full:FinancialAssetsWrittenOffDuringReportingPeriodAndStillSubjectToEnforcementActivityContractualAmountOutstanding" format="ixt:num-dot-decimal" scale="6" id="f-3471">51,435</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-1552" decimals="-6" name="ifrs-full:FinancialAssetsWrittenOffDuringReportingPeriodAndStillSubjectToEnforcementActivityContractualAmountOutstanding" format="ixt:num-dot-decimal" scale="6" id="f-3472">49,939</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1553" decimals="-6" name="ifrs-full:FinancialAssetsWrittenOffDuringReportingPeriodAndStillSubjectToEnforcementActivityContractualAmountOutstanding" format="ixt:num-dot-decimal" scale="6" id="f-3473">48,138</ix:nonFraction> million at 31 December 2024 and 2023, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedWithOrWithoutCollateralTableTextBlock" id="f-3474" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2025:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:41.801%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.109%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.346%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross<br/>amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Allowance recognised</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated collateral<br/>value</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without associated real collateral</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1554" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3475">13,846</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1555" decimals="-6" sign="-" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3476">8,133</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1556" decimals="-6" name="san:EstimatedCollateralHeldValue" format="ixt:fixed-zero" scale="6" id="f-3477">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With real estate collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1557" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3478">7,777</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1558" decimals="-6" sign="-" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3479">1,759</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1559" decimals="-6" name="san:EstimatedCollateralHeldValue" format="ixt:num-dot-decimal" scale="6" id="f-3480">5,657</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With other collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1560" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3481">9,954</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1561" decimals="-6" sign="-" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3482">3,635</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1562" decimals="-6" name="san:EstimatedCollateralHeldValue" format="ixt:num-dot-decimal" scale="6" id="f-3483">5,424</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1563" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3484">31,577</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1564" decimals="-6" sign="-" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-3485">13,527</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1565" decimals="-6" name="san:EstimatedCollateralHeldValue" format="ixt:num-dot-decimal" scale="6" id="f-3486">11,081</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers&#8217; personal guarantees, are not included.</span></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When classifying assets in the previous table, the main factors considered by the Group to determine whether an asset has become impaired are the existence of amounts past due&#160;&#8212;assets impaired due to arrears&#8212; or other circumstances that may arise which will not result in all contractual cash flows being recovered, such as a deterioration of the borrower&#8217;s financial situation, the worsening of its capacity to generate funds or difficulties experienced by it in accessing credit.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie08cd25761e748628b937778eed25aae"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">e) Transferred credits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Loans and advances to customers' includes, inter alia, the securitised loans transferred to third parties on which the Group has&#160;retained&#160;the risks and rewards, albeit partially, and which therefore, in accordance with the applicable accounting standards, cannot be derecognised. This is mainly due to mortgage loans, loans to companies and consumer loans in which the group retains subordinate financing and/or grants some kind of credit enhancement to new holders.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Securitisation is used as a tool for the management of regulatory capital and as a means of diversifying the Group's liquidity sources.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTransfersOfFinancialAssetsExplanatory" id="f-3487" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:49.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retained on the balance sheet</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1566" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3488">80,072</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1567" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3489">80,824</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1568" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3490">75,738</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securitised mortgage assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1569" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3491">19,640</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1570" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3492">17,782</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1571" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3493">16,994</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: UK assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1572" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3494">10,236</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1573" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3495">9,034</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1574" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3496">6,096</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other securitised assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1575" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3497">60,432</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1576" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3498">63,042</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1577" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3499">58,744</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1566" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3500">80,072</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1567" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3501">80,824</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1568" decimals="-6" name="ifrs-full:AssetsThatEntityContinuesToRecognise" format="ixt:num-dot-decimal" scale="6" id="f-3502">75,738</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Note 22 details the liabilities associated with these securitisation transactions.</span></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, Grupo Santander had loans that had been fully derecognised and for which it retained servicing amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1566" decimals="-6" name="ifrs-full:RecognisedAssetsRepresentingContinuingInvolvementInDerecognisedFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3503">12,174</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-1567" decimals="-6" name="ifrs-full:RecognisedAssetsRepresentingContinuingInvolvementInDerecognisedFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3504">14,919</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1568" decimals="-6" name="ifrs-full:RecognisedAssetsRepresentingContinuingInvolvementInDerecognisedFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-3505">13,923</ix:nonFraction> million at 31 December 2024 and 2023, respectively).</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">198</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_943"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-181"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt;padding-right:263.62pt"><span id="ibd61e9916ef54adf97a62234f76dd174"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">11.&#160;<ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory" id="f-3506" continuedAt="f-3506-1" escape="true">Trading derivatives</ix:nonNumeric></span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfNotionalAmountAndMarketValueOfTradingDerivativesTableTextBlock" id="f-3507" escape="true"><ix:continuation id="f-3506-1"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:36.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.976%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Trading derivatives</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td 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#9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1578" decimals="-6" sign="-" name="san:DerivativeFairValue" scale="6" id="f-3509">32</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1579" decimals="-6" 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unitRef="eur" contextRef="c-1581" decimals="-6" name="san:DerivativeFairValue" format="ixt:num-dot-decimal" scale="6" id="f-3515">6,324</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1582" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-3516">6,127,812</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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contextRef="c-1593" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-3538">160,421</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1593" decimals="-6" name="san:DerivativeFairValue" scale="6" id="f-3539">441</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">EUR million</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1606" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3565">2,851</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1607" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3566">2,991</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1608" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3567">2,487</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1609" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3568">2,621</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1610" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3569">2,773</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which property assets in Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1611" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3570">1,705</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1612" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3571">1,896</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1613" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3572">2,138</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other tangible assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1614" decimals="-6" name="san:TangibleAssets" scale="6" id="f-3573">363</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1615" decimals="-6" name="san:TangibleAssets" scale="6" id="f-3574">230</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1616" decimals="-6" name="san:TangibleAssets" scale="6" id="f-3575">218</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1617" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3576">72,148</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1618" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3577">1,137</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1619" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3578">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;&#160;&#160;Caceis (Note 3)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1620" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3579">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1621" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3580">1,137</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1622" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3581">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;&#160;&#160;&#160;&#160;&#160;Santander Bank Polska S.A. (Note 3) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1623" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3582">72,148</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1624" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3583">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1625" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3584">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt 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style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1606" decimals="-6" name="ifrs-full:OtherAssets" scale="6" id="f-3586">14</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1607" decimals="-6" name="ifrs-full:OtherAssets" scale="6" id="f-3587">23</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total non-current assets held for sale</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1605" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3588">75,011</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1606" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3589">4,002</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1607" decimals="-6" name="ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3590">3,014</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A. (Note 2)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1623" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3591">62,995</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1624" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3592">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1625" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3593">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Liabilities associated with non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1605" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:num-dot-decimal" scale="6" id="f-3594">62,995</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1606" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3595">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1607" decimals="-6" name="ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-3596">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="margin-bottom:30pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-3562-2" continuedAt="f-3562-3"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the provisions recognised for the total non current assets held for sale totalled EUR <ix:nonFraction unitRef="eur" contextRef="c-1605" decimals="-6" name="san:ProvisionRecognisedForNonCurrentAssetsHeldForSaleTangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3597">2,357</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-1606" decimals="-6" name="san:ProvisionRecognisedForNonCurrentAssetsHeldForSaleTangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3598">2,606</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1607" decimals="-6" name="san:ProvisionRecognisedForNonCurrentAssetsHeldForSaleTangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3599">2,956</ix:nonFraction> million at 31 December 2024 and 2023, respectively). The charges recorded in those&#160;years amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-1626" decimals="-6" name="san:NoncurrentAssetsHeldForSaleTangibleAssetsValuationAllowanceCharges" scale="6" id="f-3600">131</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1627" decimals="-6" name="san:NoncurrentAssetsHeldForSaleTangibleAssetsValuationAllowanceCharges" scale="6" id="f-3601">163</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1628" decimals="-6" name="san:NoncurrentAssetsHeldForSaleTangibleAssetsValuationAllowanceCharges" scale="6" id="f-3602">139</ix:nonFraction> million, respectively, and the recoveries during these exercises are amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-1626" decimals="-6" name="san:NoncurrentAssetsHeldForSaleTangibleAssetsValuationAllowanceRecoveries" scale="6" id="f-3603">59</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-1627" decimals="-6" name="san:NoncurrentAssetsHeldForSaleTangibleAssetsValuationAllowanceRecoveries" scale="6" id="f-3604">71</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-1628" decimals="-6" name="san:NoncurrentAssetsHeldForSaleTangibleAssetsValuationAllowanceRecoveries" scale="6" id="f-3605">88</ix:nonFraction> million, respectively.</span></div><div style="margin-bottom:6pt;margin-top:9pt;text-indent:-0.01pt"><span id="ic4736ac6345b47268d4edadaef811743"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Assets and liabilities from entities held for sale</span></div><ix:nonNumeric contextRef="c-1" name="san:DiscontinuedOperationsConsolidatedBalanceSheetTableTextBlock" id="f-3606" continuedAt="f-3606-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is the consolidated balance sheet and consolidated summary cash flow statements for the Polish business held for sale:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:84.393%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated balance sheet</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-3607">2,515</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-3608">1,956</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-3609">8,173</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-3610">55,642</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-3611">1,335</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="san:TaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-3612">1,224</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:OtherAssets" format="ixt:num-dot-decimal" scale="6" id="f-3613">1,303</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-right:1pt solid #ffffff;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3614">72,148</ix:nonFraction></span></td></tr></table></div></ix:nonNumeric></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">199</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-182"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-3562-3"><ix:continuation id="f-3606-1"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:84.393%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated balance sheet</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" scale="6" id="f-3615">842</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortised cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-3616">59,704</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-3617">603</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="san:TaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3618">1,335</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:OtherLiabilities" scale="6" id="f-3619">511</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-3620">62,995</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:84.393%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="san:OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-3621">56</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains or losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans" format="ixt:fixed-zero" scale="6" id="f-3622">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-3623">56</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss" scale="6" id="f-3624">590</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" scale="6" id="f-3625">522</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-3626">164</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges (effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:ReserveOfCashFlowHedges" scale="6" id="f-3627">98</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" name="ifrs-full:ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-3628">8</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1629" decimals="-6" sign="-" name="san:AmountRecognisedInOtherComprehensiveIncomeAndSubjectToReclassificationToProfitOrLossRelatingToInvestmentsInAssociatedEntities" scale="6" id="f-3629">10</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated statements of cash flows</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A) Cash flows from operating activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1630" decimals="-6" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-3630">1,405</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1631" decimals="-6" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-3631">1,705</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1632" decimals="-6" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" scale="6" id="f-3632">352</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">B) Cash flows from investing activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1630" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" scale="6" id="f-3633">98</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1631" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" scale="6" id="f-3634">96</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1632" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" scale="6" id="f-3635">91</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">C) Cash flows from financing activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1630" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-3636">1,301</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1631" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-3637">1,194</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1632" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" scale="6" id="f-3638">591</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">D) Effect of foreign exchange rate differences</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" scale="6" id="f-3639">20</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" scale="6" id="f-3640">27</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" scale="6" id="f-3641">143</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E) Net increase/(decrease) in cash and cash equivalents</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1630" decimals="-6" name="san:IncreaseDecreaseInCashAndCashEquivalentsAfterEffectOfForeignExchangeRatesDiscontinuedOperations" scale="6" id="f-3642">26</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1631" decimals="-6" name="san:IncreaseDecreaseInCashAndCashEquivalentsAfterEffectOfForeignExchangeRatesDiscontinuedOperations" scale="6" id="f-3643">442</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1632" decimals="-6" sign="-" name="san:IncreaseDecreaseInCashAndCashEquivalentsAfterEffectOfForeignExchangeRatesDiscontinuedOperations" scale="6" id="f-3644">187</ix:nonFraction>)</span></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the  written-off assets totalled EUR <ix:nonFraction unitRef="eur" contextRef="c-1636" decimals="-6" name="san:RemeasurementOfDisposalGroupOrAssetsHeldForSaleWriteOff" format="ixt:num-dot-decimal" scale="6" id="f-3645">2,339</ix:nonFraction> million from the Polish business held for sale.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consistent with the Group&#180;s management model, the amounts related to the business held for sale in Poland are primarily reported within the Retail &amp; Commercial Banking segment for primary segment information purposes. Additionally, a separate breakdown for the Poland geography is presented as a secondary segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, see the consolidated summary profit and loss accounts for the business for sale in Poland in Note 37.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_949"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i27fb3da991024095b5ea57f222cde441"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">13.&#160;<ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory" id="f-3646" continuedAt="f-3646-1" escape="true">Investments</ix:nonNumeric></span></div><ix:continuation id="f-3646-1" continuedAt="f-3646-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i35a5cf5f5f994bbab84c4c837e8f2795"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" id="f-3647" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by company, of Investments is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:64.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.319%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.319%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.322%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associated entities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3648">5,096</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3649">5,216</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3650">5,682</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1637" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3651">1,830</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1638" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3652">1,803</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1639" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3653">1,621</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Zurich Santander Insurance<br/>America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1640" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" scale="6" id="f-3654">940</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1641" decimals="-6" name="ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod" scale="6" 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1667" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3684">232</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1668" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3685">261</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1669" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3686">254</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1670" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3687">270</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1671" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3688">249</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1672" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3689">205</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Volvo Car Financial Services UK Limited</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1673" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3690">116</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1674" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3691">99</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1675" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3692">76</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco RCI Brasil S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1676" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3693">77</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1677" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3694">94</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1678" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3695">92</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1679" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3696">235</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1680" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3697">296</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1681" decimals="-6" name="ifrs-full:InvestmentsInJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3698">237</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Associated entities and Joint ventures</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3699">7,052</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3700">7,277</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3701">7,646</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Acquisition of <ix:nonFraction unitRef="number" contextRef="c-1650" decimals="2" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-3702">20</ix:nonFraction>% of Pluxee Beneficios Brasil S.A. and capital increase of Merlin Properties, SOCIMI, S.A., both carried out in 2024.</span></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Of the entities included above, at 31 December 2025, the entities Merlin Properties, SOCIMI, S.A, and Metrovacesa, S.A. and Compa&#241;&#237;a Espa&#241;ola de Viviendas en Alquiler, S.A., are the only listed companies.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">200</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-183"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-3646-2" continuedAt="f-3646-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfGoodwillOfMainInvestmentsInJointVenturesAndAssociatesTableTextBlock" id="f-3703" continuedAt="f-3703-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:53.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Goodwill</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1640" decimals="-6" name="ifrs-full:Goodwill" scale="6" id="f-3707">526</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1641" decimals="-6" name="ifrs-full:Goodwill" scale="6" id="f-3708">526</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1642" decimals="-6" name="ifrs-full:Goodwill" scale="6" id="f-3709">526</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pluxee Beneficios Brasil S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid 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Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span></ix:continuation><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt"><ix:continuation id="f-3703-2">Acquisition of <ix:nonFraction unitRef="number" contextRef="c-1650" decimals="2" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-3716">20</ix:nonFraction>% of Pluxee Beneficios Brasil S.A. in 2024.</ix:continuation> </span></div><div style="margin-bottom:6pt"><span id="i300d1f8c1222493f838ae7e70a7bda3a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfChangesInASpecificInvestmentAccountedForUsingEquityMethodTableTextBlock" id="f-3717" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the investments were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:58.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.480%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.480%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.481%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3718">7,277</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3719">7,646</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:InvestmentsInSubsidiariesJointVenturesAndAssociatesAcquisitionsDisposalsAndCapitalIncreasesReductions" format="ixt:num-dot-decimal" scale="6" id="f-3722">1,011</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:InvestmentsInSubsidiariesJointVenturesAndAssociatesAcquisitionsDisposalsAndCapitalIncreasesReductions" scale="6" id="f-3723">52</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the consolidation method (Note 3)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ChangesInScopeOfConsolidation" scale="6" id="f-3724">15</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:ChangesInScopeOfConsolidation" scale="6" id="f-3725">13</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:ChangesInScopeOfConsolidation" scale="6" id="f-3726">43</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Entities for sale (Notes 3 y 12)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:InvestmentAccountedForUsingEquityMethodTransfersToNonCurrentAssetsEntitiesForSale" scale="6" id="f-3727">168</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:InvestmentAccountedForUsingEquityMethodTransfersToNonCurrentAssetsEntitiesForSale" format="ixt:num-dot-decimal" scale="6" id="f-3728">1,137</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:InvestmentAccountedForUsingEquityMethodTransfersToNonCurrentAssetsEntitiesForSale" format="ixt:fixed-zero" scale="6" id="f-3729">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of equity accounting</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3730">665</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3731">687</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-3732">591</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends distributed and reimbursements of share premium</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3733">694</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3734">745</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3735">565</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance Am&#233;rica, S.L. - Consolidado</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1685" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3736">206</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1686" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3737">202</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1687" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3738">202</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1688" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3739">118</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1689" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3740">52</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1690" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3741">50</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.- Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1691" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3742">87</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1692" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3743">82</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1693" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3744">52</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1694" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3745">57</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1695" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3746">53</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1696" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3747">51</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1697" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3748">54</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1698" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3749">88</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1699" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3750">51</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CIP S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1700" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3751">16</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1701" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3752">56</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1702" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" format="ixt:fixed-zero" scale="6" id="f-3753">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Caceis</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-323" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" format="ixt:fixed-zero" scale="6" id="f-3754">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1703" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3755">114</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1704" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" format="ixt:fixed-zero" scale="6" id="f-3756">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1705" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" format="ixt:fixed-zero" scale="6" id="f-3757">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1706" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" format="ixt:fixed-zero" scale="6" id="f-3758">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1707" decimals="-6" name="san:DividendsPaidAndReimbursementsOfSharePremium" scale="6" id="f-3759">58</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other global result</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:OtherGlobalResult" scale="6" id="f-3760">28</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherGlobalResult" scale="6" id="f-3761">32</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherGlobalResult" scale="6" id="f-3762">24</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other changes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:ExchangeDifferencesAndOtherChanges" scale="6" id="f-3763">54</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:ExchangeDifferencesAndOtherChanges" scale="6" id="f-3764">140</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ExchangeDifferencesAndOtherChanges" scale="6" id="f-3765">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3766">7,052</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3767">7,277</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-3768">7,646</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the acquisition of <ix:nonFraction unitRef="number" contextRef="c-1650" decimals="2" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" scale="-2" id="f-3769">20</ix:nonFraction>% of Pluxee Beneficios Brasil S.A. and the capital increase of Merlin Properties, SOCIMI, S.A carried out in 2024.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Stakes of Santander Bank Polska S.A. and Caceis (Notes 3 and 12).</span></div></ix:nonNumeric><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4890dc3a7a0c4deb80f4a565b7ac12b2"></span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Impairment adjustments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During the years 2025, 2024 and 2023 there was no evidence of significant impairment in the Group's associated interests.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">201</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-184"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-3646-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i2021c0825cd242d181220682c55850f0"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Other information</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFinancialInformationOnMainAssociatesAndJointVenturesTableTextBlock" id="f-3770" continuedAt="f-3770-1" escape="true"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">A summary of the financial information at the end of December 2025 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below:</span></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><ix:continuation id="f-3770-1"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:17.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.573%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="36" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Associates</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Merlin Properties, SOCIMI, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Metrovacesa, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Pluxee Beneficios Brasil S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Zurich Santander Insurance Am&#233;rica, S.L. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">CNP Santander</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Santander Caceis Latam Holding, S.L. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">U.C.I., S.A. - 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decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3795">1,341</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1711" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3796">22,624</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1712" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3797">2,304</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1713" decimals="-6" name="ifrs-full:Assets" scale="6" id="f-3798">780</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1714" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3799">9,273</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1715" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3800">5,687</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1716" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3801">2,100</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1717" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3802">1,867</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1718" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-3803">2,231</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Current liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1708" decimals="-6" name="ifrs-full:CurrentLiabilities" scale="6" id="f-3804">840</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1709" decimals="-6" name="ifrs-full:CurrentLiabilities" scale="6" id="f-3805">507</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1712" decimals="-6" name="ifrs-full:CurrentLiabilities" scale="6" id="f-3808">186</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1713" decimals="-6" name="ifrs-full:CurrentLiabilities" scale="6" id="f-3809">315</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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contextRef="c-1710" decimals="-6" name="ifrs-full:NoncurrentLiabilities" scale="6" id="f-3817">578</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1711" decimals="-6" name="ifrs-full:NoncurrentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3818">21,021</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-1709" decimals="-6" name="ifrs-full:AccumulatedOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-3849">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1710" decimals="-6" name="ifrs-full:AccumulatedOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-3850">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1716" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-3878">463</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1717" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-3879">484</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1718" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-3880">195</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td 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style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">14. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfInsuranceContractsLinkedToPensionsTextBlock" id="f-3925" continuedAt="f-3925-1" escape="true">Insurance contracts linked to pensions </ix:nonNumeric></span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfAmountsArisingFromInsuranceContractsLinkedToPensionsTableTextBlock" id="f-3926" escape="true"><ix:continuation id="f-3925-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Insurance contracts linked to pensions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.622%"><tr><td style="width:1.0%"/><td style="width:52.518%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.360%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.360%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.362%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets relating to insurance contracts covering post-employment benefit plan obligations:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1730" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreAssets" scale="6" id="f-3927">67</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1731" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreAssets" scale="6" id="f-3928">81</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1732" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreAssets" scale="6" id="f-3929">93</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreAssets" scale="6" id="f-3930">67</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreAssets" scale="6" id="f-3931">81</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreAssets" scale="6" id="f-3932">93</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">202</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_955"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-185"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="ia0aae1f5a93d4587b8e19db82863accb"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">15. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInsuranceContractsExplanatory" id="f-3933" continuedAt="f-3933-1" escape="true">Liabilities under insurance contracts</ix:nonNumeric></span></div><ix:continuation id="f-3933-1" continuedAt="f-3933-2"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" id="f-3934" escape="true"><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see                              note&#160;2.i) is as follows:</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.162%"><tr><td style="width:1.0%"/><td style="width:41.294%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.288%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.582%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.436%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3935">18,737</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3936">17,829</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3937">17,799</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liability for Remaining Coverage (LRC)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1733" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3938">18,291</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1734" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3939">17,377</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1735" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3940">17,333</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td 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0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current value of future cashflows (PVFCF)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1739" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3944">17,461</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1740" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3945">16,614</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1741" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-3946">16,627</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Risk adjustment for non-financial risk (RA)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1742" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3947">186</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1743" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3948">199</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1744" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3949">211</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Contractual service margin (CSM)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1745" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3950">547</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1746" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3951">479</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1747" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3952">424</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities relating to insurance contracts measured under PAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1748" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3953">97</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1749" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3954">85</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1750" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3955">71</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liability for incurred claims (LIC)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1751" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3956">446</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1752" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3957">452</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1753" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" scale="6" id="f-3958">466</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance of liabilities under insurance contracts reflected in the consolidated balance sheet includes the following elements:</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Liability for Remaining Coverage (LRC): amount of obligations provisioned to meet the fulfilment of future services assigned to the group on a date for a specific coverage period.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">Liabilities relating to insurance contracts measured under BBA/VFA, formed from the sum of the following elements:</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Current value of future cashflows (PVFCF): present value of future inflow and outflow cash flows weighted by their probability of occurrence.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Risk adjustment for non-financial risk (RA): reflects compensation for the uncertainty of cash flows by quantifying the amount necessary to compensate for unexpected losses in liability flows.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Contractual service margin (CSM): future benefit to be recognized during the coverage period. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">Liabilities relating to insurance contracts measured under PAA, valued using the premium allocation method, represent the portion of premiums written for the remaining hedge net of acquisition expenses.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Liability for Incurred Claims (LIC): amount of obligations provisioned to meet the fulfilment of past services assigned to the group on a date. </span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-3933-2"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The insurance activity is carried out mainly in the life insurance sector in its life-savings modality. Within the amount of liabilities for insurance contracts, Individual Life Annuities are the product that has the greatest weight in the consolidated balance sheet. This product consists of life annuities where the client contributes a single premium and receives a constant and periodic insured income (monthly, quarterly, semi-annual or annual) until his death where, at that time, the beneficiaries will receive the insured capital of <ix:nonFraction unitRef="number" contextRef="c-1754" decimals="2" name="san:InsuredCapitalOfPremiumContributedPercentageReceivedByBeneficiaries" scale="-2" id="f-3959">102</ix:nonFraction>% or <ix:nonFraction unitRef="number" contextRef="c-1755" decimals="2" name="san:InsuredCapitalOfPremiumContributedPercentageReceivedByBeneficiaries" scale="-2" id="f-3960">101</ix:nonFraction>% of the premium contributed. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The income and expenses recorded in the profit and loss account for the insurance activity, including reinsurance income and expenses, are not material in the Group's consolidated annual accounts.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">203</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_958"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-186"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;padding-right:263.62pt"><span id="ibd13d4770b18494aadbe01ef57a18182"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">16. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory" id="f-3961" continuedAt="f-3961-1" escape="true">Tangible assets</ix:nonNumeric></span></div><ix:continuation id="f-3961-1" continuedAt="f-3961-2"><div style="margin-bottom:6pt;padding-right:263.62pt"><span id="i0340b9d2788b4c1899c6ed0bceebd85f"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Changes</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfChangesInTangibleAssetsTableTextBlock" id="f-3962" continuedAt="f-3962-1" escape="true"><div style="padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Tangible assets in the consolidated balance sheets were as follows:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:26.587%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.767%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.767%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.178%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.969%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.389%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.767%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.767%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.736%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.973%"/><td style="width:0.1%"/></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For&#160;own&#160;use</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out&#160;under<br/>an&#160;operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For&#160;own&#160;use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out&#160;under<br/>an&#160;operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td 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decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3966">53,316</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1760" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3967">4,692</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1761" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-3968">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1762" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-3969">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1763" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3970">4,692</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1764" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-3971">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1765" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-3972">37</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-3976">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1770" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-3977">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1766" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-3981">34</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1767" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-3982">1,830</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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contextRef="c-1769" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-3984">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1770" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-3985">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1771" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-3986">125</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1764" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-3987">1,460</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1765" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-3988">641</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1766" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-3989">30</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1767" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-3990">2,071</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-3992">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1770" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-3993">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1772" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3995">26,243</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1773" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3996">25,304</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1774" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3997">1,576</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1775" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3998">53,123</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1776" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-3999">4,837</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1777" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4000">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1778" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4001">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1779" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4002">4,837</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1780" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4003">28</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid 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name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4005">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1783" decimals="-6" sign="-" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:num-dot-decimal" scale="6" id="f-4006">1,164</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1784" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4007">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1785" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4008">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1786" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4009">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1787" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4010">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1780" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4011">730</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1781" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4012">1,716</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1782" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4013">17</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1783" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4014">1,003</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1784" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4015">179</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1785" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4016">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 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id="f-4018">179</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1780" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4019">1,345</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1781" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4020">1,003</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1782" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4021">104</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1783" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4022">446</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4026">235</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1788" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4027">25,656</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1789" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4028">23,399</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1792" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4031">4,781</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1793" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4032">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1794" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4033">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1795" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4034">4,781</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1796" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4035">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1797" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4036">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1798" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4037">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1799" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4038">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1800" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4039">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1801" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4040">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1802" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4041">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1803" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4042">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1796" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4043">326</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1797" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4044">2,603</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1798" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4045">58</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1799" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4046">2,335</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1800" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4047">40</ix:nonFraction>)</span><span style="color:#000000;font-family:'Santander 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name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4049">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1803" decimals="-6" sign="-" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4050">40</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-1797" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4052">1,743</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1798" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4053">188</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1799" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4054">3,400</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1800" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4055">450</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1801" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4056">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1802" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4057">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1803" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4058">450</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1804" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4059">24,141</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1805" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4060">19,053</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1806" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4061">1,592</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1807" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4062">44,786</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1808" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4063">4,291</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1809" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4064">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1810" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4065">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1811" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4066">4,291</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated depreciation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 1 January 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1812" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4067">12,892</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1813" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4068">5,578</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1814" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4069">172</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1815" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4070">18,642</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1816" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4071">2,265</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1817" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4072">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1818" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4073">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1819" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4074">2,265</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1820" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4075">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1821" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4076">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1822" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4077">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4078">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1824" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4079">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1825" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4080">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1826" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4081">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1827" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4082">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1820" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4083">284</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1821" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4084">2,540</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1822" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4085">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4086">2,824</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1824" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4087">160</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1825" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4088">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1826" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4089">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1827" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4090">160</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the&#160;year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1820" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4091">1,689</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1821" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4092">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1822" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4093">11</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4094">1,700</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1824" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4095">580</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1825" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4096">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1826" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4097">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1827" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4098">580</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1820" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4099">1,653</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1821" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4100">2,744</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1822" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4101">16</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4102">1,107</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1824" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4103">69</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1825" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4104">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1826" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4105">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1827" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4106">69</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;Balance at 31 December 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1828" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4107">12,637</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1829" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4108">5,782</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1830" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4109">199</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1831" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4110">18,618</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1832" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4111">2,609</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1833" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4112">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1834" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4113">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1835" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4114">2,609</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1836" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4115">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1837" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4116">686</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1838" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4117">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1839" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" scale="6" id="f-4118">686</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1840" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4119">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1841" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4120">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1842" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4121">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1843" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4122">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1836" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4123">672</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1837" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4124">3,214</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1838" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4125">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1839" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4126">3,886</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1840" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4127">196</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1841" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4128">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1842" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4129">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1843" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4130">196</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the&#160;year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1836" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4131">1,544</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1837" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4132">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1838" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4133">9</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1839" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4134">1,553</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1840" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4135">460</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1841" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4136">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1842" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4137">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1843" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4138">460</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1836" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4139">890</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1837" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4140">2,902</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1838" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4141">46</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1839" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4142">1,966</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1840" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4143">59</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1841" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4144">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1842" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4145">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1843" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4146">59</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1844" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4147">12,619</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1845" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4148">4,784</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1846" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4149">162</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1847" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4150">17,565</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1848" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4151">2,814</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1849" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4152">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1850" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4153">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1851" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4154">2,814</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1852" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4155">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1853" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4156">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1854" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4157">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1855" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4158">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1856" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4159">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1857" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4160">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1858" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4161">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1859" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4162">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1852" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4163">663</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1853" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4164">2,428</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1854" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4165">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1855" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4166">3,091</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1856" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4167">177</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1857" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4168">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1858" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4169">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1859" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4170">177</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the&#160;year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1852" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4171">1,323</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1853" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4172">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1854" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4173">8</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1855" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4174">1,331</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1856" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4175">405</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-1857" xsi:nil="true" name="ifrs-full:DepreciationPropertyPlantAndEquipment" id="f-4176"></ix:nonFraction></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1858" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4177">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1859" decimals="-6" name="ifrs-full:DepreciationPropertyPlantAndEquipment" scale="6" id="f-4178">405</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1852" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4179">1,150</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1853" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:num-dot-decimal" scale="6" id="f-4180">1,917</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1854" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4181">32</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1855" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4182">799</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1856" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4183">381</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1857" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4184">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1858" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4185">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1859" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4186">381</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1860" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4187">12,129</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1861" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4188">4,273</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1862" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4189">202</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1863" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4190">16,604</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1864" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4191">2,661</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1865" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4192">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1866" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4193">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1867" decimals="-6" sign="-" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4194">2,661</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt"> Includes contract extensions on operating leases and repurchases.</span></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">204</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-187"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-3962-1"><ix:continuation id="f-3961-2" continuedAt="f-3961-3"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:27.913%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.767%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.767%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.736%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.380%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.389%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.620%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.767%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.736%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.825%"/><td style="width:0.1%"/></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For&#160;own&#160;use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out&#160;under<br/>an&#160;operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For&#160;own&#160;use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out&#160;under<br/>an&#160;operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at 1 January 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1868" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4195">189</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1869" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4196">33</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1870" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4197">379</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1871" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4198">601</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1872" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4199">14</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1873" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4200">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1874" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4201">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1875" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4202">14</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the&#160;year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1876" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4203">113</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1877" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4204">29</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1878" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4205">12</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1879" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4206">154</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1880" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4207">38</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1881" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4208">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1882" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4209">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1883" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4210">38</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1876" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4211">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1877" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4212">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1878" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4213">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1879" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4214">19</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1880" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4215">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1881" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4216">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1882" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4217">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1883" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4218">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1879" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4222">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1880" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4223">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1881" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4224">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1882" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4225">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1883" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4226">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1876" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4227">36</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1877" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4228">&#8212;</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1878" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4229">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1879" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4230">40</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1880" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4231">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt 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#9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1876" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4235">64</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1877" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4236">47</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1878" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4237">38</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1879" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4238">73</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1880" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4239">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1881" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4240">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1882" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4241">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1883" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4242">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4272">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1897" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4273">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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id="f-4280">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1897" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4281">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1898" 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1892" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4284">32</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1893" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4285">76</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4286">94</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1895" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4287">2</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1896" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4288">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1897" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4289">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1898" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4290">2</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1899" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4291">401</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid 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#ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1903" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4296">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1904" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4297">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1905" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4298">49</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span 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name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4300">79</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1908" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4301">15</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4302">266</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1910" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4303">41</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid 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id="f-4310">137</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1910" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4311">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1911" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4312">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1912" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4313">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1913" decimals="-6" name="ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" scale="6" id="f-4314">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1906" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4315">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1907" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4316">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1908" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4317">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4318">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1910" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4319">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1911" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4320">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1912" decimals="-6" name="san:NetOfAdditionsAndDisposalsToPropertyPlantAndEquipmentDueToChangeInScopeOfConsolidation" format="ixt:fixed-zero" scale="6" id="f-4321">&#8212;</ix:nonFraction>&#160;</span></td><td 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#9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1906" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4323">17</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1907" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4324">17</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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#9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1910" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4327">6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1911" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4328">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1912" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4329">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1913" decimals="-6" name="san:AdditionsAndDisposalsToPropertyPlantAndEquipment" scale="6" id="f-4330">6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1906" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4331">166</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1907" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4332">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1908" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4333">40</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4334">209</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1912" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" format="ixt:fixed-zero" scale="6" id="f-4337">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1913" decimals="-6" name="san:IncreaseDecreaseThroughTransfersExchangeDifferencesAndOtherItemsInPropertyPlantAndEquipment" scale="6" id="f-4338">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1914" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4339">349</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4345">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1920" decimals="-6" sign="-" name="san:TangibleAssets" scale="6" id="f-4346">74</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1926" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4353">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1927" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4354">2,183</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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contextRef="c-1929" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4356">18,576</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1930" decimals="-6" name="san:TangibleAssets" scale="6" id="f-4357">875</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4358">32,087</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1931" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4359">1,918</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1940" decimals="-6" name="san:TangibleAssets" format="ixt:fixed-zero" scale="6" id="f-4369">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1941" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4370">1,556</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">205</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-188"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-3961-3"><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="ie70e308cec65483b850a98316c6d2a29"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Tangible assets - For own use</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" id="f-4371" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:48.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.754%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets for own use</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>for leasing</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated<br/>depreciation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment<br/>losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying<br/>amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1942" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4372">14,973</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1943" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4373">5,010</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1944" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4374">154</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1945" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4375">9,809</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1946" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4376">2,104</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1947" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4377">5,614</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1948" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4378">4,154</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1949" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:fixed-zero" scale="6" id="f-4379">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1950" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4380">1,460</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1951" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4381">60</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1952" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4382">5,412</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1953" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4383">3,424</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1954" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:fixed-zero" scale="6" id="f-4384">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1955" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4385">1,988</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1956" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4386">19</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1957" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4387">244</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1958" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4388">49</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1959" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4389">44</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1960" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4390">151</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1964" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4394">198</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1965" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4395">13,408</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1966" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4396">2,183</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1967" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4397">15,113</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1968" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4398">5,516</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1969" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4399">353</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1970" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4400">9,244</ix:nonFraction>&#160;</span></td><td 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0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1972" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4402">5,283</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1973" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4403">3,926</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1974" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:fixed-zero" scale="6" id="f-4404">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1975" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4405">1,357</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1976" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4406">23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td 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id="f-4408">3,130</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1979" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:fixed-zero" scale="6" id="f-4409">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1980" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4410">1,833</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1981" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4411">13</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1990" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4420">12,636</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1991" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4421">1,918</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span 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sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4423">5,359</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1994" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4424">304</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1995" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4425">8,404</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1996" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4426">1,536</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1997" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4427">4,204</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1998" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4428">3,003</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1999" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4429">10</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2000" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4430">1,191</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2001" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4431">13</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2003" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4433">3,746</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2004" decimals="-6" sign="-" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4434">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2005" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4435">1,801</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2006" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" scale="6" id="f-4436">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2016" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4446">1,556</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The carrying amount at 31 December 2025 in the foregoing table includes the following approximate amounts EUR <ix:nonFraction unitRef="eur" contextRef="c-2017" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4447">6,545</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2018" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4448">6,531</ix:nonFraction> million at 31 December 2024 and EUR <ix:nonFraction unitRef="eur" contextRef="c-2019" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-4449">7,119</ix:nonFraction> million at 31 December 2023) relating to property, plant and equipment owned by group entities and branches located abroad.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie44cf85f37334d84a1cbcb2c9720d4fa"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Tangible assets - Leased out under an operating lease</span></div><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has assets leased out under operating leases where the company is the lessor and do not meet the accounting requirements to be classified as finance leases. The net cost of these leases is recorded as an asset and depreciated on a straight-line basis over the contractual term of the lease to the expected residual value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The expected residual value and, consequently, the monthly depreciation expense may change during the term of the lease. The Group estimates expected residual values using independent data sources and internal statistical models. It also assesses the estimate of the residual value of these leases and adjusts the depreciation rate in line with the change in the expected value of the asset at the end of the lease.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander periodically assesses its investment in operating leases for impairment in certain circumstances, such as a systemic and material decrease in the values of used vehicles. If assets leased out under operating leases are deemed to be impaired, impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Of the <ix:nonFraction unitRef="eur" contextRef="c-1936" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4450">14,753</ix:nonFraction> EUR million that the Group had assigned to operating leases at 31 December 2025 (<ix:nonFraction unitRef="eur" contextRef="c-1929" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4451">18,576</ix:nonFraction> EUR and <ix:nonFraction unitRef="eur" contextRef="c-1922" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4452">19,518</ix:nonFraction> EUR at 31 December 2024  and 2023, respectively), EUR <ix:nonFraction unitRef="eur" contextRef="c-2020" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4453">7,227</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2021" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4454">11,336</ix:nonFraction> and EUR <ix:nonFraction unitRef="eur" contextRef="c-2022" decimals="-6" name="san:TangibleAssets" format="ixt:num-dot-decimal" scale="6" id="f-4455">12,525</ix:nonFraction> at 31 December 2024 and 2023, respectively) relate to vehicles of Santander US Auto's business. The variable lease payments of various items of this business are not significant.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" id="f-4456" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the maturity analysis of the assets leased out under operating leases from Santander US Auto, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:84.393%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2023" decimals="-6" name="ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived" format="ixt:num-dot-decimal" scale="6" id="f-4457">3,988</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2024" decimals="-6" name="ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived" format="ixt:num-dot-decimal" scale="6" id="f-4458">4,228</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2025" decimals="-6" name="ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived" format="ixt:num-dot-decimal" scale="6" id="f-4459">1,332</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2026" decimals="-6" name="ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived" scale="6" id="f-4460">330</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:6pt;margin-top:9pt"><span id="ib69bf162a10d4e59976880d4d60982d1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Tangible assets - Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of investment property at 31 December 2025, 2024, 2023 amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-1937" decimals="-6" name="ifrs-full:FairValueOfPropertyPlantAndEquipmentMateriallyDifferentFromCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-4461">1,194</ix:nonFraction>, <ix:nonFraction unitRef="eur" contextRef="c-1930" decimals="-6" name="ifrs-full:FairValueOfPropertyPlantAndEquipmentMateriallyDifferentFromCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-4462">1,041</ix:nonFraction> and <ix:nonFraction unitRef="eur" contextRef="c-1923" decimals="-6" name="ifrs-full:FairValueOfPropertyPlantAndEquipmentMateriallyDifferentFromCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-4463">1,163</ix:nonFraction> million, respectively. A comparison of the fair value of investment property at 31 December 2025, 2024 and 2023 with the net book value shows gross unrealised gains of EUR <ix:nonFraction unitRef="eur" contextRef="c-2027" decimals="-6" name="san:UnrealizedGainsLossesOnFairValueAdjustment" scale="6" id="f-4464">172</ix:nonFraction>, <ix:nonFraction unitRef="eur" contextRef="c-2028" decimals="-6" name="san:UnrealizedGainsLossesOnFairValueAdjustment" scale="6" id="f-4465">166</ix:nonFraction> and <ix:nonFraction unitRef="eur" contextRef="c-2029" decimals="-6" name="san:UnrealizedGainsLossesOnFairValueAdjustment" scale="6" id="f-4466">207</ix:nonFraction> million, respectively, attributed completely to the group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The rental income earned from investment property and the direct costs related both to investment properties that generated rental income in 2025, 2024 and 2023 and to investment properties that did not generate rental income in those years are not material in the context of the consolidated financial statements.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">206</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_961"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-189"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:5pt;margin-top:15pt"><span id="ifef8ff8841f64846aa9ee888f345cb8d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">17. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfGoodwillExplanatory" id="f-4467" continuedAt="f-4467-1" escape="true">Intangible assets &#8211; Goodwill</ix:nonNumeric></span></div><ix:continuation id="f-4467-1" continuedAt="f-4467-2"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDetailedInformationAboutGoodwillTableTextBlock" id="f-4468" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows:</span></div><div style="margin-bottom:3pt"><table 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id="f-4469">3,031</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2031" decimals="-6" name="ifrs-full:Goodwill" format="ixt:num-dot-decimal" scale="6" id="f-4470">3,079</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2032" decimals="-6" 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2065" decimals="-6" name="ifrs-full:Goodwill" scale="6" id="f-4504">206</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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contextRef="c-2069" decimals="-6" name="ifrs-full:Goodwill" scale="6" id="f-4508">354</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2070" decimals="-6" name="ifrs-full:Goodwill" scale="6" id="f-4509">335</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:DisclosureOfReconciliationOfChangesInGoodwillExplanatory" id="f-4514" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in goodwill were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.690%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.097%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer to Assets held for sale (Notes 3 y 12)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:DecreaseThroughClassifiedAsHeldForSaleOrChangesInScopeOfConsolidationGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4527">1,176</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:DecreaseThroughClassifiedAsHeldForSaleOrChangesInScopeOfConsolidationGoodwill" format="ixt:fixed-zero" scale="6" id="f-4528">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:DecreaseThroughClassifiedAsHeldForSaleOrChangesInScopeOfConsolidationGoodwill" format="ixt:fixed-zero" scale="6" id="f-4529">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" scale="6" id="f-4530">291</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" scale="6" id="f-4531">605</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" scale="6" id="f-4532">240</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:Goodwill" format="ixt:num-dot-decimal" scale="6" id="f-4533">11,958</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:Goodwill" format="ixt:num-dot-decimal" scale="6" id="f-4534">13,438</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Goodwill" format="ixt:num-dot-decimal" scale="6" id="f-4535">14,017</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:3pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has goodwill generated by cash-generating units located in non-euro currency countries (mainly Brazil, Poland, the United States, the United Kingdom, Chile, Mexico, Norway and Sweden) and, therefore, this gives rise to exchange differences on the translation to euros, at closing rates, of the amounts of goodwill denominated in foreign currencies. Accordingly, in 2025 there was a decrease of EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" scale="6" id="f-4536">291</ix:nonFraction> million (a decrease of EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" scale="6" id="f-4537">605</ix:nonFraction> million in 2024 and an increase of EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" scale="6" id="f-4538">240</ix:nonFraction> million in 2023), due to exchange differences and other items which, pursuant to current standards, were recognised with a change to 'Other comprehensive income - Items that may be reclassified to profit or loss - Exchange differences in other comprehensive income in the consolidated statement of recognised income and expense' (see note 29.d).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At least once per year (or whenever there is any indication of impairment), Grupo Santander performs an analysis of the potential impairment of its recorded goodwill with respect to its recoverable amount. The first step that must be taken in order to perform this analysis is the identification of the cash-generating units, which are the Group's smallest identifiable groups of assets that generate cash inflows that are largely independent of the cash flows of other assets or groups of assets.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-4467-2" continuedAt="f-4467-3"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount to be recovered of each cash-generating unit is determined taking into consideration the carrying amount (including any fair value adjustment arising on the business combination) of all the assets and liabilities of all the independent legal entities composing the cash-generating unit, together with the related goodwill.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount to be recovered of the cash-generating unit is compared with its recoverable amount in order to determine whether there is any impairment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the existence of any indication that might be considered to be evidence of impairment of the cash-generating unit by reviewing information including the following (i)&#160;certain macroeconomic variables that might affect its investments (population data, political situation, economic situation&#160;&#8212;including banking concentration level&#8212;, among others) and (ii)&#160;various microeconomic variables comparing the investments of the Group with the financial services industry of the country in which the cash-generating unit carries on most of its business activities (balance sheet composition, total funds under management, results, efficiency ratio, capital adequacy ratio, return on equity, among others).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regardless of whether there is any indication of impairment, every&#160;year the Group calculates the recoverable amount of each cash-generating unit to which goodwill, has been allocated and, to this end, it uses price quotations, market references (multiples), internal estimates and valuations performed by internal and external experts.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Firstly, the Group determines the recoverable amount by calculating the fair value of each cash-generating unit on the basis of the quoted price of the cash-generating units, if available.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group performs estimates of the recoverable amounts of certain cash-generating units by calculating their value in use using discounted cash flow projections. The main assumptions used in this calculation are (i)&#160;earnings projections based on the financial budgets approved by the Group&#8217;s directors which cover between <span style="-sec-ix-hidden:f-4539">three</span> and <ix:nonNumeric contextRef="c-2076" name="san:RecoverableAmountsOfCertainCashGeneratingUnitsPeriodUsedInEstimate" format="ixt-sec:durwordsen" id="f-4540">five year</ix:nonNumeric> periods (unless a longer time horizon can be justified), (ii)&#160;discount rates determined as the cost of capital taking into account the risk-free rate of return plus a risk premium in line with the market and the business in which the units operate and (iii)&#160;constant growth rates used in order to extrapolate earnings in perpetuity which do not exceed the long-term average growth rate for the market in which the cash-generating unit in question operates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cash flow projections used by Group management to obtain the values in use are based on the financial budgets approved by both local management of the related local units and the Group&#8217;s directors. The Group&#8217;s budgetary estimation process is common for all the cash-generating units. The local management teams prepare their budgets using the following key assumptions:</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)&#160;&#160;&#160;&#160;Microeconomic variables of the cash-generating unit: management takes into consideration the current balance sheet structure, the product mix and the business decisions taken by local management in this regard.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">207</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-190"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-4467-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)&#160;&#160;&#160;&#160;Macroeconomic variables: growth is estimated on the basis of the changing environment, taking into consideration expected GDP growth in the unit&#8217;s geographical location and forecast trends in interest and exchange rates. These data, which are based on external information sources, are provided by the Group&#8217;s economic research service.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)&#160;&#160;&#160;&#160;Past performance variables: in addition, management takes into consideration in the projection the difference (both positive and negative) between the cash-generating unit&#8217;s past performance and budgets.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group has recognised impairment losses of EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-4541">4</ix:nonFraction> million of immaterial goodwill that has been recorded under the heading 'Impairment or reversal of the impairment of non-financial assets - Intangible assets' (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-4542">4</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossGoodwill" scale="6" id="f-4543">20</ix:nonFraction> million in 2024 and 2023, respectively). Goodwill is deducted from CET1 for regulatory purposes, so an impairment of goodwill has no impact on the Group's capital ratios.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory" id="f-4544" continuedAt="f-4544-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2025 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method:</span></div></ix:nonNumeric></div></div><ix:continuation id="f-4544-1"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:51.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.754%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Projected period</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth&#160;rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2077" name="san:PeriodOverWhichManagementHasProjectedCashFlows" format="ixt-sec:duryear" id="f-4545">5</ix:nonNumeric> years</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2051" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4546">12.4</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2051" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4547">2.5</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2078" name="san:PeriodOverWhichManagementHasProjectedCashFlows" format="ixt-sec:duryear" id="f-4548">3</ix:nonNumeric> years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2045" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4549">11.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2045" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4550">3.0</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2079" name="san:PeriodOverWhichManagementHasProjectedCashFlows" format="ixt-sec:duryear" id="f-4551">5</ix:nonNumeric> years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2048" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4552">13.6</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2048" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4553">3.5</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2080" name="san:PeriodOverWhichManagementHasProjectedCashFlows" format="ixt-sec:duryear" id="f-4554">5</ix:nonNumeric> years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2036" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4555">9.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2036" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4556">2.5</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2081" name="san:PeriodOverWhichManagementHasProjectedCashFlows" format="ixt-sec:duryear" id="f-4557">5</ix:nonNumeric> years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2033" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4558">11.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2033" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4559">2.5</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2082" name="san:PeriodOverWhichManagementHasProjectedCashFlows" format="ixt-sec:duryear" id="f-4560">5</ix:nonNumeric> years</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2039" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4561">10.6</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2039" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4562">2.5</ix:nonFraction>%</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The discount and nominal perpetual growth rates taken into account in 2024 and 2023 are presented below for comparison purposes:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:51.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.755%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth&#160;rate</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2052" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4563">11.8</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2053" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4564">11.9</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2052" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4565">2.5</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2053" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4566">2.5</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2067" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4567">12.9</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2068" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4568">13.2</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2067" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4569">5.0</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2068" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4570">5.0</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2046" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4571">12.2</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2047" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4572">12.8</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2046" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4573">3.0</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2047" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4574">3.0</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2049" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4575">13.4</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2050" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4576">13.4</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2049" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4577">3.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2050" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4578">3.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2037" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4579">9.1</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2038" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4580">9.7</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2037" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4581">2.0</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2038" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4582">2.3</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2034" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4583">11.6</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2035" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4584">11.6</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2034" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4585">2.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2035" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4586">2.5</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2040" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4587">10.2</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2041" decimals="3" name="ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections" scale="-2" id="f-4588">11.2</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2040" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4589">2.5</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2041" decimals="3" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" scale="-2" id="f-4590">2.5</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The variations reflected in the assumptions used in 2025 are mainly a consequence of the current macroeconomic scenario, as well as the level of inflation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Given the degree of uncertainty of the above key assumptions on which the recoverable amount of the cash-generating units is based, the Group performs a sensitivity analysis which consisted of adjusting  +/- <ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:SensitivityAnalysisDiscountRateAdjustmentIncrease" scale="-4" id="f-4591"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:SensitivityAnalysisDiscountRateAdjustmentDecrease" scale="-4" id="f-4592">50</ix:nonFraction></ix:nonFraction> basis points  the discount rate, adjusting +/- <ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:SensitivityAnalysisPerpetuityGrowthRateAdjustmentDecrease" scale="-4" id="f-4593"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:SensitivityAnalysisPerpetuityGrowthRateAdjustmentIncrease" scale="-4" id="f-4594">50</ix:nonFraction></ix:nonFraction> basis points  the growth rate in perpetuity and reducing the cash flow projections by <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:SensitivityAnalysisCashFlowProjectionsDecrease" scale="-2" id="f-4595">5</ix:nonFraction>%. These changes in the key assumptions in isolation mean that the recoverable amount of all the cash-generating units continues to exceed their amount to be recovered and have been considered by the Group as reasonably possible changes in the business operations of the cash-generating units are not contemplated.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The recoverable amount of Banco Santander - Chile and Banco Santander (Brasil) was calculated as the fair values of the aforementioned cash-generating units obtained from the quoted market prices of their shares at year-end. This value exceeded the amount to be recovered. A significant reduction in the quoted market prices of these cash generating unit could result in an indication of impairment which in turn may lead to a goodwill impairment charge in the future.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">208</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_964"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-191"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt;padding-right:85.04pt"><span id="id8269136429c4d3592eed9b260d785ad"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">18. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfIntangibleAssetsExplanatory" id="f-4596" continuedAt="f-4596-1" escape="true">Intangible assets - Other intangible assets</ix:nonNumeric></span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" id="f-4597" continuedAt="f-4597-1" escape="true"><ix:continuation id="f-4596-1" continuedAt="f-4596-2"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Intangible assets&#160;- Other intangible assets in the consolidated balance sheets and of the changes therein in 2025, 2024, and 2023 is as follows:</span></div></ix:continuation></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-4597-1" continuedAt="f-4597-2"><ix:continuation id="f-4596-2" continuedAt="f-4596-3"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:22.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.238%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful&#160;life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net&#160;<br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change&#160;in<br/>scope&#160;of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application&#160;of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and&#160;other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid 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id="f-4599">1,714</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1799" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4600">20</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1799" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4601">1,286</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1799" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4602">1,179</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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#9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2084" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4606">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2084" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4607">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2084" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4608">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2085" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4609">32</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2086" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-4610">3</ix:nonNumeric>-<ix:nonNumeric contextRef="c-2087" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-4611">10</ix:nonNumeric> years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2088" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4612">13,322</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2089" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4613">1,713</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2089" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4614">7</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2089" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4615">1,286</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2089" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4616">1,084</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2090" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4617">12,658</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2091" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4618">1,907</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2092" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4619">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2092" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4620">13</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2092" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4621">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2092" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4622">95</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2093" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4623">1,800</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1847" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4624">9,235</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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id="f-4626">12</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1855" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4627">1,847</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1855" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4628">1,228</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1855" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4629">795</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1863" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4630">9,047</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2094" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4631">8,312</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2095" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4632">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2095" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4633">6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2095" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2097" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4638">923</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2098" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4639">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2098" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4640">6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2098" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4641">132</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2098" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4642">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2098" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4643">72</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2099" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4644">977</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-971" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4645">205</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4646">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4647">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4648">108</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4649">58</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4650">162</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-970" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4651">93</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1909" decimals="-6" name="san:AmortisationAndImpairmentAdditionsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4652">108</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-1909" xsi:nil="true" name="san:AmortisationAndImpairmentLiberationsIntangibleAssetsOtherThanGoodwill" id="f-4653"></ix:nonFraction></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4654">5,821</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4655">1,714</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4656">8</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4657">1,955</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4658">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4659">222</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4660">5,350</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:22.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.386%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful&#160;life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net&#160;<br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change&#160;in<br/>scope&#160;of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application&#160;of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and&#160;other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1775" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4661">14,773</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1783" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4662">2,104</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1783" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4663">8</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1783" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4664">1,169</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1783" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4665">439</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1791" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4666">15,261</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2100" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4667">40</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2101" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4668">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2101" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4669">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2101" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4670">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2101" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4671">8</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2083" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4672">32</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2102" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-4673">3</ix:nonNumeric>-<ix:nonNumeric contextRef="c-2103" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-4674">10</ix:nonNumeric> years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2104" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4675">12,867</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2105" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4676">2,104</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2105" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4677">8</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2105" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4678">1,169</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2105" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4679">472</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2088" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4680">13,322</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2106" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4681">1,866</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2107" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4682">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2107" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4683">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2107" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4684">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2107" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4685">41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2091" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4686">1,907</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1831" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4687">8,851</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 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scale="6" id="f-4689">6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1839" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4690">1,626</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1839" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4691">1,062</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1839" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4692">174</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1847" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4693">9,235</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2108" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4694">8,078</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2109" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4695">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2109" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4696">6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2109" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4697">1,546</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2109" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4698">1,062</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2109" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4699">244</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2094" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4700">8,312</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2110" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4701">773</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2111" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4702">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2111" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4703">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2111" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4704">80</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2111" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4705">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2111" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4706">70</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2097" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4707">923</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-972" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4708">68</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4709">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4710">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4711">227</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4712">107</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4713">17</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-971" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4714">205</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" name="san:AmortisationAndImpairmentAdditionsIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4715">227</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1894" decimals="-6" name="san:AmortisationAndImpairmentLiberationsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4716">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4717">5,854</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4718">2,104</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4719">2</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4720">1,853</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4721">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4722">282</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4723">5,821</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">209</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-192"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-4597-2"><ix:continuation id="f-4596-3" continuedAt="f-4596-4"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:22.674%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.369%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.261%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.369%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.449%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.152%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.746%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.815%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.265%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful&#160;life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net&#160;<br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change&#160;in<br/>scope&#160;of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application&#160;of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and&#160;other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1759" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4724">12,502</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1767" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4725">2,197</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1767" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4726">176</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1767" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4727">230</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1767" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4728">128</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1775" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4729">14,773</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2112" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4730">33</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2113" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4731">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2113" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4732">8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2113" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4733">2</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2113" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4734">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2100" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4735">40</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonNumeric contextRef="c-2114" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-4736">3</ix:nonNumeric>-<ix:nonNumeric contextRef="c-2115" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" format="ixt-sec:duryear" id="f-4737">10</ix:nonNumeric> years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2116" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4738">10,721</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2117" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4739">2,197</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2117" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4740">18</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2117" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4741">196</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2117" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4742">127</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2104" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4743">12,867</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2118" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4744">1,748</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2119" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4745">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2119" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4746">150</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2119" decimals="-6" sign="-" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4747">32</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2119" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4748">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2106" decimals="-6" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4749">1,866</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1815" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4750">7,554</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4751">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4752">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4753">1,386</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4754">209</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1823" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4755">125</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1831" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4756">8,851</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2121" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4758">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2121" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4759">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2121" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4760">1,294</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2121" decimals="-6" name="san:ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4761">177</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2121" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4762">95</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2108" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-4763">8,078</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2122" decimals="-6" sign="-" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" scale="6" id="f-4764">688</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2123" decimals="-6" name="san:NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill" format="ixt:fixed-zero" scale="6" id="f-4765">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2123" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4766">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2123" decimals="-6" name="san:AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill" scale="6" id="f-4767">92</ix:nonFraction>)</span></td><td style="border-top:0.25pt 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Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of 'Other' of 'Other assets' is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"/><td style="width:57.509%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.800%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.145%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.146%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:OtherReceivables" scale="6" id="f-4794">246</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net pension plan assets (note&#160;25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:RecognisedAssetsDefinedBenefitPlan" scale="6" id="f-4795">784</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:RecognisedAssetsDefinedBenefitPlan" scale="6" id="f-4796">677</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:RecognisedAssetsDefinedBenefitPlan" format="ixt:num-dot-decimal" scale="6" id="f-4797">1,001</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Prepayments and accrued income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:PrepaymentsAndAccruedIncome" format="ixt:num-dot-decimal" scale="6" id="f-4798">3,121</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:PrepaymentsAndAccruedIncome" format="ixt:num-dot-decimal" scale="6" id="f-4799">3,016</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:PrepaymentsAndAccruedIncome" format="ixt:num-dot-decimal" scale="6" id="f-4800">2,911</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:OtherMiscellaneousAssets" format="ixt:num-dot-decimal" scale="6" id="f-4801">4,376</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherMiscellaneousAssets" format="ixt:num-dot-decimal" scale="6" id="f-4802">4,310</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherMiscellaneousAssets" format="ixt:num-dot-decimal" scale="6" id="f-4803">4,598</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:OtherNonfinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-4804">8,645</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:OtherNonfinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-4805">8,472</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:OtherNonfinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-4806">8,756</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">210</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_973"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-193"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i715b07b71ce441e8af9f237104400353"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">20. <ix:nonNumeric 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style="width:1.0%"/><td style="width:13.947%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.947%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.948%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 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unitRef="eur" contextRef="c-282" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4869">6,783</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-283" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4870">7,459</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span 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name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4872">18,725</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2149" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4873">16,794</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2153" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4877">158,642</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:nonNumeric><div 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As of 2023, the balance of such financing amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2156" decimals="-6" name="san:DepositsFromCentralBanksAtAmortisedCostDueToParticipationInRefinancingOperationsProgram" format="ixt:num-dot-decimal" scale="6" id="f-4880">11,583</ix:nonFraction> million, all corresponding to the TLTRO III financing program. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, <ix:nonFraction unitRef="eur" contextRef="c-2157" decimals="-6" name="san:IncomeExpenseFromParticipationInRefinancingOperationsProgram" format="ixt:fixed-zero" scale="0" id="f-4881">no</ix:nonFraction> expense has been recognized in the consolidated income statement corresponding to TLTRO III (expenses of EUR <ix:nonFraction unitRef="eur" contextRef="c-2158" decimals="-6" sign="-" name="san:IncomeExpenseFromParticipationInRefinancingOperationsProgram" scale="6" id="f-4882">158</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-2159" decimals="-6" sign="-" name="san:IncomeExpenseFromParticipationInRefinancingOperationsProgram" scale="6" id="f-4883">659</ix:nonFraction> million at 31 December 2024 and 2023, respectively, as a result of the conditions of the financing programme).</span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:continuation id="f-4807-2">Note&#160;51 contains a detail of the residual maturity periods of financial liabilities at amortised cost</ix:continuation>.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_976"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i55d65560e50146f693664bd3de23be08"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">21. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDepositsFromCustomersExplanatory" id="f-4884" continuedAt="f-4884-1" escape="true">Customer deposits</ix:nonNumeric></span></div><ix:continuation id="f-4884-1"><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfCustomerDepositsTableTextBlock" id="f-4885" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, geographical area and type, of Customer deposits is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:49.517%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 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name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-4887">18,984</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-49" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-4888">19,837</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span 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format="ixt:num-dot-decimal" scale="6" id="f-4925">1,487</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2185" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4926">1,525</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2186" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4927">1,789</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2187" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4928">96,791</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2188" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4929">78,317</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2189" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4930">78,822</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-47" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4931">1,041,200</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-48" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4932">1,055,936</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-49" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4933">1,047,169</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">According to the geography of the legal entity.</span></div></ix:nonNumeric><div style="text-indent:6.66pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note&#160;51 contains a detail of the residual maturity periods of financial liabilities at amortised cost.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">211</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_979"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-194"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i2af3cb85cf104369b9cb2339d8cc59f3"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">22. <ix:nonNumeric contextRef="c-1" name="san:ScheduleOfMarketDebtSecuritiesTextBlock" id="f-4934" continuedAt="f-4934-1" escape="true">Marketable debt securities</ix:nonNumeric></span></div><ix:continuation id="f-4934-1" continuedAt="f-4934-2"><div style="margin-bottom:6pt;margin-top:6pt"><span id="i03474f18b154408e879f426e609f26fd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfMarketableDebtSecuritiesTableTextBlock" id="f-4935" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification and type, of Marketable debt securities is as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:49.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bonds and debentures outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2190" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4948">253,893</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2191" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4949">252,765</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction 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format="ixt:num-dot-decimal" scale="6" id="f-4953">30,529</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Notes&#160;and other securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2196" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4954">41,638</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-51" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4958">325,521</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.198%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="padding:2px 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1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2199" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:fixed-zero" scale="6" id="f-4961">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2200" decimals="-6" name="ifrs-full:FinancialLiabilities" scale="6" id="f-4962">798</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2201" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4963">1,760</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2202" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4964">2,277</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2203" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4965">24,024</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2193" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4966">28,859</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2204" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4967">10,509</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2205" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4968">13,643</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2206" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4969">51,461</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2207" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4970">34,465</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2208" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4971">35,618</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2209" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4972">145,696</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2210" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4973">11,529</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2211" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4974">12,308</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2212" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4975">43,661</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2213" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4976">28,106</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2214" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4977">12,593</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2215" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4978">108,197</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2216" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4979">17,747</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2217" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4980">23,060</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2218" decimals="-6" name="ifrs-full:FinancialLiabilities" scale="6" id="f-4981">335</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2219" decimals="-6" name="ifrs-full:FinancialLiabilities" scale="6" id="f-4982">170</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2220" decimals="-6" name="ifrs-full:FinancialLiabilities" scale="6" id="f-4983">326</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2196" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4984">41,638</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2221" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4985">39,785</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2222" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4986">49,809</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2223" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4987">97,217</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2224" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4988">65,018</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2225" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4989">72,561</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2226" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-4990">324,390</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2025 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:25.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.198%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than&#160;5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2199" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-4991">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2200" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-4992">790</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2201" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-4993">1,744</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2202" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-4994">2,255</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2203" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-4995">22,926</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2193" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-4996">27,715</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2204" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-4997">10,056</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2205" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-4998">12,654</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2206" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-4999">50,189</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2207" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5000">34,089</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2208" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5001">36,469</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2209" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5002">143,457</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2210" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5003">11,038</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2211" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5004">12,110</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2212" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5005">43,467</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2213" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5006">28,116</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2214" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5007">12,513</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2215" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5008">107,244</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2216" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5009">17,709</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2217" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5010">23,042</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2218" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5011">299</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2219" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5012">154</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2220" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5013">312</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2196" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5014">41,516</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2221" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5015">38,803</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2222" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5016">48,596</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2223" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5017">95,699</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2224" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5018">64,614</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2225" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5019">72,220</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2226" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5020">319,932</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">212</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-195"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-4934-3" continuedAt="f-4934-4"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i9f3292e39ad04b86b357024adefd2a96"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:119%">b) Bonds and debentures outstanding&#160;&#160;&#160;&#160;</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDetailsByCurrencyOfIssueOfFinancialLiabilitiesOutstandingTableTextBlock" id="f-5021" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by currency of issue, of  'Bonds and debentures outstanding' is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.606%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency of issue</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding issue amount in foreign currency (Million)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Annual<br/>interest rate (%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2227" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5022">117,350</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2228" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5023">110,973</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2229" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5024">101,657</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2227" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5025">117,350</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2227" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-5026">2.72</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2230" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5027">71,140</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2231" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5028">79,740</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2232" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5029">70,229</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usd" contextRef="c-2230" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5030">83,632</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2230" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-5031">4.73</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2233" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5032">25,548</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2234" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5033">23,961</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2235" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5034">20,520</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbp" contextRef="c-2233" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5035">22,301</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2233" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-5036">5.14</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2236" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5037">21,848</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2237" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5038">18,683</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2238" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5039">21,861</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brl" contextRef="c-2236" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5040">141,089</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2236" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-5041">14.21</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2239" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5042">4,697</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2240" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5043">4,579</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2241" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5044">4,921</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clp" contextRef="c-2239" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5045">4,977,648</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2239" decimals="4" name="ifrs-full:BorrowingsInterestRate" scale="-2" id="f-5046">3.61</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2242" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5047">13,310</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2243" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5048">14,829</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2244" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5049">12,692</ix:nonFraction></span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2190" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5050">253,893</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2191" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5051">252,765</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2192" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5052">231,880</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div></ix:nonNumeric></ix:continuation><div><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">213</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-196"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfChangesInBondsAndDebenturesOutstandingTableTextBlock" id="f-5053" escape="true"><ix:continuation id="f-4934-4" continuedAt="f-4934-5"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Bonds and debentures outstanding' were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:75.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.754%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2191" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5054">252,765</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2192" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5055">231,880</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2245" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5056">211,597</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid 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Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2332" decimals="-6" name="ifrs-full:IssuesFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5146">1,102</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2024-2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2333" decimals="-6" name="ifrs-full:IssuesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-5147">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2334" decimals="-6" name="ifrs-full:IssuesFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5148">1,000</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2335" decimals="-6" name="ifrs-full:IssuesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-5149">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Redemptions and repurchases</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2246" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5150">60,335</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2247" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5151">57,676</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2248" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5152">48,825</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2258" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5153">14,854</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2259" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5154">15,888</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2260" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5155">7,889</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2261" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5156">9,430</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2262" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5157">6,919</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2263" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5158">10,542</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2267" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5159">7,905</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2268" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5160">10,806</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2269" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5161">14,466</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Group UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2264" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5162">4,936</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2265" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5163">7,764</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2266" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5164">6,185</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Finance, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2291" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5165">2,743</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2292" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5166">2,900</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2281" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-5170">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank, National Association</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2297" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5171">2,648</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2298" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5172">1,440</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2299" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5173">567</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2309" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5174">2,084</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2310" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5175">122</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2311" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5176">140</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2288" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5177">1,930</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2289" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5178">1,486</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2290" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5179">575</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander International Products, Plc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2270" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5180">1,327</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2271" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5181">584</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2272" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5182">728</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2276" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5183">1,327</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2277" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5184">233</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2278" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5185">266</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank AS</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2336" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5186">1,174</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2337" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5187">839</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2338" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5188">681</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2315" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5189">746</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2316" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5190">565</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2317" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5191">813</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2274" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" scale="6" id="f-5193">22</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2275" decimals="-6" name="ifrs-full:SettlementsFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-5194">&#8212;</ix:nonFraction>&#160;</span></td><td 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Exchange differences and other movements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2246" decimals="-6" sign="-" name="san:ExchangeDifferencesAndOtherMovements" format="ixt:num-dot-decimal" scale="6" id="f-5198">10,551</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2247" decimals="-6" name="san:ExchangeDifferencesAndOtherMovements" format="ixt:num-dot-decimal" scale="6" id="f-5199">1,864</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2248" decimals="-6" name="san:ExchangeDifferencesAndOtherMovements" format="ixt:num-dot-decimal" scale="6" id="f-5200">2,007</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Balance at&#160;year-end</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2190" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5201">253,893</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2191" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5202">252,765</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2192" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5203">231,880</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">214</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-197"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-4934-5" continuedAt="f-4934-6"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0a37cf9ba39947ebabd1d34b9996b9e0"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Notes and other securities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The notes of the Group (see Note 22.a) were issued basically by Santander Consumer Finance, S.A., Santander UK plc, Banco Santander (M&#233;xico), S.A. Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico, Banco Santander, S.A., Santander Consumer Bank AG, Banque Stellantis France, Banco Santander -Chile and Banco Santander S.A. - Uruguay.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8023adbc3c0740689b44ec0e2ff4f518"></span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Guarantees</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFinancialLiabilitiesSecuredByFinancialAssetsTableTextBlock" id="f-5204" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below is information on the liabilities secured by assets:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:51.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.643%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Asset-backed securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-50" decimals="-6" name="san:LiabilitiesSecuredByAssetBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5205">55,031</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-51" decimals="-6" name="san:LiabilitiesSecuredByAssetBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5206">49,723</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-52" decimals="-6" name="san:LiabilitiesSecuredByAssetBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5207">37,717</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, mortgage-backed securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-50" decimals="-6" name="san:LiabilitiesSecuredByMortgageBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5208">5,961</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-51" decimals="-6" name="san:LiabilitiesSecuredByMortgageBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5209">4,377</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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contextRef="c-50" decimals="-6" name="san:LiabilitiesSecuredByNonAssetBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5211">51,438</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-51" decimals="-6" name="san:LiabilitiesSecuredByNonAssetBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5212">50,141</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-52" decimals="-6" name="san:LiabilitiesSecuredByNonAssetBackedSecurities" format="ixt:num-dot-decimal" scale="6" id="f-5213">49,478</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: mortgage-backed bonds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-50" decimals="-6" name="san:LiabilitiesSecuredByMortgageBackedBonds" format="ixt:num-dot-decimal" scale="6" id="f-5214">22,624</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-51" decimals="-6" name="san:LiabilitiesSecuredByMortgageBackedBonds" format="ixt:num-dot-decimal" scale="6" id="f-5215">22,631</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-52" decimals="-6" name="san:LiabilitiesSecuredByMortgageBackedBonds" format="ixt:num-dot-decimal" scale="6" id="f-5216">24,619</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Covered bonds (non mortgage and export financing)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-50" decimals="-6" name="san:LiabilitiesSecuredByCoveredBond" format="ixt:num-dot-decimal" scale="6" id="f-5217">1,728</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-51" decimals="-6" name="san:LiabilitiesSecuredByCoveredBond" scale="6" id="f-5218">995</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-52" decimals="-6" name="san:LiabilitiesSecuredByCoveredBond" scale="6" id="f-5219">764</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-50" decimals="-6" name="san:LiabilitiesSecuredByFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-5220">108,197</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-51" decimals="-6" name="san:LiabilitiesSecuredByFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-5221">100,859</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-52" decimals="-6" name="san:LiabilitiesSecuredByFinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-5222">87,959</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main characteristics of the assets securing the aforementioned financial liabilities are as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.44pt">Asset-backed securities</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">Mortgage-backed securities- these securities are secured by mortgage assets (see Note&#160;10.e) with average maturities of more than <ix:nonNumeric contextRef="c-2339" name="san:MortgageBackedSecuritiesAverageMaturity" format="ixt-sec:durwordsen" id="f-5223">ten years</ix:nonNumeric> that must: be a first mortgage for acquisition of principal or second residence, be current in payments, have a loan-to-value ratio below <ix:nonFraction unitRef="number" contextRef="c-2340" decimals="INF" name="san:MortgageBackedSecuritiesLoanToValueRatio" scale="-2" id="f-5224">80</ix:nonFraction>% and have a liability insurance policy in force covering at least the appraisal value. The value of the financial liabilities broken down in the foregoing table is lower than the balance of the assets securing them&#160;&#8212;securitised assets retained on the balance sheet&#8212; mainly because the Group repurchases a portion of the bonds issued, and in such cases they are not recognised on the liability side of the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">Other asset&#160;- backed securities: includes asset-backed securities, notes issued by securitization funds collateralized mainly by mortgage loans that do not meet the above requirements and other loans (mainly personal loans with an average maturity of <ix:nonNumeric contextRef="c-2341" name="san:OtherAssetBackedSecuritiesPersonalLoansAverageMaturity" format="ixt-sec:durwordsen" id="f-5225">five years</ix:nonNumeric> and loans to SMEs with average maturities of <ix:nonNumeric contextRef="c-2341" name="san:OtherAssetBackedSecuritiesSMEAverageMaturity" format="ixt-sec:durwordsen" id="f-5226">seven years</ix:nonNumeric>) and private issues of Santander Consumer USA Holdings Inc. collateralized by vehicles assigned under operating leases.</span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-4934-6"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.44pt">Other mortgage securities include mainly: </span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">Mortgage-backed bonds with average maturities of more than <ix:nonNumeric contextRef="c-2339" name="san:MortgageBackedBondsAverageMaturity" format="ixt-sec:durwordsen" id="f-5227">ten years</ix:nonNumeric> that are secured by a portfolio of mortgage loans and credits (included in secured loans&#160; &#8212;see note&#160;10.b&#8212;) which must: not be classified as of procedural stage; have available appraisals performed by specialised entities; have a loan-to-value (LTV) ratio below <ix:nonFraction unitRef="number" contextRef="c-2340" decimals="INF" name="san:MortgageBackedBondsLoanToValueRatioHomeLoans" scale="-2" id="f-5228">80</ix:nonFraction>% in the case of home loans and below <ix:nonFraction unitRef="number" contextRef="c-2340" decimals="INF" name="san:MortgageBackedBondsLoanToValueRatioOtherAssetsLoans" scale="-2" id="f-5229">60</ix:nonFraction>% for loans for other assets and have sufficient liability insurance.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">Other debt securities issued as part of the Group&#8217;s liquidity strategy in the UK, mainly covered bonds in the UK secured by mortgage loans and other assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has a balance corresponding to mortgage bonds at 31 December 2025 of EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:LiabilitiesSecuredByMortgageBackedBonds" format="ixt:num-dot-decimal" scale="6" id="f-5230">22,624</ix:nonFraction> million (all of them issued in euros), which correspond to issues of Banco Santander, S.A. (with an outstanding face value of EUR <ix:nonFraction unitRef="eur" contextRef="c-1730" decimals="-6" name="san:MortgageBackedBondsOutstandingFaceValue" format="ixt:num-dot-decimal" scale="6" id="f-5231">22,360</ix:nonFraction> million).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The issuing entity may repay the mortgage bonds early, if this has been expressly established in the final conditions of the issue in question and in the conditions established there. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">None of the mortgage bonds issued by Banco Santander have replacement assets involved.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2023, the Bank of Spain has published Circular 1/2023 of 4 February , which modifies Circular 4/2017, repealing the breakdown in the annual accounts and the information related to internal accounting development and management control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, Banco Santander, S.A. issues internationalization certificates, which are securities whose capital and interest are guaranteed by loans and credits that are linked to the financing of export contracts or the internationalization of companies. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of the guarantees received by the Group (financial and non-financial assets) which the Group is authorised to sell or pledge even if the owner of the guarantee has not defaulted is scantly material taking into account the Consolidated financial statements as a whole.</span></div></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_982"></div></div></div><div style="margin-bottom:6pt;padding-right:263.62pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">215</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-198"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt;padding-right:263.62pt"><span id="iea22880e7caf4c388389b3ace46d2738"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">23. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory" id="f-5232" continuedAt="f-5232-1" escape="true">Subordinated liabilities</ix:nonNumeric></span></div><ix:continuation id="f-5232-1" continuedAt="f-5232-2"><div style="margin-bottom:6pt;margin-top:3pt;padding-right:263.62pt"><span id="ibf215cc2b27e4246bacfb045ee1ff0a4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfSubordinatedLiabilitiesDetailsTableTextBlock" id="f-5233" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities,  in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:42.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.496%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr style="height:16pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding issue amount in foreign currency (million)</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Annual interest rate (%)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency of issue</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2342" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5234">11,402</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2343" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5235">14,999</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2344" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5236">13,684</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2342" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5237">11,402</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2345" decimals="INF" name="san:SubordinatedLiabilitiesInterestRate" scale="-2" id="f-5238">4.55</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2346" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5239">9,750</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2347" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5240">13,425</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2348" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5241">11,300</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usd" contextRef="c-2346" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5242">11,462</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2349" decimals="INF" name="san:SubordinatedLiabilitiesInterestRate" scale="-2" id="f-5243">6.53</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2350" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5244">4,354</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2351" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5245">3,600</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2352" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5246">2,518</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brl" contextRef="c-2350" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5247">28,117</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2353" decimals="INF" name="san:SubordinatedLiabilitiesInterestRate" scale="-2" id="f-5248">16.30</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2354" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5249">1,347</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2355" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5250">1,409</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2356" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5251">1,353</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbp" contextRef="c-2354" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5252">1,176</ix:nonFraction></span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2357" decimals="INF" name="san:SubordinatedLiabilitiesInterestRate" scale="-2" id="f-5253">4.28</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2358" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5254">2,434</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2359" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5255">2,380</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2360" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5256">2,057</ix:nonFraction></span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7.75pt 0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7.75pt 0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of&#160;year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-59" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5257">29,287</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-60" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5258">35,813</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-61" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5259">30,912</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of the residual maturity periods of subordinated liabilities at each year-end.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0dad061466ca4bd289193a838b32d01d"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfReconciliationOfSubordinatedLiabilitiesTableTextBlock" id="f-5260" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The movement in the balance of subordinated liabilities in 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decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5261">35,813</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-61" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5262">30,912</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="san:SubordinatedLiabilitiesNetInclusionOfEntities" format="ixt:fixed-zero" scale="6" id="f-5264">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2363" decimals="-6" name="san:SubordinatedLiabilitiesNetInclusionOfEntities" format="ixt:fixed-zero" scale="6" id="f-5265">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2381" decimals="-6" name="san:SubordinatedLiabilitiesNetRedemptionsAndRepurchases" format="ixt:fixed-zero" scale="6" id="f-5292">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2382" decimals="-6" name="san:SubordinatedLiabilitiesNetRedemptionsAndRepurchases" scale="6" id="f-5293">702</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2371" decimals="-6" name="san:SubordinatedLiabilitiesNetRedemptionsAndRepurchases" format="ixt:fixed-zero" scale="6" id="f-5294">&#8212;</ix:nonFraction>&#160;</span></td><td 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format="ixt:num-dot-decimal" scale="6" id="f-5300">29,287</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-60" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5301">35,813</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid 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Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">The balance rel</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ating to issuances, r</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">edemptions and repurchases (EUR <ix:nonFraction unitRef="eur" contextRef="c-2362" decimals="-6" name="san:SubordinatedLiabilitiesNetIssuancesRedemptionsAndRepurchases" format="ixt:num-dot-decimal" scale="6" id="f-5303">4,823</ix:nonFraction> million), together with the interest paid in remuneration of these issuances including PPCC (EUR <ix:nonFraction unitRef="eur" contextRef="c-2362" decimals="-6" name="san:SubordinatedLiabilitiesInterestPaidInRemunerationOfIssuances" format="ixt:num-dot-decimal" scale="6" id="f-5304">1,560</ix:nonFraction> million), is included in the cash flow from financing activities.</span></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i6dc0c66d71ce46279e7d2e4cc33185d1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Other disclosures </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This caption includes contingent convertible or redeemable preferred participations, as well as other subordinated financial instruments issued by consolidated companies, which do not qualify as equity (preferred shares).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preferred shares do not have voting rights and are non-cumulative. They have been subscribed by third parties outside the Group, and except for the issuances of Santander UK plc, the rest are redeemable by decision of the issuer, according to the terms of each issue.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander's contingently convertible preferred participations are subordinated debentures and rank after common creditors and any other subordinated credit that by law and/or by their terms, to the extent permitted by Spanish law, ranks higher than the contingently convertible preferred participations. Their remuneration is conditioned to the obtainment of sufficient distributable profits, and to the limitations imposed by the regulations on shareholders' equity, and they have no voting rights. The other issues of Banco Santander, S.A. mentioned in this caption are also subordinated debentures and, for credit ranking purposes, they rank behind all the common creditors of the issuing entities and ahead of any other subordinated credit that ranks pari passu with the Bank's contingently convertible preferred participations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main issuances of subordinated debt securities, broken down by company, are detailed below:  </span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Issuances by Banco Santander, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 December 2025, Banco Santander, S.A. has proceeded to redeem in advance all the issued subordinated obligations: 'EUR <ix:nonFraction unitRef="eur" contextRef="c-2383" decimals="0" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="0" id="f-5305">60,000,000</ix:nonFraction>', with original maturity date on December 2026 and with ISIN code XS1492669509.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 19 November 2025, Banco Santander, S.A. carried out an issuance for an amount of USD <ix:nonFraction unitRef="eur" contextRef="c-2384" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5306">1,500</ix:nonFraction>&#160;million with ISIN code US05971KAA79.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">216</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-199"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5232-2" continuedAt="f-5232-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 24 September 2025, Banco Santander, S.A. proceeded to redeem in advance all the issued subordinated obligations: 'EUR <ix:nonFraction unitRef="eur" contextRef="c-2385" decimals="0" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="0" id="f-5307">50,000,000</ix:nonFraction> Fixed/Floating', with original maturity date on March 2029 and with ISIN code XS1585005314.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 5 August 2025, Banco Santander, S.A. proceeded to redeem in advance the subordinated debt issuances with ISIN code XS1384064587, for a nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2386" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5308">1,500</ix:nonFraction>&#160;million, with a coupon of <ix:nonFraction unitRef="number" contextRef="c-2386" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5309">3.250</ix:nonFraction>% and original maturity date on April 2026 and with ISIN code XS1548444816, for a nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2387" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5310">1,000</ix:nonFraction>&#160;million, with a coupon of <ix:nonFraction unitRef="number" contextRef="c-2387" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5311">3.125</ix:nonFraction>% and original maturity date on January 2027.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 2 July 2025, Banco Santander, S.A. proceeded to repurchase for their subsequent redeem in advance the contingently convertible preferred shares with ISIN code XS2102912966, for a total nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2388" decimals="-5" name="ifrs-full:NotionalAmount" scale="6" id="f-5312">466.6</ix:nonFraction> million and which are traded on the market of the Irish Stock Exchange 'Global Exchange Market', leaving the amount in circulation at  EUR <ix:nonFraction unitRef="eur" contextRef="c-2388" decimals="-5" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5313">1,033.4</ix:nonFraction> million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 2 July 2025, Banco Santander, S.A. carried out a placement of preference shares contingently convertible into newly issued ordinary shares of the Bank (PPCC), for a nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2389" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5314">1,500</ix:nonFraction>&#160;million with ISIN code XS3100756637 . The Issuance has been made at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set at <ix:nonFraction unitRef="number" contextRef="c-2389" decimals="2" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5315">6</ix:nonFraction>% quarterly for the first <ix:nonNumeric contextRef="c-2390" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5316">six years</ix:nonNumeric>, being reviewed every <ix:nonNumeric contextRef="c-2390" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5317">five years</ix:nonNumeric> thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2391" decimals="5" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5318">381.9</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-2390" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-5319">five-year</ix:nonNumeric> mid-swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 18 March 2025, Banco Santander, S.A. carried out an issuance for an amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2392" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5320">1,500</ix:nonFraction>&#160;million with ISIN code XS1201001572.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 17 February 2025, Banco Santander, S.A. prepaid EUR <ix:nonFraction unitRef="eur" contextRef="c-2393" decimals="-5" name="ifrs-full:RepaymentsOfSubordinatedLiabilities" scale="6" id="f-5321">600.8</ix:nonFraction>&#160;million out of a total of EUR <ix:nonFraction unitRef="eur" contextRef="c-2394" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5322">1,500</ix:nonFraction>&#160;million of the transaction with ISIN XS138406464587 following the tender announcement launched on 6 February 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 17 February 2025, Banco Santander, S.A. prepaid EUR <ix:nonFraction unitRef="eur" contextRef="c-2395" decimals="-5" name="ifrs-full:RepaymentsOfSubordinatedLiabilities" scale="6" id="f-5323">563.6</ix:nonFraction>&#160;million euros out of a total of EUR <ix:nonFraction unitRef="eur" contextRef="c-2396" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5324">1,000</ix:nonFraction>&#160;million of the transaction with ISIN XS1548444816 following the tender announcement launched on 6 February 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 August 2024, Banco Santander, S.A. carried out a placement of preference shares contingently convertible into newly issued ordinary shares of the Bank (PPCC), for a nominal amount of USD <ix:nonFraction unitRef="usd" contextRef="c-2397" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5325">1,500</ix:nonFraction>&#160;million (valued at EUR <ix:nonFraction unitRef="eur" contextRef="c-2397" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5326">1,356</ix:nonFraction>&#160;million). The issuance has been made at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set at <ix:nonFraction unitRef="number" contextRef="c-2397" decimals="2" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5327">8</ix:nonFraction>% annually for the first <ix:nonNumeric contextRef="c-2398" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5328">ten years</ix:nonNumeric>, being reviewed every <ix:nonNumeric contextRef="c-2398" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5329">five years</ix:nonNumeric> thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2399" decimals="5" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5330">391.1</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-2398" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-5331">5-year</ix:nonNumeric> mid-swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 May 2024, Banco Santander, S.A., proceeded to partially redeem in advance the contingently convertible preferred shares with ISIN code XS1793250041, for a total nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2400" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5332">1,312</ix:nonFraction>&#160;million and which are traded on the market of the Irish Stock Exchange 'Global Exchange Market' (the 'PPCC'), leaving the amount in circulation at EUR <ix:nonFraction unitRef="eur" contextRef="c-2400" decimals="-5" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-5333">187.6</ix:nonFraction>&#160;million.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 May 2024, Banco Santander, S.A. carried out a placement of preference shares contingently convertible into newly issued ordinary shares of the Bank (PPCC), for a nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2401" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5334">1,500</ix:nonFraction>&#160;million. The Issuance has been made at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set at <ix:nonFraction unitRef="number" contextRef="c-2401" decimals="2" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5335">7</ix:nonFraction>% annually for the first <ix:nonNumeric contextRef="c-2402" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5336">six years</ix:nonNumeric>, being reviewed every <ix:nonNumeric contextRef="c-2402" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5337">five years</ix:nonNumeric> thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2403" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5338">443.2</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-2402" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-5339">5-year</ix:nonNumeric> mid-swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 14 March 2024, Banco Santander, S.A. issued subordinated obligations for an amount of USD <ix:nonFraction unitRef="usd" contextRef="c-2404" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5340">1,250</ix:nonFraction>&#160;million (valued at EUR <ix:nonFraction unitRef="eur" contextRef="c-2404" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5341">1,158</ix:nonFraction>&#160;million) for a term of <ix:nonNumeric contextRef="c-2405" name="san:SubordinatedIssueTerm" format="ixt-sec:duryear" id="f-5342">10</ix:nonNumeric> years. The issuance was made at par and the issue coupon was set at <ix:nonFraction unitRef="number" contextRef="c-2404" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5343">6.35</ix:nonFraction>% per year, payable bi-annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 February 2024, Banco Santander, S.A., proceeded to prepay all of the contingently convertible Tier 1 preferred shares with ISIN code XS1951093894, for a total nominal amount of USD <ix:nonFraction unitRef="usd" contextRef="c-2406" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5344">1,200</ix:nonFraction>&#160;million (valued at EUR <ix:nonFraction unitRef="eur" contextRef="c-2406" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5345">1,110</ix:nonFraction>&#160;million) and that were traded on the Irish Stock Exchange 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 22 January 2024, Banco Santander, S.A. issued subordinated bonds for an amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2407" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5346">1,250</ix:nonFraction>&#160;million for a term of 10 years and 3 months. The issue was carried out at <ix:nonFraction unitRef="number" contextRef="c-2407" decimals="INF" name="san:NotionalAmountPlacedOnTheMarketPercentage" scale="-2" id="f-5347">99.74</ix:nonFraction>% and the issue coupon was set at <ix:nonFraction unitRef="number" contextRef="c-2407" decimals="2" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5348">5</ix:nonFraction>% per year for the first 5 years and 3 months, with an amortization option in April 2029, reviewing the coupon, in case of non-amortization, at a fixed rate equivalent to a margin of <ix:nonFraction unitRef="number" contextRef="c-2407" decimals="4" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5349">250</ix:nonFraction> points plus the <ix:nonNumeric contextRef="c-2408" name="san:SubordinatedIssueEuroSwapRateTerm" format="ixt-sec:durwordsen" id="f-5350">5-year</ix:nonNumeric> Euro swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 29 December 2023,  Banco Santander, S.A., proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code  XS1692931121 for a total nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2409" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5351">1,000</ix:nonFraction>&#160;million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 November 2023, Banco Santander, S.A., carried out a placement of <ix:nonFraction unitRef="branch" contextRef="c-2410" decimals="INF" name="san:NumberOfSeriesOfConvertiblePreferredStockIssued" format="ixt-sec:numwordsen" scale="0" id="f-5352">two</ix:nonFraction> series of contingently convertible preferred shares into newly issued ordinary shares of the Bank, for a total nominal amount of USD <ix:nonFraction unitRef="usd" contextRef="c-2411" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5353">1,150</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2411" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5354">1,054</ix:nonFraction>&#160;million at the exchange rate on the day of issue) and USD <ix:nonFraction unitRef="usd" contextRef="c-2412" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5355">1,350</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2412" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5356">1,235</ix:nonFraction>&#160;million at the exchange rate on the day of issue), respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The issue was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set (i) for the first Series at <ix:nonFraction unitRef="number" contextRef="c-2411" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5357">9.625</ix:nonFraction>% annually for the first five years and six months, being reviewed every <ix:nonNumeric contextRef="c-2413" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5358">five years</ix:nonNumeric> thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2411" decimals="5" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5359">530.6</ix:nonFraction> basis points on the <ix:nonNumeric contextRef="c-2413" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-5360">five-year</ix:nonNumeric> UST rate (<ix:nonNumeric contextRef="c-2413" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-5361">5-year</ix:nonNumeric> UST), and (ii) for the second Series at <ix:nonFraction unitRef="number" contextRef="c-2412" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5362">9.625</ix:nonFraction>% annually for the first <ix:nonNumeric contextRef="c-2414" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5363">ten years</ix:nonNumeric>, being reviewed thereafter every <ix:nonNumeric contextRef="c-2414" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5364">five years</ix:nonNumeric>, applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2412" decimals="5" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5365">529.8</ix:nonFraction> basis points on the <ix:nonNumeric contextRef="c-2414" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-5366">five-year</ix:nonNumeric> UST rate. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 August 2023, Banco Santander, S.A. carried out an issuance of subordinated obligations for an amount of <ix:nonFraction unitRef="usd" contextRef="c-2415" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5367">2,000</ix:nonFraction>&#160;million dollars (<ix:nonFraction unitRef="eur" contextRef="c-2415" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5368">1,821</ix:nonFraction>&#160;million euros at the exchange rate on the day of issuance). The issue was carried out at par coupon was set at <ix:nonFraction unitRef="number" contextRef="c-2415" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5369">6.921</ix:nonFraction>% per year, payable semiannually during the <ix:nonNumeric contextRef="c-2416" name="san:SubordinatedIssueTerm" format="ixt-sec:durwordsen" id="f-5370">10-year</ix:nonNumeric> life of the operation. </span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">217</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-200"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-5232-3" continuedAt="f-5232-4"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 23 May 2023, Banco Santander, S.A. issued subordinated bonds for an amount of <ix:nonFraction unitRef="eur" contextRef="c-2417" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5371">1,500</ix:nonFraction>&#160;million euros for a term of 10 years and 3 months. The issue was carried at <ix:nonFraction unitRef="number" contextRef="c-2417" decimals="INF" name="san:NotionalAmountPlacedOnTheMarketPercentage" scale="-2" id="f-5372">99.739</ix:nonFraction>% and the coupon of the issue was set at <ix:nonFraction unitRef="number" contextRef="c-2417" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5373">5.75</ix:nonFraction>% annually for the first 5 years and 3 months, with the option of amortization in August 2028, revising the coupon, in case of non-amortization, at a margin of <ix:nonFraction unitRef="number" contextRef="c-2417" decimals="4" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5374">285</ix:nonFraction> points plus the Euro Swap type <ix:nonNumeric contextRef="c-2418" name="san:SubordinatedIssueEuroSwapRateTerm" format="ixt-sec:duryear" id="f-5375">5</ix:nonNumeric> years.</span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 April 2022, Banco Santander, S.A. proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code XS1602466424 and common code 160246642 in circulation, for a total nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2419" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5376">750</ix:nonFraction>&#160;million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 22  November 2021, Banco Santander, S.A. issued subordinated debentures for a term of <ix:nonNumeric contextRef="c-2420" name="san:SubordinatedIssueTerm" format="ixt-sec:durwordsen" id="f-5377">eleven years</ix:nonNumeric>, with a redemption option on the tenth anniversary of the issue date, in the amount of USD <ix:nonFraction unitRef="usd" contextRef="c-2421" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5378">1,000</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2421" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5379">1,007</ix:nonFraction>&#160;million at the exchange rate on the day of issue). The issue bears interest at an annual rate of <ix:nonFraction unitRef="number" contextRef="c-2421" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5380">3.225</ix:nonFraction>%, payable semi-annually, for the first <ix:nonNumeric contextRef="c-2420" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5381">ten years</ix:nonNumeric>. This issue has an early redemption option in the tenth year from the issue date and if the redemption is not executed in the tenth year, the coupon is repriced at a margin of <ix:nonFraction unitRef="number" contextRef="c-2421" decimals="4" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5382">160</ix:nonFraction> points over the <ix:nonNumeric contextRef="c-2420" name="san:SubordinatedIssueUSGovernmentBondTerm" format="ixt-sec:durwordsen" id="f-5383">one-year</ix:nonNumeric> US government bond. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 4 October 2021, Banco Santander, S.A. issued subordinated debentures for a term of <ix:nonNumeric contextRef="c-2422" name="san:SubordinatedIssueTerm" format="ixt-sec:durwordsen" id="f-5384">eleven years</ix:nonNumeric>, with a redemption option on the sixth anniversary of the issue date, amounting to GBP <ix:nonFraction unitRef="gbp" contextRef="c-2423" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5385">850</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2423" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5386">887</ix:nonFraction>&#160;million at the exchange rate on the day of issue). The issue bears interest at an annual rate of <ix:nonFraction unitRef="number" contextRef="c-2423" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5387">2.25</ix:nonFraction>%, payable annually for the first <ix:nonNumeric contextRef="c-2422" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5388">six years</ix:nonNumeric> (then repricing at a margin of <ix:nonFraction unitRef="number" contextRef="c-2423" decimals="4" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5389">165</ix:nonFraction> points over the <ix:nonNumeric contextRef="c-2422" name="san:SubordinatedIssueUKGovernmentBondTerm" format="ixt-sec:durwordsen" id="f-5390">5-year</ix:nonNumeric> UK government bond).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 September 2021, Banco Santander, S.A. carried out a placement of preferential shares contingently convertible into newly issued ordinary shares of the Bank ('PPCC') for a nominal amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2424" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5391">1,000</ix:nonFraction>&#160;million (issue placed on the market EUR <ix:nonFraction unitRef="eur" contextRef="c-2424" decimals="-6" name="san:NotionalAmountPlacedOnTheMarket" scale="6" id="f-5392">997</ix:nonFraction>&#160;million). The issuance was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set at <ix:nonFraction unitRef="number" contextRef="c-2424" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5393">3.625</ix:nonFraction>% per year for the first <ix:nonNumeric contextRef="c-2425" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5394">eight years</ix:nonNumeric>, being reviewed every <ix:nonNumeric contextRef="c-2425" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5395">five years</ix:nonNumeric> applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2424" decimals="4" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5396">376</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-2425" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-5397">5-year</ix:nonNumeric> Mid-Swap Rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 12 May 2021, Banco Santander, S.A. placed the issue of preference shares contingently convertible into newly issued ordinary shares of the Bank, previously announced, for a total nominal amount of  EUR <ix:nonFraction unitRef="eur" contextRef="c-2426" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5398">1,578</ix:nonFraction>&#160;million, issued in a Series in Dollars of  USD <ix:nonFraction unitRef="usd" contextRef="c-2427" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5399">1,000</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2427" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5400">828</ix:nonFraction>&#160;million at the exchange rate on the day of issue) and a Series in Euros for an amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2428" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5401">750</ix:nonFraction>&#160;million. The issuance was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set (i) for the Series in Dollars at <ix:nonFraction unitRef="number" contextRef="c-2427" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5402">4.750</ix:nonFraction>% per annum for the first <ix:nonNumeric contextRef="c-2429" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5403">six years</ix:nonNumeric>, being revised every <ix:nonNumeric contextRef="c-2429" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5404">five years</ix:nonNumeric> applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2427" decimals="5" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5405">375.3</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-2429" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-5406">5-year</ix:nonNumeric> UST rate and (ii) for the Series in Euros by <ix:nonFraction unitRef="number" contextRef="c-2428" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5407">4.125</ix:nonFraction>% per annum for the first <ix:nonNumeric contextRef="c-2430" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5408">seven years</ix:nonNumeric>, being revised every <ix:nonNumeric contextRef="c-2430" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5409">five years</ix:nonNumeric> applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2428" decimals="5" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5410">431.1</ix:nonFraction> basis points over the applicable <ix:nonNumeric contextRef="c-2430" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-5411">5-year</ix:nonNumeric> euro mid-swap.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 3 December 2020, Banco Santander, S.A. issued subordinated debentures with a <ix:nonNumeric contextRef="c-2431" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5412">ten-year</ix:nonNumeric> term of USD <ix:nonFraction unitRef="usd" contextRef="c-2432" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5413">1,500</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2432" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5414">1,222</ix:nonFraction>&#160;million at the date of issue). The issue bears interest at an annual rate of <ix:nonFraction unitRef="number" contextRef="c-2432" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5415">2.749</ix:nonFraction>%, payable semiannually.</span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-5232-4"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 22 October 2020, it carried out a <ix:nonNumeric contextRef="c-2433" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5416">ten-year</ix:nonNumeric> subordinated debenture issue for an amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2434" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5417">1,000</ix:nonFraction>&#160;million. The issue bears interest at an annual rate of <ix:nonFraction unitRef="number" contextRef="c-2434" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5418">1.625</ix:nonFraction>%, payable annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 14 January 2020, it carried out a placement of contingently convertible preferred participations into newly issued ordinary shares of the Bank (the 'PPCCs'), excluding the pre-emptive subscription rights of its shareholders and for a nominal amount of  EUR <ix:nonFraction unitRef="eur" contextRef="c-2435" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5419">1,500</ix:nonFraction>&#160;million (the 'Issuance' and the 'PPCCs'). The Issuance was made at par and the remuneration of the PPCCs, the payment of which is subject to certain conditions and is also discretionary, was set at <ix:nonFraction unitRef="number" contextRef="c-2435" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5420">4.375</ix:nonFraction>% per annum for the first <ix:nonNumeric contextRef="c-2436" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5421">six years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-2436" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:durwordsen" id="f-5422">five years</ix:nonNumeric> thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-2435" decimals="5" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-5423">453.4</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-2436" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-5424">5-year</ix:nonNumeric> mid-Swap Rate (<ix:nonNumeric contextRef="c-2436" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-5425">5-year</ix:nonNumeric> mid-Swap Rate).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 February 2018, a <ix:nonNumeric contextRef="c-2437" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5426">ten-year</ix:nonNumeric> subordinated debenture issuance of EUR <ix:nonFraction unitRef="eur" contextRef="c-2438" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5427">1,250</ix:nonFraction>&#160;million was carried out. The issue accrues annual interest of <ix:nonFraction unitRef="number" contextRef="c-2438" decimals="5" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5428">2.125</ix:nonFraction>% payable annually.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Issuances by Banco Santander (Brasil) S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In early December 2025, Brazil closed a Tier 2 subordinated debt issuance in its local market with a <ix:nonNumeric contextRef="c-2439" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5429">10-year</ix:nonNumeric> term and the first call date at <ix:nonNumeric contextRef="c-2439" name="san:SubordinatedIssueFirstCallDate" format="ixt-sec:duryear" id="f-5430">5</ix:nonNumeric> years, for an amount of BRL <ix:nonFraction unitRef="brl" contextRef="c-2440" decimals="-7" name="ifrs-full:SubordinatedLiabilities" scale="9" id="f-5431">2.4</ix:nonFraction>&#160;billion. The issuance price was 10y CDI + <ix:nonFraction unitRef="number" contextRef="c-2440" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-4" id="f-5432">65</ix:nonFraction> bps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At September 2024, Brazil issued AT1 Financial Notes (PerpNC5) in its local market for an amount of BRL <ix:nonFraction unitRef="usd" contextRef="c-2441" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-5433">7,600</ix:nonFraction> million at CDI + <ix:nonFraction unitRef="number" contextRef="c-2441" decimals="2" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5434">140</ix:nonFraction>% (equivalent to UST +<ix:nonFraction unitRef="number" contextRef="c-2441" decimals="4" name="san:SubordinatedIssueInterestRateUST" scale="-4" id="f-5435">222</ix:nonFraction> bps).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the beginning of October 2023, Banco Santander (Brasil) S.A. carried out an issuance of Subordinated Financial Bills (TIER II) in its local market for a <ix:nonNumeric contextRef="c-2442" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5436">10-year</ix:nonNumeric> term, with a repurchase option as of the fifth anniversary of the issuance date, in the amount of BRL <ix:nonFraction unitRef="brl" contextRef="c-2443" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5437">6,000</ix:nonFraction>&#160;million. The issuance price was CDI +<ix:nonFraction unitRef="number" contextRef="c-2443" decimals="3" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5438">1.6</ix:nonFraction>% per annum, payable at maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of November 2021, Banco Santander (Brasil) S.A. carried out an issuance of Subordinated Financial Bills (TIER II) in its local market for a <ix:nonNumeric contextRef="c-2444" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-5439">10-year</ix:nonNumeric> term, with a repurchase option as of the fifth anniversary of the issue date, in the amount of BRL <ix:nonFraction unitRef="brl" contextRef="c-2445" decimals="-6" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5440">5,500</ix:nonFraction>&#160;million. The issue price was CDI <ix:nonFraction unitRef="number" contextRef="c-2445" decimals="2" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-5441">2</ix:nonFraction>% per annum, payable at maturity.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Issuance by Santander Bank Polska S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 28 November 2024, Santander Bank Polska S.A proceeded to repay subordinated debt ISIN XS0531310182 for EUR <ix:nonFraction unitRef="eur" contextRef="c-2446" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-5442">100</ix:nonFraction>&#160;million. The debt was originally fully subscribed by the EBRD at 5 August 2010.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accrued interests from the subordinated liabilities during 2025 amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2447" decimals="-6" name="ifrs-full:InterestPayable" format="ixt:num-dot-decimal" scale="6" id="f-5443">1,486</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2448" decimals="-6" name="ifrs-full:InterestPayable" format="ixt:num-dot-decimal" scale="6" id="f-5444">1,357</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-2449" decimals="-6" name="ifrs-full:InterestPayable" format="ixt:num-dot-decimal" scale="6" id="f-5445">1,010</ix:nonFraction> million during 2024 and 2023, respectively). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, interests from the PPCC and PPCA during 2025 amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2450" decimals="-6" name="san:SubordinatedIssueIncreaseAccruedInterest" scale="6" id="f-5446">622</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2451" decimals="-6" name="san:SubordinatedIssueIncreaseAccruedInterest" scale="6" id="f-5447">620</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-2452" decimals="-6" name="san:SubordinatedIssueIncreaseAccruedInterest" scale="6" id="f-5448">492</ix:nonFraction> million in 2024 and 2023, respectively).</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">218</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_988"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-201"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span id="i1dc1ac96f9a1492398c120bb366b7db2"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">24. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherFinancialLiabilitiesTextBlock" id="f-5452" continuedAt="f-5452-1" escape="true">Other financial liabilities</ix:nonNumeric></span></div><ix:continuation id="f-5452-1"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherFinancialLiabilitiesTableTextBlock" id="f-5453" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other financial liabilities in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:57.850%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.480%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.482%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trade payables</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:TradeAndOtherPayablesToTradeSuppliers" format="ixt:num-dot-decimal" scale="6" id="f-5454">1,452</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:TradeAndOtherPayablesToTradeSuppliers" format="ixt:num-dot-decimal" scale="6" id="f-5455">1,452</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:TradeAndOtherPayablesToTradeSuppliers" format="ixt:num-dot-decimal" scale="6" id="f-5456">1,783</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Clearing houses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:ItemsInCourseOfTransmissionToOtherBanks" scale="6" id="f-5457">794</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:ItemsInCourseOfTransmissionToOtherBanks" scale="6" id="f-5458">776</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:ItemsInCourseOfTransmissionToOtherBanks" format="ixt:num-dot-decimal" scale="6" id="f-5459">1,269</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax collection accounts:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Public Institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" format="ixt:num-dot-decimal" scale="6" id="f-5460">6,271</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" format="ixt:num-dot-decimal" scale="6" id="f-5461">6,156</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" format="ixt:num-dot-decimal" scale="6" id="f-5462">4,986</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Factoring accounts payable</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:FactoringAccountsPayable" scale="6" id="f-5463">274</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:FactoringAccountsPayable" scale="6" id="f-5464">226</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:FactoringAccountsPayable" scale="6" id="f-5465">272</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unsettled financial transactions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:UnsettledFinancialTransactionsLiability" format="ixt:num-dot-decimal" scale="6" id="f-5466">3,860</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:UnsettledFinancialTransactionsLiability" format="ixt:num-dot-decimal" scale="6" id="f-5467">7,421</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:LeaseLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5469">1,822</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:LeaseLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5470">2,202</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:LeaseLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5471">2,400</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:OtherFinancialLiabilitiesUnspecified" format="ixt:num-dot-decimal" scale="6" id="f-5472">21,645</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherFinancialLiabilitiesUnspecified" format="ixt:num-dot-decimal" scale="6" id="f-5473">21,683</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherFinancialLiabilitiesUnspecified" format="ixt:num-dot-decimal" scale="6" id="f-5474">23,065</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:OtherFinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5475">36,118</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:OtherFinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-5476">39,916</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid 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detail of the residual maturity periods of other financial liabilities at each year-end.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Lease liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cash outflow of leases in 2025 was EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:CashOutflowForLeases" scale="6" id="f-5478">510</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:CashOutflowForLeases" scale="6" id="f-5479">684</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:CashOutflowForLeases" scale="6" id="f-5480">738</ix:nonFraction> in 2024 and 2023, respectively).</span></div><ix:continuation id="f-4960-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The analysis of the maturities of lease liabilities at 31 December 2025, 2024 and 2023 is shown below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander 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id="f-5481">466</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2455" decimals="-6" name="ifrs-full:LeaseLiabilities" scale="6" id="f-5482">526</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2456" decimals="-6" name="ifrs-full:LeaseLiabilities" scale="6" id="f-5483">586</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Between 1 and 3 years</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2457" decimals="-6" name="ifrs-full:LeaseLiabilities" scale="6" id="f-5484">619</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2458" decimals="-6" name="ifrs-full:LeaseLiabilities" scale="6" id="f-5485">868</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2459" decimals="-6" name="ifrs-full:LeaseLiabilities" scale="6" id="f-5486">918</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, 2024 and 2023 there were no significant variable lease payments not included in the valuation of lease liabilities.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_991"></div><div style="margin-bottom:6pt"><span><br/></span></div><div 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format="ixt:num-dot-decimal" scale="6" id="f-5498">1,656</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-63" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5499">1,731</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" 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solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-66" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5502">915</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-67" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5503">880</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes and other legal contingencies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-68" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5504">2,989</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-69" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5505">2,717</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-70" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5506">2,715</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contingent liabilities and commitments (note 2.o)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-71" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5507">713</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-72" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5508">710</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-73" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5509">702</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-74" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5510">2,004</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-75" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5511">2,334</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-76" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5512">1,919</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5513">8,355</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5514">8,407</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5515">8,441</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:nonNumeric></ix:nonNumeric><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">219</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-202"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-1" continuedAt="f-5496-2"><div style="margin-bottom:6pt;margin-top:6pt;padding-right:263.62pt"><span id="i9aa81f137b604657b7fb798fe14e0ce5"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfProvisionRollForwardTableTextBlock" id="f-5516" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Provisions' in the last three years were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:42.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-63" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5517">1,731</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-66" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5518">915</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-72" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5519">710</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2466" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5520">5,051</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5521">8,407</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2467" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" scale="6" id="f-5522">13</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2468" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5523">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2469" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5524">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2470" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5525">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" scale="6" id="f-5526">13</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions charged to income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2467" decimals="-6" name="san:IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions" scale="6" id="f-5527">75</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2468" decimals="-6" name="san:IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions" scale="6" id="f-5528">437</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2469" decimals="-6" name="san:IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions" scale="6" id="f-5529">50</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2470" decimals="-6" name="san:IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5530">1,872</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5531">2,434</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense (note 39)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2467" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5532">59</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2468" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5533">32</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2469" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" format="ixt:fixed-zero" scale="6" id="f-5534">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2470" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" format="ixt:fixed-zero" scale="6" id="f-5535">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5536">91</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2467" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5537">32</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2468" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5538">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2469" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" format="ixt:fixed-zero" scale="6" id="f-5539">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2470" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" format="ixt:fixed-zero" scale="6" id="f-5540">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5541">41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-5589">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2470" decimals="-6" name="san:DecreaseThroughAmountsUsedProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5590">1,914</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:DecreaseThroughAmountsUsedProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5591">1,914</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer, exchange differences and other changes</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2467" decimals="-6" name="san:IncreaseDecreaseThroughTransferExchangeDifferencesAndOtherChangesProvisions" scale="6" id="f-5592">115</ix:nonFraction>&#160;</span></td><td 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2471" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5600">4,993</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5601">8,355</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.381%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.239%"/><td style="width:0.1%"/></tr><tr><td colspan="36" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-64" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5602">2,225</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-67" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5603">880</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-73" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5604">702</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2472" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5605">4,634</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5606">8,441</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2473" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5607">2,392</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2474" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5608">950</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2475" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5609">734</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2476" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5610">4,073</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-241" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5611">8,149</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2477" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5612">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5613">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2479" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5614">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2480" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5615">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5616">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2481" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" scale="6" id="f-5617">4</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2482" decimals="-6" name="san:IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions" format="ixt:fixed-zero" scale="6" id="f-5618">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="san:IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions" scale="6" id="f-5627">92</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2482" decimals="-6" name="san:IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions" scale="6" id="f-5628">244</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2477" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5632">76</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5633">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2479" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" format="ixt:fixed-zero" scale="6" id="f-5634">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2480" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" format="ixt:fixed-zero" scale="6" id="f-5635">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5636">105</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2481" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5637">59</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2482" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5638">34</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" format="ixt:fixed-zero" scale="6" id="f-5639">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2484" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" format="ixt:fixed-zero" scale="6" id="f-5640">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:IncreaseThroughPensionInterestExpenseProvision" scale="6" id="f-5641">93</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2477" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5642">34</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5643">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2479" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" format="ixt:fixed-zero" scale="6" id="f-5644">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2480" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" format="ixt:fixed-zero" scale="6" id="f-5645">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5646">45</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2481" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5647">33</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2482" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5648">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" format="ixt:fixed-zero" scale="6" id="f-5649">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2484" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" format="ixt:fixed-zero" scale="6" id="f-5650">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions" scale="6" id="f-5651">42</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2477" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" scale="6" id="f-5652">16</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" scale="6" id="f-5653">328</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2479" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" scale="6" id="f-5654">47</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2480" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5655">2,703</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5656">3,062</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2481" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" format="ixt:fixed-zero" scale="6" id="f-5657">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2482" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" scale="6" id="f-5658">201</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" sign="-" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" scale="6" id="f-5659">38</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2484" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5660">1,895</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:IncreaseDecreaseThroughExtraordinaryProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5661">2,058</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Addition</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2477" decimals="-6" name="san:IncreaseThroughAdditionOfExtraordinaryProvisions" scale="6" id="f-5662">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:IncreaseThroughAdditionOfExtraordinaryProvisions" scale="6" id="f-5663">335</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2479" decimals="-6" name="san:IncreaseThroughAdditionOfExtraordinaryProvisions" scale="6" id="f-5664">430</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2480" decimals="-6" name="san:IncreaseThroughAdditionOfExtraordinaryProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5665">4,026</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncreaseThroughAdditionOfExtraordinaryProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5666">4,796</ix:nonFraction>&#160;</span></td><td 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name="san:IncreaseThroughAdditionOfExtraordinaryProvisions" scale="6" id="f-5668">204</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" name="san:IncreaseThroughAdditionOfExtraordinaryProvisions" scale="6" id="f-5669">378</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-2477" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" scale="6" id="f-5702">153</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" scale="6" id="f-5703">331</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" scale="6" id="f-5706">484</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2481" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" scale="6" id="f-5707">182</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2482" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" scale="6" id="f-5708">316</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" format="ixt:fixed-zero" scale="6" id="f-5709">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2484" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" format="ixt:fixed-zero" scale="6" id="f-5710">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions" scale="6" id="f-5711">498</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Insurance premiums paid</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2477" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5712">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5713">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2479" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5714">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2480" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5715">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2482" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5718">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5719">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2484" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5720">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:DecreaseThroughInsurancePremiumsPaidProvisions" format="ixt:fixed-zero" scale="6" id="f-5721">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Payments to external funds</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2477" decimals="-6" name="san:DecreaseThroughPaymentsToExternalFundsProvisions" scale="6" id="f-5722">708</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2478" decimals="-6" name="san:DecreaseThroughPaymentsToExternalFundsProvisions" format="ixt:fixed-zero" scale="6" id="f-5723">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2479" decimals="-6" name="san:DecreaseThroughPaymentsToExternalFundsProvisions" format="ixt:fixed-zero" scale="6" 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decimals="-6" name="san:DecreaseThroughPaymentsToExternalFundsProvisions" scale="6" id="f-5726">708</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2481" decimals="-6" name="san:DecreaseThroughPaymentsToExternalFundsProvisions" scale="6" id="f-5727">750</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-5738">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" name="san:DecreaseThroughAmountsUsedProvisions" scale="6" id="f-5739">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2484" decimals="-6" name="san:DecreaseThroughAmountsUsedProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5740">1,825</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:DecreaseThroughAmountsUsedProvisions" format="ixt:num-dot-decimal" scale="6" id="f-5741">1,826</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2483" decimals="-6" name="san:IncreaseDecreaseThroughTransferExchangeDifferencesAndOtherChangesProvisions" scale="6" id="f-5749">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2484" decimals="-6" name="san:IncreaseDecreaseThroughTransferExchangeDifferencesAndOtherChangesProvisions" scale="6" id="f-5750">491</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:IncreaseDecreaseThroughTransferExchangeDifferencesAndOtherChangesProvisions" scale="6" id="f-5751">233</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at end of&#160;year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-63" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5752">1,731</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-66" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5753">915</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-72" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5754">710</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2466" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5755">5,051</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5756">8,407</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-64" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5757">2,225</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-67" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5758">880</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-73" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5759">702</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2472" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5760">4,634</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5761">8,441</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">220</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-203"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-2" continuedAt="f-5496-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span id="i546aa42ff1a044e5a34ed35e1344219f_14542"></span><span id="i11c08a01286c41e4a2247bd8f675d42d"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Provision for pensions and other obligations post &#8211;employments and Other long term employee benefits </span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfProvisionForPensionsAndSimilarObligationsTableTextBlock" id="f-5762" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Provisions for pensions and similar obligations is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:54.764%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.408%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Spanish entities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2485" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5763">602</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2486" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5764">674</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2487" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5765">770</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Spanish entities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2488" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5766">927</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2489" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5767">852</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2490" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5768">817</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which pre-retirements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-307" decimals="-6" name="san:ProvisionsForPreRetirements" scale="6" id="f-5769">916</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2491" decimals="-6" name="san:ProvisionsForPreRetirements" scale="6" id="f-5770">839</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2492" decimals="-6" name="san:ProvisionsForPreRetirements" scale="6" id="f-5771">805</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - United Kingdom</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2493" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5772">26</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2494" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5773">28</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2495" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5774">76</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Other subsidiaries</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2496" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5775">1,028</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2497" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5776">1,029</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2498" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5777">1,379</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Other subsidiaries</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2499" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5778">66</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2500" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5779">63</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2501" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-5780">63</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provision for pensions and other obligations post -employments and Other long term employee benefits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2502" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5781">2,649</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2503" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5782">2,646</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2504" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-5783">3,105</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which defined benefits</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:ProvisionForDefinedBenefits" format="ixt:num-dot-decimal" scale="6" id="f-5784">2,637</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:ProvisionForDefinedBenefits" format="ixt:num-dot-decimal" scale="6" id="f-5785">2,638</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:ProvisionForDefinedBenefits" format="ixt:num-dot-decimal" scale="6" id="f-5786">3,097</ix:nonFraction></span></td></tr></table></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ie5766de2c8fa42fca22f4bfbcd5a069f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Spanish entities&#160;- Post-employment plans and other similar obligations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023, the Spanish entities had post-employment benefit obligations under defined contribution and defined benefit plans. In addition, in various&#160;years some of the consolidated entities offered certain of their employees the possibility of taking pre-retirement and, therefore, provisions are recognised each&#160;year for the obligations to employees taking pre-retirement&#160;-in terms of salaries and other employee benefit costs- from the date of their pre-retirement to the agreed end date.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2023, the provisions made to cover the commitments with <ix:nonFraction unitRef="people" contextRef="c-87" decimals="INF" name="san:NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffers" scale="0" id="f-5787">502</ix:nonFraction> employees covered by early retirement and incentivized dismissals plan amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ProvisionsRecognizedToCoverExpensesOfPreRetirementAndVoluntaryRedundancyOffers" scale="6" id="f-5788">160</ix:nonFraction>&#160;million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, the provisions made to cover the commitments with <ix:nonFraction unitRef="people" contextRef="c-86" decimals="INF" name="san:NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffers" scale="0" id="f-5789">826</ix:nonFraction> employees covered by early retirements and incentivized dismissals amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ProvisionsRecognizedToCoverExpensesOfPreRetirementAndVoluntaryRedundancyOffers" scale="6" id="f-5790">303</ix:nonFraction>&#160;million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the provisions made to cover the commitments with <ix:nonFraction unitRef="people" contextRef="c-1" decimals="INF" name="san:NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffers" format="ixt:num-dot-decimal" scale="0" id="f-5791">1,238</ix:nonFraction> employees covered by early retirements and incentivized dismissals amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ProvisionsRecognizedToCoverExpensesOfPreRetirementAndVoluntaryRedundancyOffers" scale="6" id="f-5792">389</ix:nonFraction> million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The expenses incurred by the Spanish companies in 2025, 2024 and 2023 in respect of contributions to defined contribution plans amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2505" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-5793">130</ix:nonFraction> million, EUR <ix:nonFraction unitRef="eur" contextRef="c-2506" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-5794">126</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-2507" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-5795">116</ix:nonFraction> million, respectively.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.&#160;&#160;&#160;&#160;Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.&#160;&#160;&#160;&#160;Actuarial assumptions used: unbiased and mutually compatible. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfActuarialAssumptionsUsedToCalculateDefinedBenefitObligationsTableTextBlock" id="f-5796" continuedAt="f-5796-1" escape="true">Specifically, the most significant actuarial assumptions used in the calculations were as follows:</ix:nonNumeric></span></div></div></div><ix:continuation id="f-5796-1" continuedAt="f-5796-2"><div style="margin-bottom:3pt;padding-left:18pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:22.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.682%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment&#160;plans</span></td><td colspan="3" style="padding:0 6.62pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other&#160;similar&#160;obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt 0 12.25pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2485" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-5797">3.75</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2486" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-5798">3.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2487" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-5799">3.35</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2488" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-5800">3.75</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2489" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-5801">3.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2490" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-5802">3.35</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2485" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-5803">2.00</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2486" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-5804">2.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2487" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-5805">2.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2488" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-5806">2.00</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2489" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-5807">2.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2490" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-5808">2.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2485" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" scale="-2" id="f-5809">1.25</ix:nonFraction>%</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2486" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" scale="-2" id="f-5810">1.25</ix:nonFraction>%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2487" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" scale="-2" id="f-5811">1.25</ix:nonFraction>%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual social security pension increase rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2485" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-5812">2.12</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2486" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-5813">2.12</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2487" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-5814">2.12</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual benefit increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2488" decimals="2" name="san:ActuarialAssumptionOfExpectedAnnualRateOfBenefitIncreases" scale="-2" id="f-5815">0</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2489" decimals="2" name="san:ActuarialAssumptionOfExpectedAnnualRateOfBenefitIncreases" scale="-2" id="f-5816">0</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2490" decimals="2" name="san:ActuarialAssumptionOfExpectedAnnualRateOfBenefitIncreases" scale="-2" id="f-5817">0</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><ix:continuation id="f-5796-2" continuedAt="f-5796-3"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span></ix:continuation><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt"><ix:continuation id="f-5796-3" continuedAt="f-5796-4">Corresponds to the group&#8217;s defined-benefit obligations</ix:continuation>.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in euros) matching the durations of the commitments. From the bond portfolio considered, callable, putable and sinkable bonds, which could distort the rates, are excluded. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:15pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2025, if the discount rate used had been decreased or increased by <ix:nonFraction unitRef="number" contextRef="c-2508" decimals="INF" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" scale="-4" id="f-5818"><ix:nonFraction unitRef="number" contextRef="c-2508" decimals="INF" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" scale="-4" id="f-5819">50</ix:nonFraction></ix:nonFraction> basis points (bp), there would have been an increase or decrease in the present value of the post-employment obligations of <ix:nonFraction unitRef="number" contextRef="c-2509" decimals="4" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" scale="-2" id="f-5820">4.02</ix:nonFraction>% (-50 bp) to -<ix:nonFraction unitRef="number" contextRef="c-2509" decimals="4" sign="-" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" scale="-2" id="f-5821">3.75</ix:nonFraction>% (+50 bp),respectively, and an increase or decrease in the present value of the long-term obligations of <ix:nonFraction unitRef="number" contextRef="c-2510" decimals="4" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" scale="-2" id="f-5822">1.15</ix:nonFraction>% (-50 bp) to -<ix:nonFraction unitRef="number" contextRef="c-2510" decimals="4" sign="-" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" scale="-2" id="f-5823">1.15</ix:nonFraction>% (+50 bp), respectively.</span></div><div style="margin-bottom:9pt;margin-top:15pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These changes would be offset in part by increases or decreases in the fair value of the assets and insurance contracts linked to pensions.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">221</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-204"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-3" continuedAt="f-5496-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3. The estimated retirement age of each employee is the first at which the employee is entitled to retire or the agreed-upon age, as appropriate.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfExpectedRateOfReturnAssumptionsTableTextBlock" id="f-5824" continuedAt="f-5824-1" escape="true"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions:</span></div></div></ix:nonNumeric></div><ix:continuation id="f-5824-1"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:50.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.985%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.757%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment&#160;plans</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other&#160;similar&#160;obligations</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2511" decimals="4" name="san:ExpectedRateOfReturnOnPlanAssets" scale="-2" id="f-5825">3.75</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2512" decimals="4" name="san:ExpectedRateOfReturnOnPlanAssets" scale="-2" id="f-5826">3.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2513" decimals="4" name="san:ExpectedRateOfReturnOnPlanAssets" scale="-2" id="f-5827">3.35</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2514" decimals="4" name="san:ExpectedRateOfReturnOnPlanAssets" scale="-2" id="f-5828">3.75</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2515" decimals="4" name="san:ExpectedRateOfReturnOnPlanAssets" scale="-2" id="f-5829">3.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2516" decimals="4" name="san:ExpectedRateOfReturnOnPlanAssets" scale="-2" id="f-5830">3.35</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on reimbursement rights</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2511" decimals="4" name="san:InsuranceContractLinkedToDefinedBenefitPlansExpectedRateOfReturnOnReimbursementRights" scale="-2" id="f-5831">3.75</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2512" decimals="4" name="san:InsuranceContractLinkedToDefinedBenefitPlansExpectedRateOfReturnOnReimbursementRights" scale="-2" id="f-5832">3.00</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2513" decimals="4" name="san:InsuranceContractLinkedToDefinedBenefitPlansExpectedRateOfReturnOnReimbursementRights" scale="-2" id="f-5833">3.35</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr></table></div></ix:continuation><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" id="f-5834" continuedAt="f-5834-1" escape="true"><div style="margin-bottom:9pt;margin-top:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the defined benefit obligations in 2025 and the two preceding&#160;years is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:51.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.985%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.756%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment&#160;plans</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other&#160;similar&#160;obligations</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To current employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2517" decimals="-6" name="san:DefinedBenefitObligationToCurrentEmployeesAtPresentValue" scale="6" id="f-5835">34</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2518" decimals="-6" name="san:DefinedBenefitObligationToCurrentEmployeesAtPresentValue" scale="6" id="f-5836">49</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2519" decimals="-6" name="san:DefinedBenefitObligationToCurrentEmployeesAtPresentValue" scale="6" id="f-5837">51</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2520" decimals="-6" name="san:DefinedBenefitObligationToCurrentEmployeesAtPresentValue" format="ixt:fixed-zero" scale="6" id="f-5838">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2521" decimals="-6" name="san:DefinedBenefitObligationToCurrentEmployeesAtPresentValue" format="ixt:fixed-zero" scale="6" id="f-5839">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2522" decimals="-6" name="san:DefinedBenefitObligationToCurrentEmployeesAtPresentValue" format="ixt:fixed-zero" scale="6" id="f-5840">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Vested obligations to retired employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2517" decimals="-6" name="san:DefinedBenefitObligationToVestedObligationsToRetiredEmployeesAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-5841">1,610</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2518" decimals="-6" name="san:DefinedBenefitObligationToVestedObligationsToRetiredEmployeesAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-5842">1,850</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2519" decimals="-6" name="san:DefinedBenefitObligationToVestedObligationsToRetiredEmployeesAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-5843">1,936</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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id="f-5882">817</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net pension assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2517" decimals="-6" name="san:NetPensionAssets" scale="6" id="f-5883">13</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2518" decimals="-6" name="san:NetPensionAssets" scale="6" id="f-5884">6</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2519" decimals="-6" name="san:NetPensionAssets" scale="6" id="f-5885">14</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 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contextRef="c-2518" decimals="-6" name="san:InsuranceContractsLinkedToPensions" scale="6" id="f-5890">81</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2519" decimals="-6" name="san:InsuranceContractsLinkedToPensions" scale="6" id="f-5891">93</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:50.460%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.775%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.988%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.777%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment&#160;plans</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other&#160;similar&#160;obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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contextRef="c-2528" decimals="-6" name="san:PastServiceCostChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5931">13</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2523" decimals="-6" name="san:PreRetirementCostChargedToIncomeStatementRelatedToDefinedBenefits" 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2527" decimals="-6" name="san:PreRetirementCostChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5936">303</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2528" decimals="-6" name="san:PreRetirementCostChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5937">160</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2523" decimals="-6" sign="-" name="san:OtherCostOrGainChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5938">16</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2524" decimals="-6" sign="-" name="san:OtherCostOrGainChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5939">10</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2525" decimals="-6" sign="-" name="san:OtherCostOrGainChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5940">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2526" decimals="-6" name="san:OtherCostOrGainChargedToIncomeStatementRelatedToDefinedBenefits" format="ixt:fixed-zero" scale="6" id="f-5941">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2527" decimals="-6" sign="-" name="san:OtherCostOrGainChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5942">4</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2528" decimals="-6" sign="-" name="san:OtherCostOrGainChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-5943">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2523" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-5944">13</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2524" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-5945">21</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2525" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-5946">41</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2526" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-5947">398</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2527" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-5948">325</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2528" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-5949">210</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Including reduction/settlement effect</span></div></ix:nonNumeric><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in 2025 'Other comprehensive income&#160;&#8211; Items not reclassified to profit or loss&#160;&#8211; Actuarial gains or (-) losses on defined benefit pension plans' has decreased by EUR <ix:nonFraction unitRef="eur" contextRef="c-2505" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-5950">33</ix:nonFraction> million with respect to defined benefit obligations (</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:130%">increase</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of EUR <ix:nonFraction unitRef="eur" contextRef="c-2506" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-5951">21</ix:nonFraction> and increase </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">of </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EUR <ix:nonFraction unitRef="eur" contextRef="c-2507" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-5952">10</ix:nonFraction> million in 2024 and 2023, respectively).</span></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">222</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-205"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-4" continuedAt="f-5496-5"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory" id="f-5953" continuedAt="f-5953-1" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:38.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.832%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment&#160;plans</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other&#160;similar&#160;obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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name="san:PreRetirementCostDefinedBenefitLiabilityAsset" scale="6" id="f-5981">389</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2539" decimals="-6" name="san:PreRetirementCostDefinedBenefitLiabilityAsset" scale="6" id="f-5982">303</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:nonNumeric><div style="margin-bottom:6pt;margin-top:3pt"><ix:continuation id="f-6038-1" continuedAt="f-6038-2"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:33.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.720%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2547" decimals="-6" sign="-" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" scale="6" id="f-6092">7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></ix:continuation><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfInsuranceContractsLinkedToPensionsTableTextBlock" id="f-6093" escape="true"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:33.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.720%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2524" decimals="-6" name="san:InsuranceContractsLinkedToPensionsBenefitsPaid" scale="6" id="f-6113">13</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2525" decimals="-6" name="san:InsuranceContractsLinkedToPensionsBenefitsPaid" scale="6" id="f-6114">15</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" 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id="f-6116">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2528" decimals="-6" name="san:InsuranceContractsLinkedToPensionsBenefitsPaid" format="ixt:fixed-zero" scale="6" id="f-6117">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Paid premiums</span></td><td colspan="2" 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id="f-6119">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2525" decimals="-6" name="san:InsuranceContractsLinkedToPensionsIncreaseDueToPremiumsPaid" format="ixt:fixed-zero" scale="6" id="f-6120">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2526" decimals="-6" name="san:InsuranceContractsLinkedToPensionsIncreaseDueToPremiumsPaid" format="ixt:fixed-zero" scale="6" id="f-6121">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2527" decimals="-6" name="san:InsuranceContractsLinkedToPensionsIncreaseDueToPremiumsPaid" format="ixt:fixed-zero" scale="6" id="f-6122">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2528" decimals="-6" name="san:InsuranceContractsLinkedToPensionsIncreaseDueToPremiumsPaid" format="ixt:fixed-zero" scale="6" id="f-6123">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2523" decimals="-6" sign="-" name="san:InsuranceContractsLinkedToPensionsActuarialGainsLosses" scale="6" id="f-6124">5</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2524" decimals="-6" sign="-" name="san:InsuranceContractsLinkedToPensionsActuarialGainsLosses" scale="6" id="f-6125">2</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2525" decimals="-6" name="san:InsuranceContractsLinkedToPensionsActuarialGainsLosses" format="ixt:fixed-zero" scale="6" id="f-6126">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2526" decimals="-6" name="san:InsuranceContractsLinkedToPensionsActuarialGainsLosses" format="ixt:fixed-zero" scale="6" id="f-6127">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2527" decimals="-6" name="san:InsuranceContractsLinkedToPensionsActuarialGainsLosses" format="ixt:fixed-zero" scale="6" id="f-6128">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2528" decimals="-6" name="san:InsuranceContractsLinkedToPensionsActuarialGainsLosses" format="ixt:fixed-zero" scale="6" id="f-6129">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of insurance contracts linked to pensions at end of&#160;year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2517" decimals="-6" name="san:InsuranceContractsLinkedToPensions" scale="6" id="f-6130">67</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2518" decimals="-6" name="san:InsuranceContractsLinkedToPensions" scale="6" id="f-6131">81</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2519" decimals="-6" name="san:InsuranceContractsLinkedToPensions" scale="6" id="f-6132">93</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2520" decimals="-6" name="san:InsuranceContractsLinkedToPensions" format="ixt:fixed-zero" scale="6" id="f-6133">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2521" decimals="-6" name="san:InsuranceContractsLinkedToPensions" format="ixt:fixed-zero" scale="6" id="f-6134">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2522" decimals="-6" name="san:InsuranceContractsLinkedToPensions" format="ixt:fixed-zero" scale="6" id="f-6135">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></ix:nonNumeric></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">223</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-206"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-5" continuedAt="f-5496-6"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In view of the conversion of the defined-benefit obligations to defined-contribution obligations, the Group will not make material current contributions in Spain in 2026 to fund its defined-benefit pension obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The plan assets and the insurance contracts linked to pensions are instrumented mainly through insurance policies.</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfBenefitsMaturityScheduleTableTextBlock" id="f-6136" continuedAt="f-6136-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten&#160;years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:86.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.246%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2559" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6137">461</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2560" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6138">391</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2561" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6139">331</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2562" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6140">274</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2563" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6141">223</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2564" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6142">672</ix:nonFraction></span></td></tr></table></div></ix:nonNumeric><div style="margin-bottom:3pt;margin-top:9pt"><span id="i83f6c003c8014f2f9cba17ed12c0dc9a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. United Kingdom</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each of the last three&#160;years, the businesses in the United Kingdom had post-employment benefit obligations under defined contribution and defined benefit plans. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2565" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-6143">92</ix:nonFraction> million in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-2566" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-6144">98</ix:nonFraction> million in 2024 and EUR <ix:nonFraction unitRef="eur" contextRef="c-2567" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-6145">87</ix:nonFraction> million in 2023).</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques:</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.&#160;&#160;&#160;&#160;Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.&#160;&#160;&#160;&#160;Actuarial assumptions used: unbiased and mutually compatible. <ix:continuation id="f-5796-4" continuedAt="f-5796-5">Specifically, the most significant actuarial assumptions used in the calculations were as follows:</ix:continuation></span></div><ix:continuation id="f-5796-5"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:20.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.776%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.813%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.815%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2568" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-6146">5.58</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2569" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-6147">5.54</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2570" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-6148">4.63</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">''S4 Light' tables weighted 105% males/101% females and CMI_2024 projection [LTR=1.25%, A=0.25%, H=1] with both Age-Period and Cohort convergence periods equal to core values except increased to 20 years for ages 80 to 100 and then tapering down to nil by age 120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2023 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2022 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2568" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-6149">2.9</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2569" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-6150">3.11</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2570" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-6151">3.02</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2568" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" scale="-2" id="f-6152">1.00</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2569" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" scale="-2" id="f-6153">1.00</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2570" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" scale="-2" id="f-6154">1.00</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual pension increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2568" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-6155">2.78</ix:nonFraction>%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2569" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-6156">3.04</ix:nonFraction>%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2570" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-6157">2.96</ix:nonFraction>%</span></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in pounds sterling) that coincide with the terms of the obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2025, if the discount rate used had been decreased or increased by <ix:nonFraction unitRef="number" contextRef="c-2571" decimals="INF" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" scale="-4" id="f-6158"><ix:nonFraction unitRef="number" contextRef="c-2571" decimals="INF" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" scale="-4" id="f-6159">50</ix:nonFraction></ix:nonFraction> basis points, there would have been an increase or decrease in the present value of the obligations of <ix:nonFraction unitRef="number" contextRef="c-2571" decimals="4" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" scale="-2" id="f-6160">5.82</ix:nonFraction>% (-50 bp) and -<ix:nonFraction unitRef="number" contextRef="c-2571" decimals="4" sign="-" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" scale="-2" id="f-6161">5.28</ix:nonFraction>% (+50 bp), respectively. If the inflation assumption had been increased or decreased by <ix:nonFraction unitRef="number" contextRef="c-2572" decimals="INF" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" scale="-4" id="f-6162"><ix:nonFraction unitRef="number" contextRef="c-2572" decimals="INF" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" scale="-4" id="f-6163">50</ix:nonFraction></ix:nonFraction> basis points, there would have been an increase or decrease in the present value of the obligations of <ix:nonFraction unitRef="number" contextRef="c-2572" decimals="4" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" scale="-2" id="f-6164">4.23</ix:nonFraction>% (+50 bp) and -<ix:nonFraction unitRef="number" contextRef="c-2572" decimals="4" sign="-" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" scale="-2" id="f-6165">4.14</ix:nonFraction>% (-50 bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets.</span></div><ix:continuation id="f-5834-1" continuedAt="f-5834-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the defined benefit obligations in 2025 and the two preceding&#160;years is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2568" decimals="-6" name="ifrs-full:DefinedBenefitObligationAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-6166">8,164</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2569" decimals="-6" name="ifrs-full:DefinedBenefitObligationAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-6167">8,898</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2570" decimals="-6" name="ifrs-full:DefinedBenefitObligationAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-6168">9,451</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2568" decimals="-6" name="ifrs-full:PlanAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-6169">8,740</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2569" decimals="-6" name="ifrs-full:PlanAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-6170">9,400</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2570" decimals="-6" name="ifrs-full:PlanAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-6171">10,208</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions&#160;- Provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2568" decimals="-6" name="ifrs-full:SurplusDeficitInPlan" scale="6" id="f-6172">576</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2569" decimals="-6" name="ifrs-full:SurplusDeficitInPlan" scale="6" id="f-6173">502</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2570" decimals="-6" name="ifrs-full:SurplusDeficitInPlan" scale="6" id="f-6174">757</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2568" decimals="-6" name="san:InternalProvisionsForPensions" scale="6" id="f-6175">25</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2569" decimals="-6" name="san:InternalProvisionsForPensions" scale="6" id="f-6176">28</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2570" decimals="-6" name="san:InternalProvisionsForPensions" scale="6" id="f-6177">76</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2568" decimals="-6" name="san:NetAssetsForPensions" scale="6" id="f-6178">601</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2569" decimals="-6" name="san:NetAssetsForPensions" scale="6" id="f-6179">530</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2570" decimals="-6" name="san:NetAssetsForPensions" scale="6" id="f-6180">833</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">224</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-207"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-6" continuedAt="f-5496-7"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-5901-1" continuedAt="f-5901-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:61.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.248%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2565" decimals="-6" name="san:DefinedBenefitPlansServiceCost" scale="6" id="f-6181">9</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2566" decimals="-6" name="san:DefinedBenefitPlansServiceCost" scale="6" id="f-6182">13</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid 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unitRef="eur" contextRef="c-2565" decimals="-6" sign="-" name="san:DefinedBenefitPlansInterestExpenseNet" scale="6" id="f-6184">31</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2566" decimals="-6" sign="-" name="san:DefinedBenefitPlansInterestExpenseNet" scale="6" id="f-6185">40</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2567" decimals="-6" sign="-" name="san:DefinedBenefitPlansInterestExpenseNet" scale="6" id="f-6186">62</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversal of provisions, net</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-2565" xsi:nil="true" name="san:DefinedBenefitPlansProvisionsReversalNet" id="f-6187"></ix:nonFraction></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-2566" 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id="f-6190">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2566" decimals="-6" name="san:DefinedBenefitPlansCostOfServicesProvided" format="ixt:fixed-zero" scale="6" id="f-6191">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2567" decimals="-6" name="san:DefinedBenefitPlansCostOfServicesProvided" format="ixt:fixed-zero" scale="6" id="f-6192">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2565" decimals="-6" name="san:DefinedBenefitPlansOthers" format="ixt:fixed-zero" scale="6" id="f-6193">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2566" decimals="-6" name="san:DefinedBenefitPlansOthers" format="ixt:fixed-zero" scale="6" id="f-6194">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2567" decimals="-6" name="san:DefinedBenefitPlansOthers" format="ixt:fixed-zero" scale="6" id="f-6195">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2565" decimals="-6" sign="-" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-6196">22</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt 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id="f-6198">48</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in 2025 'Other comprehensive income&#160;&#8211; Items not reclassified to profit or loss&#160;&#8211; Actuarial gains or (-) losses on defined benefit pension plans has increased by EUR <ix:nonFraction unitRef="eur" contextRef="c-2565" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-6199">117</ix:nonFraction> million with respect to defined benefit obligations ( increase of EUR <ix:nonFraction unitRef="eur" contextRef="c-2566" decimals="-6" 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style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.248%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 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decimals="-6" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6239">8,898</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2574" decimals="-6" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6240">9,451</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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#9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2583" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-6244">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2584" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-6245">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2585" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset" scale="6" id="f-6246">41</ix:nonFraction>)</span></td><td 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0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2583" decimals="-6" name="ifrs-full:ContributionsToPlanNetDefinedBenefitLiabilityAsset" scale="6" id="f-6253">203</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2584" decimals="-6" name="ifrs-full:ContributionsToPlanNetDefinedBenefitLiabilityAsset" scale="6" id="f-6254">182</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2585" decimals="-6" name="ifrs-full:ContributionsToPlanNetDefinedBenefitLiabilityAsset" scale="6" id="f-6255">225</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2583" decimals="-6" sign="-" name="san:ActuarialGainsLossesDefinedBenefitLiabilityAsset" scale="6" id="f-6256">421</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2583" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" scale="6" id="f-6259">469</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2584" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" scale="6" id="f-6260">437</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2585" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" scale="6" id="f-6261">214</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of&#160;year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2586" decimals="-6" sign="-" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6262">8,740</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2580" decimals="-6" sign="-" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6263">9,400</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2581" decimals="-6" sign="-" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6264">10,208</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2026 the Group expects to make current contributions to fund these obligations for amounts similar to those made in 2025.</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfMainCategoriesOfDefinedBenefitPlanAssetsTableTextBlock" id="f-6265" continuedAt="f-6265-1" escape="true"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main categories of plan assets as a&#160;percentage of total plan assets are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:60.628%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.480%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.247%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2587" decimals="2" name="san:PlanAssetsAllocationPercentage" format="ixt:fixed-zero" scale="6" id="f-6266">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2588" decimals="2" name="san:PlanAssetsAllocationPercentage" format="ixt:fixed-zero" scale="0" id="f-6267">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2589" decimals="2" name="san:PlanAssetsAllocationPercentage" format="ixt:fixed-zero" scale="0" id="f-6268">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2590" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6269">67</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2591" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6270">66</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2592" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6271">62</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2593" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6272">11</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2594" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6273">14</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2595" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6274">12</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2596" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6275">22</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2597" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6276">20</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2598" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6277">26</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:nonNumeric><ix:continuation id="f-6136-1" continuedAt="f-6136-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten&#160;years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:86.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.246%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2599" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6278">576</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2600" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6279">485</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2601" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6280">503</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2602" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6281">527</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2603" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6282">545</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2604" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6283">2,801</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span id="ieeb2f13312bf454e82ba1e3634f2d155"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Other foreign subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Certain of the consolidated foreign entities have acquired commitments to their employees similar to post-employment benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023, these entities had defined-contribution and defined-benefit post-employment benefit obligations. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2605" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-6284">110</ix:nonFraction> million in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-2606" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-6285">133</ix:nonFraction> million at 31 December 2024  and EUR <ix:nonFraction unitRef="eur" contextRef="c-2607" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-6286">107</ix:nonFraction> million at 31 December 2023).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The actuarial assumptions used by these entities (discount rates, mortality tables and cumulative annual CPI growth) are consistent with the economic and social conditions prevailing in the countries in which they are located.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Specifically, the discount rate used for the flows was determined by reference to high-quality corporate bonds, except in the case of Brazil where there is no extensive corporate bond market and, accordingly the discount rate was determined by reference to the series B bonds issued by the Brazilian National Treasury Secretariat for a term coinciding with that of the obligations. In Brazil the discount rate used was between <ix:nonFraction unitRef="number" contextRef="c-2608" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-6287">10.52</ix:nonFraction>% and <ix:nonFraction unitRef="number" contextRef="c-2609" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-6288">10.65</ix:nonFraction>%, the CPI <ix:nonFraction unitRef="number" contextRef="c-2610" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" scale="-2" id="f-6289">3.00</ix:nonFraction>% and the mortality table the AT-2000, AT-2000 Basic y AT-2000 S10.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2025, if the discount rate used had been decreased or increased by <ix:nonFraction unitRef="number" contextRef="c-2611" decimals="4" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" scale="-4" id="f-6290"><ix:nonFraction unitRef="number" contextRef="c-2611" decimals="4" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" scale="-4" id="f-6291">50</ix:nonFraction></ix:nonFraction> basis points, there would have been an increase or decrease in the present value of the obligations of <ix:nonFraction unitRef="number" contextRef="c-2611" decimals="4" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" scale="-2" id="f-6292">3.92</ix:nonFraction>% (-<ix:nonFraction unitRef="number" contextRef="c-2611" decimals="4" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" scale="-4" id="f-6293">50</ix:nonFraction> bp) and -<ix:nonFraction unitRef="number" contextRef="c-2611" decimals="4" sign="-" name="san:IncreaseDecreaseInBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" scale="-2" id="f-6294">3.53</ix:nonFraction>% (+<ix:nonFraction unitRef="number" contextRef="c-2611" decimals="4" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" scale="-4" id="f-6295">50</ix:nonFraction> bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">225</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-208"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-7" continuedAt="f-5496-8"><ix:continuation id="f-5834-2"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2025 and the two preceding&#160;years is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:56.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.976%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which business in Brazil</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2612" decimals="-6" name="ifrs-full:DefinedBenefitObligationAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-6296">6,886</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2610" decimals="-6" name="ifrs-full:DefinedBenefitObligationAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-6297">4,569</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2613" decimals="-6" name="ifrs-full:DefinedBenefitObligationAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-6298">6,903</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2614" decimals="-6" name="ifrs-full:DefinedBenefitObligationAtPresentValue" format="ixt:num-dot-decimal" scale="6" id="f-6299">8,485</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: with a charge to the participants</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt 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decimals="-6" name="ifrs-full:SurplusDeficitInPlan" scale="6" id="f-6309">313</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2613" decimals="-6" sign="-" name="ifrs-full:SurplusDeficitInPlan" scale="6" id="f-6310">244</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2614" decimals="-6" sign="-" name="ifrs-full:SurplusDeficitInPlan" scale="6" id="f-6311">584</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2610" decimals="-6" name="san:InternalProvisionsForPensions" scale="6" id="f-6313">210</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2613" decimals="-6" name="san:InternalProvisionsForPensions" format="ixt:num-dot-decimal" 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cost (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2605" decimals="-6" name="san:DefinedBenefitPlansInterestExpenseNet" scale="6" id="f-6327">68</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2606" decimals="-6" name="san:DefinedBenefitPlansInterestExpenseNet" scale="6" id="f-6328">92</ix:nonFraction>&#160;</span></td><td 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2606" decimals="-6" name="san:PastServiceCostChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-6334">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2607" decimals="-6" name="san:PastServiceCostChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-6335">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2605" decimals="-6" name="san:PreRetirementCostChargedToIncomeStatementRelatedToDefinedBenefits" scale="6" id="f-6336">3</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2606" decimals="-6" name="san:PreRetirementCostChargedToIncomeStatementRelatedToDefinedBenefits" format="ixt:fixed-zero" scale="6" id="f-6337">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2607" decimals="-6" name="san:PreRetirementCostChargedToIncomeStatementRelatedToDefinedBenefits" 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Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued obligations were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:58.776%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.480%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.173%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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name="san:PreRetirementCostDefinedBenefitLiabilityAsset" scale="6" id="f-6360">3</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2619" decimals="-6" name="san:PreRetirementCostDefinedBenefitLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-6361">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="san:EffectOfCurtailmentSettlementDefinedBenefitLiabilityAsset" scale="6" id="f-6363">2</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2619" decimals="-6" name="san:EffectOfCurtailmentSettlementDefinedBenefitLiabilityAsset" scale="6" id="f-6364">10</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="width:1.0%"/><td style="width:11.248%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"/><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2626" decimals="-6" sign="-" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" format="ixt:num-dot-decimal" scale="6" id="f-6403">1,022</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2627" decimals="-6" sign="-" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" scale="6" id="f-6404">644</ix:nonFraction>)</span></td><td 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0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2625" decimals="-6" sign="-" name="san:ActuarialGainsLossesDefinedBenefitLiabilityAsset" scale="6" id="f-6408">201</ix:nonFraction>)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2626" decimals="-6" sign="-" name="san:ActuarialGainsLossesDefinedBenefitLiabilityAsset" scale="6" id="f-6409">304</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2627" decimals="-6" name="san:ActuarialGainsLossesDefinedBenefitLiabilityAsset" scale="6" id="f-6410">110</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Settlements gains/(losses)</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2625" decimals="-6" sign="-" name="ifrs-full:PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" scale="6" id="f-6411">1</ix:nonFraction>)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2626" decimals="-6" name="ifrs-full:PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-6412">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2627" decimals="-6" name="ifrs-full:PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" format="ixt:fixed-zero" scale="6" id="f-6413">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2625" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" scale="6" id="f-6414">46</ix:nonFraction>&#160;</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2626" decimals="-6" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" scale="6" id="f-6415">987</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2627" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" scale="6" id="f-6416">304</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of&#160;year</span></td><td colspan="2" style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2628" decimals="-6" sign="-" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6417">6,284</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2622" decimals="-6" sign="-" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6418">6,502</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2623" decimals="-6" sign="-" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6419">7,787</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2026 the Group expects to make contributions to fund these obligations for amounts similar to those made in 2025.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">226</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-209"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-8" continuedAt="f-5496-9"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-6265-1"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main categories of plan assets as a&#160;percentage of total plan assets are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:53.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2629" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6420">14</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2630" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6421">13</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2631" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6422">11</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2632" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6423">79</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2633" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6424">79</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2634" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6425">83</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2635" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6426">1</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2636" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6427">1</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2637" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6428">1</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2638" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6429">6</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2639" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6430">7</ix:nonFraction>%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2640" decimals="2" name="san:PlanAssetsAllocationPercentage" scale="-2" id="f-6431">5</ix:nonFraction>%</span></td></tr></table></div></ix:continuation><ix:continuation id="f-6136-2"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten&#160;years:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:86.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.246%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2641" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6432">746</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2642" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6433">736</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2643" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6434">740</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2644" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6435">744</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2645" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" scale="6" id="f-6436">747</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2646" decimals="-6" name="san:EstimatedFutureBenefitPayableFromDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6437">3,790</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:6pt;margin-top:6pt"><span id="i546aa42ff1a044e5a34ed35e1344219f_14561"></span><span id="i75049b1c22ed4f989cd2d88c82df2dc8"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Provisions for taxes and other legal contingencies and Other provisions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Provisions&#160;- Provisions for taxes and other legal contingencies' and 'Provisions&#160;- Other provisions', which include, inter alia, provisions for restructuring costs and tax-related and non-tax-related proceedings, were estimated using prudent calculation procedures in keeping with the uncertainty inherent to the obligations covered. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, these obligations have no fixed settlement period and, in other cases, depend on the legal proceedings in progress.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" id="f-6438" continuedAt="f-6438-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:61.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.248%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by Spanish companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2647" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6439">2,033</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2648" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6440">1,924</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2649" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6441">1,921</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other EU companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2650" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6442">310</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2651" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6443">694</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2652" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6444">433</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2653" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6445">2,650</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2654" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6446">2,433</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt 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style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2656" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6448">1,530</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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id="f-6451">736</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2660" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6452">654</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2661" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6453">373</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2466" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6455">5,051</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2472" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6456">4,634</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Of which GBP <ix:nonFraction unitRef="gbp" contextRef="c-2662" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6457">461</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2662" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6458">528.1</ix:nonFraction>&#160;million) correspond to the Financial Conduct Authority (FCA) review of the Vehicle Finance Market as detailed in note 25.e.ii.</span></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below is the detail, by type of provision, of the balance at 31 December 2025, 2024 and 2023 of Provisions for taxes and other legal contingencies and Other provisions. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-6438-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The types of provision were determined by grouping together items of a similar nature:</span></div><div 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scale="6" id="f-6459">720</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2664" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6460">727</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2665" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6461">745</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for employment-related proceedings (Brazil)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2666" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6462">594</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2667" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6463">458</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2668" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6464">611</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2678" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6474">899</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2679" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6475">744</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2680" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6476">869</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2471" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6477">4,993</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2466" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6478">5,051</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2472" decimals="-6" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6479">4,634</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Relevant information is set forth below in relation to each type of provision shown in the preceding table.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for taxes include provisions for tax-related proceedings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for employment-related proceedings (Brazil) relate to claims filed by trade unions, associations, the prosecutor&#8217;s office and ex-employees claiming employment rights to which, in their view, they are entitled, particularly the payment of overtime and other employment rights, including litigation concerning retirement benefits. The number and nature of these proceedings, which are common for banks in Brazil, justify the classification of these provisions in a separate category or as a separate type from the rest. The Group calculates the provisions associated with these claims in accordance with past experience of payments made in relation to claims for similar items. When claims do not fall within these categories, a case-by-case assessment is performed and the amount of the provision is calculated in accordance with the status of each proceeding and the risk assessment carried out by the legal advisers.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for other legal proceedings include provisions for court, arbitration or administrative proceedings (other than those included in other categories or types of provisions disclosed separately) brought against Grupo Santander companies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for customer remediation include mainly the estimated cost of payments to remedy errors relating to the sale of certain products in the UK, the CHF mortgage portfolio of Poland, as well as the estimated amount related to the floor clauses of Banco Popular Espa&#241;ol, S.A.U in Spain. To calculate the provision for customer remediation, the best estimate of the provision made by management is used, which is based on the estimated number of claims to be received and, of these, the number that will be accepted, as well as the estimated average payment per case. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for restructuring include only the costs arising from restructuring processes carried out by the various Group companies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lastly, the Other heading contains very atomized and individually insignificant provisions, such as the provisions to cover the operational risk of the different offices of the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Qualitative information on the main litigation is provided in Note&#160;25 e to the consolidated financial statements.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">227</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-210"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-5496-9" continuedAt="f-5496-10"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group's general policy is to record provisions for tax and legal proceedings in which the Group assesses the chances of loss to be probable and the Group does not record provisions when the chances of loss are possible or remote. Grupo Santander determines the amounts to be provided for as its best estimate of the expenditure required to settle the corresponding claim based, among other factors, on a case-by-case analysis of the facts and the legal opinion of internal and external counsel or by considering the historical average amount of the loss incurred in claims of the same nature. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, the obligations do not have a fixed settlement term and, in others, they depend on legal proceedings in progress.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding their variations in fiscal year 2025, in provisions for labour processes and others of a legal nature, EUR <ix:nonFraction unitRef="eur" contextRef="c-2681" decimals="-6" name="ifrs-full:AdditionalProvisionsOtherProvisions" scale="6" id="f-6480">524</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-2682" decimals="-6" name="ifrs-full:AdditionalProvisionsOtherProvisions" scale="6" id="f-6481">185</ix:nonFraction> million were recorded in Brazil in 2025, making payments of EUR <ix:nonFraction unitRef="eur" contextRef="c-2681" decimals="-6" name="ifrs-full:ProvisionUsedOtherProvisions" scale="6" id="f-6482">384</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-2682" decimals="-6" name="ifrs-full:ProvisionUsedOtherProvisions" scale="6" id="f-6483">159</ix:nonFraction> million, respectively.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1000"></div><ix:continuation id="f-5496-10" continuedAt="f-5496-11"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i10c8cccb4c114c1786b9160787d772b1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Litigation and other matters </span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="ieec7504224924a38a80531f3e18015e7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Tax-related litigation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the main tax-related proceedings concerning the Group were as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Legal actions filed by Banco Santander (Brasil) S.A. and other Group entities to avoid the application of Law 9.718/98, which modifies the basis to calculate Programa de Integra&#231;ao Social (PIS) and Contribui&#231;&#227;o para Financiamento da Seguridade Social (COFINS), extending it to all the entities income, and not only to the income from the provision of services. In relation of Banco Santander (Brasil) S.A. process, in 2015 the Federal Supreme Court (FSC) admitted the extraordinary appeal filed by the Federal Union regarding PIS, and dismissed the extraordinary appeal lodged by the Brazilian Public Prosecutor's Office regarding COFINS contribution, confirming the decision of Federal Regional Court favourable to Banco Santander (Brasil) S.A. of August 2007. The Federal Supreme Court also admitted the appeals related to the other Group entities both for PIS and COFINS. On June 13, 2023, the Federal Supreme Court ruled unfavorably <ix:nonFraction unitRef="case" contextRef="c-2683" decimals="INF" name="san:NumberOfUnfavorablyCasesRuledByFederalSupremeCourt" scale="0" id="f-6484">2</ix:nonFraction> cases through General Repercussion (Theme 372), including Banco Santander (Brasil) S.A. case. The Bank has filed a new appeal, considering the possible loss as a contingent liability. The cases of the other Group entities are no longer susceptible of appeal and a provision has been recognized for the amount of the estimated loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other Group companies in Brazil have appealed against the assessments issued by the Brazilian tax authorities questioning the deduction of loan losses in their income tax returns (Imposto sobre a Renda das Pessoas Jur&#237;dicas - IRPJ - and Contribu&#231;ao Social sobre o Lucro Liquido -CSLL-) in relation to different administrative processes of various years on the ground that the requirements under the applicable legislation were not met. The appeals, which involves several cases, are pending decision in different administrative and judicial instances. <ix:nonFraction unitRef="eur" contextRef="c-2684" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6485">No</ix:nonFraction> provision was recognised in connection with the amount considered to be a contingent liability. </span></div></ix:continuation><div style="text-indent:8.93pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-5496-11" continuedAt="f-5496-12"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against several municipalities that demand payment of the Service Tax on certain items of income from transactions not classified as provisions of services. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against the tax authorities in connection with the taxation for social security purposes of certain items which are not considered to be employee remuneration. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In May 2003 the Brazilian tax authorities issued separate infringement notices against Santander Distribuidora de T&#237;tulos e Valores Mobiliarios, Ltda. (DTVM, actually Santander Brasil Tecnolog&#237;a S.A.) and Banco Santander (Brasil) S.A. in relation to the Provisional Tax on Financial Movements (Contribui&#231;&#227;o Provis&#243;ria sobre Movimenta&#231;&#227;o Financeira) of the years 2000 to 2002. The administrative discussion ended unfavourably for both companies, and on July 3, 2015, filed a lawsuit requesting the cancellation of both tax assessments. The lawsuit was judged unfavourably in first instance. Therefore, both plaintiffs appealed to the court of second instance. In December 2020, the appeal was decided unfavourably and the judgement was appealed before the higher courts. This case fell within the scope of the Comprehensive Transaction Programme (Programa de Transa&#231;ao Integral) established by the Ministry of Finance, and in 2025 a final settlement was reached. The amounts paid under the terms of the Transaction were fully provisioned.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In December 2010 the Brazilian tax authorities issued an infringement notice against Santander Seguros S.A. (Brasil), (currently Zurich Santander Brasil Seguros e Previd&#234;ncia S.A.), as the successor by merger to ABN AMRO Brasil dois Participa&#231;&#245;es S.A., in relation to income tax (IRPJ and CSLL) for 2005, questioning the tax treatment applied to a sale of shares of Real Seguros, S.A. The administrative discussion ended unfavourably, and the CARF decision has been appealed at the Federal Justice. As the former parent of Santander Seguros S.A. (Brasil) (currently Zurich Santander Brasil Seguros e Previd&#234;ncia S.A.), Banco Santander (Brasil) S.A. is liable in the event of any adverse outcome of this proceeding. <ix:nonFraction unitRef="eur" contextRef="c-2685" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6486">No</ix:nonFraction> provision was recognised in connection with this proceeding as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In November 2014 the Brazilian tax authorities issued an infringement notice against Banco Santander (Brasil) S.A. in relation to corporate income tax (IRPJ and CSLL) for 2009 questioning the tax-deductibility of the amortisation of the goodwill of Banco ABN AMRO Real S.A. performed prior to the absorption of this bank by Banco Santander (Brasil) S.A., but accepting the amortisation performed after the merger. The Bank appealed before the Higher Chamber of CARF, and a final favourable decision was obtained in April 2024. <ix:nonFraction unitRef="eur" contextRef="c-2686" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6487">No</ix:nonFraction> provision was recognised in connection with this proceeding as it was considered to be a contingent liability.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">228</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-211"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-12" continuedAt="f-5496-13"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. has also appealed against infringement notices issued by the tax authorities questioning the tax deductibility of the amortisation of the goodwill arising on the acquisition of Banco Comercial e de Investimento Sudameris S.A from years 2007 to 2012. In May and October 2024, the appeal related to period 2009 to 2012 was finally rejected by the CARF and the resolution was appealed at the Federal Justice. <ix:nonFraction unitRef="eur" contextRef="c-2687" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6488">No</ix:nonFraction> provision was recognised in connection with this matter as it was considered to be a contingent liability. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other companies of the Group in Brazil are undergoing administrative and judicial procedures against Brazilian tax authorities for not admitting tax compensation with credits derived from other tax concepts, <ix:nonFraction unitRef="eur" contextRef="c-2688" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6489">not</ix:nonFraction> having registered a provision for the amount considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. is involved in appeals in relation to infringement notices initiated by tax authorities regarding the offsetting of tax losses in the CSLL of year 2009 and 2019. The appeals are pending decision at the administrative level. <ix:nonFraction unitRef="eur" contextRef="c-2689" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6490">No</ix:nonFraction> provision was recognised in connection with this matter as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. filed a suspensive judicial measure aiming to avoid the withholding income tax (Imposto sobre a Renda Retido na Fonte - IRRF), on payments derived from technology services provided by Group foreign entities. A favorable decision was handed down and an appeal was filed by the tax authority at the Federal Regional Court, where it awaits judgment. <ix:nonFraction unitRef="eur" contextRef="c-2690" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6491">No</ix:nonFraction> provision was recognized as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Brazilian tax authorities have issued infringement notices against Getnet Adquir&#234;ncia e Servi&#231;os para Meios de Pagamento S.A and Banco Santander (Brasil) S.A. as jointly liable in relation to corporate income tax (IRPJ and CSLL) for 2014 to 2018 questioning the tax-deductibility of the amortization of the goodwill from the acquisition of Getnet Tecnologia  Proces S.A., considering that  the company would not have complied with the legal requirements for such amortization. The tax assessment notices were appealed to the CARF. In 2024, the CARF issued a favourable partial decision on both infraction notices. In December 2024, the tax authorities issued a new infringement notice for 2019 and 2020. <ix:nonFraction unitRef="eur" contextRef="c-2691" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6492">No</ix:nonFraction> provision was recognized as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The total amount for the aforementioned Brazil lawsuits that are fully provisioned is EUR <ix:nonFraction unitRef="eur" contextRef="c-2692" decimals="-6" name="san:LegalProceedingsProvisionProbableLossFullyProvisioned" scale="6" id="f-6493">553</ix:nonFraction> million, and for lawsuits that qualify as contingent liabilities is EUR <ix:nonFraction unitRef="eur" contextRef="c-2693" decimals="-6" name="ifrs-full:EstimatedFinancialEffectOfContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6494">5,040</ix:nonFraction>&#160;million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the date of approval of these consolidated annual accounts, there are other less significant tax disputes.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="i013766adb6b44e0594d5e94ee840ecd2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Non-tax-related proceedings</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the main non-tax-related proceedings concerning the Group were as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Payment Protection Insurance (PPI): AXA France IARD and AXA France Vie (former GE Capital Corporation Group entities, known as Financial Insurance Company Ltd (FICL) and Financial Assurance Company Ltd (FACL), acquired by AXA SA in 2015) (together, AXA France) brought a claim against (i) Santander Cards UK Limited (formerly known as GE Capital Bank Limited (GECB), which was acquired by Banco Santander, S.A. in 2008 and subsequently transferred to Santander UK plc); and (ii) Santander Insurance Services UK Limited (a Banco Santander, S.A. subsidiary) (SISUK and together with GECB the Santander Entities). The claim relates to the allocation of liability for compensation and associated costs in respect of a large number of PPI policies distributed by GECB pre-2005, which were underwritten by FICL and FACL. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 July 2025, the Commercial Court of England and Wales handed down its judgment in relation to the claim brought by AXA France (the Judgment). It found against SISUK in relation to AXA France&#8217;s claim pursuant to an indemnity in an agency agreement entered into between GECB, FICL and FACL in 2000 and novated by GECB to SISUK in 2010.  It also found GECB negligent in the sale of PPI policies, but this element of the claim was time barred to PPI policies sold in the period between 2002 and 2005 and overlaps with the indemnity claim. The Judgment required the Santander Entities to pay GBP <ix:nonFraction unitRef="gbp" contextRef="c-2694" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6495">515</ix:nonFraction>&#160;million plus interest of GBP <ix:nonFraction unitRef="gbp" contextRef="c-2695" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6496">162</ix:nonFraction>&#160;million. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In October 2025 the Santander Entities obtained permission to appeal the findings in the Judgment relating to the application of the indemnity arising from PPI sales occurring before the indemnity had been agreed in December 2000 (Santander Appeal).&#160; In January 2026, AXA France obtained permission to cross-appeal the Commercial Court&#8217;s rejection of AXA France&#8217;s contribution claim made under the Civil Liability (Contribution) Act 1978 (the AXA France&#8217;s cross appeal). A decision on the Santander Appeal and AXA France&#8217;s cross appeal is expected in the second half of 2026.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With respect to the Santander Appeal and AXA France&#8217;s cross-appeal, there are points of legal interpretation to be resolved and, in the case of the cross-appeal, factual points to be determined. The significant uncertainties make it difficult to predict the timing or the final impact of the resolution of the appeals for the Group. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">No customers have suffered loss as a consequence of the claim brought by AXA France or the Judgment, nor does it impact upon past redress paid to customers for PPI complaints.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">229</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-212"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-13" continuedAt="f-5496-14"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt;text-decoration:underline">Motor Finance Broker Commissions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: following the Financial Conduct Authority&#8217;s (FCA) Motor Market review in 2019 which resulted in a change in rules in January 2021, Santander Consumer (UK) plc (SCUK) has received several of county court claims and complaints in respect of its historical use of discretionary commission arrangements (DCAs) prior to the 2021 rule changes. In January 2024, the FCA commenced a review of the use of DCAs between lenders and credit brokers (the FCA Review). Pending the conclusion of its review, the FCA paused the handling of motor finance commission related complaints. The pause is currently in place until 31 May 2026, reflecting the extended timeline of the FCA's Review and subsequent Consultation (see below).</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">After the Court of Appeal's decision rendered on 25 October 2024 within the judicial proceedings followed against DCAs of other financial entities, as of 31 December 2024, the Santander UK group Holdings recognised a provision of GBP  <ix:nonFraction unitRef="gbp" contextRef="c-2696" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6497">293.0</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2696" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6498">353.3</ix:nonFraction>&#160;million). This provision was determined based upon the information then available. It included estimates for operational and legal costs and potential awards based on various scenarios and used a range of assumptions, including the possible outcome of the appeal to the Supreme Court in 2025 of the Court of Appeal's decision. On 1 August 2025, the Supreme Court handed down its judgment stating that motor dealers acting as credit brokers do not owe fiduciary or disinterested duties to their customers and, as a consequence, commission payments by lenders to motor dealers would not be unlawful on that basis. In addition, the Supreme Court held that an unfair relationship under s.140A of the Consumer Credit Act 1974 had arisen in one of the cases on its facts and awarded the amount of the commission paid by the lender plus interest at a commercial rate as the remedy. It also confirmed that the test for unfairness of the relationship with borrower was highly fact sensitive and it outlined a series of non-exhaustive factors to consider in assessing unfair relationships in this context (indicating that no or partial disclosure was not necessarily enough on its own to constitute an unfair relationship).  </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following the Supreme Court&#8217;s judgment, on 3 August 2025, the FCA announced that it aimed to publish a consultation on an industry wide redress scheme in early October (the Consultation). Further to the publication of the FCA&#8217;s Consultation on&#160;7 October 2025, the Santander UK group submitted its comments on 12 December 2025 and continues to engage constructively with the FCA. The FCA has stated that its intention is to publish the industry wide redress scheme no later than in March 2026.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In light of the proposed sectoral scheme and taking into account the objections raised and the uncertainty surrounding both the final decision to be adopted by the FCA and the outcome of any potential legal challenges, the Santander UK group has reviewed the potential impact on SCUK in relation to the vehicle finance market. The range of scenarios has been updated, which has resulted in an additional estimated charge of GBP <ix:nonFraction unitRef="gbp" contextRef="c-2697" decimals="-6" name="ifrs-full:IncreaseDecreaseInExistingProvisionsOtherProvisions" scale="6" id="f-6499">183</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2697" decimals="-5" name="ifrs-full:IncreaseDecreaseInExistingProvisionsOtherProvisions" scale="6" id="f-6500">213.6</ix:nonFraction>&#160;million). As of 31 December 2025, the total provision amounts to GBP <ix:nonFraction unitRef="gbp" contextRef="c-2662" decimals="-6" name="ifrs-full:Provisions" scale="6" id="f-6501">461</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2662" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6502">528.1</ix:nonFraction>&#160;million). This continues to include estimates for operational and legal costs and potential awards reflecting an increased likelihood of a higher number of cases than had previously been predicted as eligible for redress as well as an increased possibility that a remedy is sought to be imposed which extends beyond reversing any damaging financial consequences caused by any unfair relationships. The provision is based on various scenarios using a range of assumptions, including potential changes to the proposed scheme following responses to the Consultation or publication of the FCA&#8217;s final scheme rules.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There continue to be significant uncertainties as to the nature, extent and timing of redress payments. Therefore, while the ultimate financial impact of this matter could materially differ from the amount of the provision as of this date, such impact is not expected to be material for the Group as of the date of these financial statements.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">230</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-213"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-14" continuedAt="f-5496-15"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Delforca: dispute arising from equity swaps entered into by Gaesco (now Delforca 2008, S.A. (Delforca)) on shares of Inmobiliaria Colonial, S.A. Banco Santander, S.A. is claiming to Delforca before the Court of Barcelona in charge of the bankruptcy proceedings, a total of EUR <ix:nonFraction unitRef="eur" contextRef="c-2698" decimals="-6" name="san:ArbitrationMatterAmountClaimedByEntity" scale="6" id="f-6503">66</ix:nonFraction>&#160;million from the liquidation resulting from the early termination of financial transactions due to Delforca's non-payment of the equity swaps. In the same bankruptcy proceedings, Delforca and Mobiliaria Monesa, S.A., parent of Delforca (Monesa) have in turn claimed the Bank to repay EUR <ix:nonFraction unitRef="eur" contextRef="c-2698" decimals="-6" name="san:ArbitrationMatterAmountClaimedByCounterparty" scale="6" id="f-6504">57</ix:nonFraction>&#160;million, which the Bank received for the enforcement of the agreed guarantee, as a result of the aforementioned liquidation. On 16 September 2021 the Commercial Court Number 10 of Barcelona has ordered Delforca to pay the Bank EUR <ix:nonFraction unitRef="eur" contextRef="c-2699" decimals="-6" name="san:ArbitrationMatterAmountToBeReceivedByEntity" scale="6" id="f-6505">66</ix:nonFraction>&#160;million plus EUR <ix:nonFraction unitRef="eur" contextRef="c-2699" decimals="-6" name="san:ArbitrationMatterAmountToBeReceivedByEntityInterest" scale="6" id="f-6506">11</ix:nonFraction>&#160;million in interest and has dismissed the claims filed by Delforca. This decision was appealed by Delforca, Monesa and the bankruptcy administrator. On 15 November 2023 the Provincial Court of Barcelona rendered a judgment dismissing the appeals filed by Delforca, Monesa and the bankruptcy administrator. Delforca and Monesa (not the bankruptcy administrator) filed an appeal in cassation, that was rejected in November 2025 by the First Chamber of Supreme Court and, as a result, the appeal and first instance judgments in favor of the Bank have been confirmed. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Separately, Monesa, filed in 2009 a civil procedure with the Courts of Santander against the Bank claiming damages that have not been specified to date. The procedure is suspended.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'Planos Econ&#243;micos': like the rest of the banking system in Brazil, Santander Brazil has been the target of customer complaints and collective civil suits stemming mainly from legislative changes and its application to the retribution of bank deposits (economic plans). At the end of 2017, an agreement was reached between regulatory entities and the Brazilian Federation of Banks (Febraban) with the purpose of closing the lawsuits and was approved by the Supremo Tribunal Federal (the STF and the Collective Agreement). Discussions focused on specifying the amount to be paid to each affected client according to the balance in their notebook at the time of the application of the plan. Finally, the total value of the payments will depend on the number of adhesions there may be and the number of savers who have proved the existence of the account and its balance on the date the indexes were changed. In November 2018, the STF ordered the suspension of all economic plan proceedings for two years from May 2018. On 29 May 2020,  STF approved the extension of the Collective Agreement for <ix:nonNumeric contextRef="c-2700" name="san:PeriodOfSuspensionOfEconomicPlanProcesses" format="ixt-sec:duryear" id="f-6507">5</ix:nonNumeric> additional years starting from 3 June 2020. Condition for this extension was to include in the Collective Agreement actions related to the 'Collor I Plan'. On May 2025, the STF issued the judgment recognizing the constitutionality of the Bresser, Ver&#227;o, Collor I and II plans, guaranteeing savers the receipt of the amounts established in the Collective Agreement and setting a deadline of 24 months for new adhesions. As of 31 December 2025, the provision recorded for the economic plan proceedings amounts to EUR <ix:nonFraction unitRef="eur" contextRef="c-2701" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6508">155.3</ix:nonFraction>&#160;million.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Popular&#180;s acquisition: after the declaration of the resolution of Banco Popular, some investors filed claims against the EU&#8217;s Single Resolution Board decision, and the FROB's resolution executed in accordance with the aforementioned decision. Likewise, numerous civil lawsuits were filed against Banco Santander, S.A. alleging that the information provided by Banco Popular was erroneous and requesting from Banco Santander, S.A. the restitution of the price paid for the acquisition of the investment instruments or, where appropriate, the corresponding compensation.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the direct appeals filed before the General Court of the European Union (EGC) and the Court of Justice of the European Union (CJEU), all appeals were either dismissed or discontinued. Currently there are no ongoing appeals. On 4 February 2026, the National Court issued its first rulings dismissing the actions brought against the FROB&#8217;s decision, in application of the judgments of the EGC and the CJEU.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the civil proceedings, several Spanish judges referred to the CJEU a number of preliminary questions that have already been resolved. In particular, in the judgments of 5 May 2022 (C-410/20) and 5 September 2024 (C-775/22, C-779/22, C-794/22), the CJEU stated that Directive 2014/59/EU on bank resolution prevents shareholders, subordinated debt holders, and holders of equity instruments converted into shares bringing actions against a financial institution subject to a resolution proceeding or against its successor after the resolution, claiming liability for the information contained in the prospectus, under Directive 2003/71/EC, or actions seeking the nullity of the contract of subscription of capital instruments, which, given its retroactive effects, would result in the refund of the value of such securities, plus the interest accrued as of the date of execution of the contract. In its 11 September 2025 resolution (C-687/23), the CJEU declared that the above referred TJUE resolutions do not apply to actions pursued prior to the entity&#8217;s resolution. There are currently no other preliminary questions under consideration. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 4 March 2024, in the context of preliminary proceedings 42/2017, the Central Court of Instruction No. 4 issued a ruling transforming the proceedings into Summary Proceedings and terminating the investigation phase. This ruling considers that the circumstantial evidence resulting from the investigation which could constitute a crime is basically the following: (i) an alleged misrepresentation in the prospectus of the 2016 capital increase of Banco Popular; (ii) an alleged misrepresentation in the annual accounts of Banco Popular for 2015, the interim financial statements for 2016 and the annual accounts for 2016; and (iii) the offer to the market of a distorted amount of regulatory capital, after the capital increase of 2016 (for allegedly having been granted by Banco Popular financing to clients for the subscription of shares in the aforementioned capital increase, without discounting it from the regulatory capital). According to the aforementioned ruling, these facts could constitute the crimes of fraud of investors (art. 282 of the Criminal Code) and accounting falsehood (art. 290 of the Criminal Code). All appeals filed against the ruling have been dismissed. </span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">231</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-214"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-15" continuedAt="f-5496-16"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accusing parties, including the Public Prosecutor's Office, filed their indictment briefs on 28 October 2024, which included requests for compensation for civil liability and the request that not only the defendants but also several entities are held liable for such compensation, including Banco Santander, S.A., the auditing firm and several insurance companies. Following the filing of the indictment briefs, on 22 November 2024, the Court (Investigating Judge) issued an order for the opening of the oral trial against the defendants and civil liability parties, including Banco Santander, S.A. as a possible civil liable party. However, in line with what was determined by the Spanish National Court and confirmed by the Supreme Court concerning the hypothetical succession of Banco Popular by Banco Santander, S.A., the oral trial has not been opened against the Bank as possible direct civil liable party.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The order to open the oral trial states that the plaintiffs have requested compensation for civil liability for a total amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2702" decimals="-4" name="ifrs-full:EstimatedFinancialEffectOfContingentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6509">2,277.65</ix:nonFraction>. Additionally, the order rejects the imposition of the guarantee requested by several of the accusing parties, considering that it is unnecessary to secure the outcome of the trial. The defendants and potential civil liable parties submitted their defense writs on 4 February 2025. After that, the proceedings will be forwarded to the Criminal Chamber of the National Court for the oral trial. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding civil liability, the Bank considers that it has no subsidiary civil liability in light of the CJEU&#8217;s judgments of 5 May 2022 (C-410/20), 5 September 2024 (C-775/22, C-779/22, C-794/22) and 11 September 2025 (C-687/23 and C-447/23). Notwithstanding the foregoing, the Spanish National Court has stated that this issue shall be resolved within the ongoing proceedings. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated cost of any compensation to shareholders and bondholders of Banco Popular recognized in the 2017 accounts amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2703" decimals="-6" name="san:OtherEquityInstrumentsExpectedCost" scale="6" id="f-6510">680</ix:nonFraction>&#160;million, of which EUR <ix:nonFraction unitRef="eur" contextRef="c-2703" decimals="-6" name="san:OtherEquityInstrumentsExpectedCostAllocatedToLoyaltyPrograms" scale="6" id="f-6511">535</ix:nonFraction>&#160;million were applied to the commercial loyalty program. On 15 December 2024, Banco Santander, S.A., proceeded to redeem in advance voluntarily all bonds in circulation regarding such commercial action. The CJEU judgements of 5 May 2022 (C-410/20), 5 September 2024 (C-775/22, C-779/22, C-794/22) and 11 September 2025 (C-687/23 and C-447/23) referred above, represented a very significant reduction in the risk associated with these claims.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">German shares investigation: the Cologne Public Prosecution Office is conducting an investigation against the Bank and other group entities based in the UK - Santander UK plc, Santander Financial Services Plc and Cater Allen International Limited -, in relation to a particular type of tax dividend linked transactions known as cum-ex transactions.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group is cooperating with the German authorities. According to the state of the investigations, the result, and the effects for the Group, which may potentially include the imposition of material financial consequences (penalties, and/or disgorgement of proceeds) cannot be anticipated. For this reason, the Bank has <ix:nonFraction unitRef="eur" contextRef="c-2704" decimals="-6" name="ifrs-full:Provisions" format="ixt:fixed-zero" scale="0" id="f-6512">not</ix:nonFraction> recognized any provisions in relation to the potential imposition of financial liabilities.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander, S.A. was sued in a legal proceeding in which the plaintiff alleges that the Bank breached his contract as CEO of the institution: in the lawsuit, the claimant mainly requested a declaratory ruling upholding the existence, validity and effectiveness of such contract and its enforcement together with the payment of certain amounts. For the case that the main request is not granted, the claimant sought a compensation for a total amount of approximately EUR <ix:nonFraction unitRef="eur" contextRef="c-2705" decimals="-6" name="san:LitigationContingenciesCompensationSoughtInLitigation" scale="6" id="f-6513">112</ix:nonFraction>&#160;million or, an alternative relief for other minor amounts. Banco Santander, S.A. answered to the legal action stating that the conditions to which the appointment of that position was subject to were not met; that the executive services contract required by law was not concluded; and that in any case, the parties could terminate the contract without any justified cause. On 17 May 2021, the plaintiff reduced his claims for compensation to EUR <ix:nonFraction unitRef="eur" contextRef="c-2706" decimals="-5" name="san:LitigationContingenciesCompensationSoughtInLitigation" scale="6" id="f-6514">61.9</ix:nonFraction>&#160;million.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> On 9 December 2021, the Court upheld the claim and ordered the Bank to compensate the claimant in the amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2707" decimals="-5" name="ifrs-full:LossesOnLitigationSettlements" scale="6" id="f-6515">67.8</ix:nonFraction>&#160;million. By court order of 13 January 2022, the Court corrected and supplemented its judgment, reducing the total amount to be paid by the Bank to EUR <ix:nonFraction unitRef="eur" contextRef="c-2708" decimals="-5" name="ifrs-full:LossesOnLitigationSettlements" scale="6" id="f-6516">51.4</ix:nonFraction>&#160;million and clarifying that part of this amount (buy out) was to be paid under the terms of the offer letter, i.e., entirely in Banco Santander shares, within the deferral period for this type of remuneration at the plaintiff's former employer and subject to the performance metrics or parameters of the plan in force at the Bank, which was that of 2018. As explained in note 5 of the report of the consolidated annual accounts of the year 2022, the degree of performance of these objectives was <ix:nonFraction unitRef="number" contextRef="c-2709" decimals="3" name="san:VariableRemunerationDeferredPaymentLongTermMetricAchievementPercentage" scale="-2" id="f-6517">33.3</ix:nonFraction>%.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Bank filed an appeal against the judgment before the Madrid Court of Appeal, which was opposed by the plaintiff. At the same time, the plaintiff filed an application for provisional enforcement of the judgment in the First Instance Court. A court order was issued ordering enforcement of the judgment, and the Bank deposited in the court bank account the full amount provisionally awarded to the claimant, including interest, for an approximate sum of EUR <ix:nonFraction unitRef="eur" contextRef="c-2710" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6518">35.5</ix:nonFraction>&#160;million, within the voluntary compliance period.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 6 February 2023, Banco Santander was notified with the judgment of 20 January 2023 by which the Madrid Court of Appeal partially upheld the appeal filed by the Bank. The judgment has reduced the amount to be paid by EUR <ix:nonFraction unitRef="eur" contextRef="c-2711" decimals="-6" name="san:LitigationContingenciesDecreaseInLossesOnLitigationSettlements" scale="6" id="f-6519">8</ix:nonFraction>&#160;million, which, to the extent that this amount was already paid in the provisional partial enforcement of the judgement of First Instance Court, must be returned to the Bank together with other amounts for interest, which the appeal judgement also rejects. The plaintiff deposited circa EUR <ix:nonFraction unitRef="eur" contextRef="c-2712" decimals="-5" name="ifrs-full:GainsOnLitigationSettlements" scale="6" id="f-6520">9.6</ix:nonFraction>&#160;million. This amount was received by the Bank on 11 July 2023. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 11 April 2023, the Bank filed an extraordinary appeal for procedural infringement and an appeal in cassation against the Madrid Court of Appeal&#8217;s judgment before Spanish Supreme Court. The extraordinary and cassation appeals submitted by the Bank were accepted on 26 March 2025 and are pending to be resolved. Existing provisions cover the estimated risk of loss.</span></div><div style="text-indent:10.91pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">232</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-215"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-5496-16" continuedAt="f-5496-17"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i2f6bba6b43c7456faf1bf75d1b879f0f_39081"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">CHF Polish Mortgage Loans: In  October 2019, the CJEU rendered its decision in relation to the effects of the potential unfairness of certain contractual clauses in CHF-Indexed loan agreements. The CJEU established that it for the national courts to determine the invalidity of a  contract where it cannot be maintained without the clause declared unfair and where no  supplementary provisions exist that would allow the contract to be maintained. Subsequently, in  June 2023, the CJEU confirmed that the effects of such invalidity must be determined in accordance with national law, interpreted in the light of Directive 93/13/EEC, and that claims by financial institutions exceeding the reimbursement of the loan principal and, where applicable, default interest, are contrary to the objectives of that Directive.  </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In April 2024, the Civil Chamber of the Polish Supreme Court issued a judgment confirming that clauses relating to the mechanism for determining the exchange rate declared abusive cannot be replaced by alternative provisions and that, in the absence of a binding exchange rate, the contract is not enforceable for the parties. With regard to the effects of invalidity, the Supreme Court confirmed the existence of independent restitution claims for each party and ruled out the possibility of claiming interest or other amounts for the use of the funds. Nevertheless, certain aspects of this judgment have been subject to internal debate within the Supreme Court itself, reflecting the complexity and evolving nature of the jurisprudential framework</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this context, Santander Bank Polska S.A. and Santander Consumer Bank S.A. estimate legal risk using a model that considers different possible outcomes and regularly review court rulings on this matter in order to assess changes in case law, including the impact of the aforementioned Supreme Court judgment. Settlements are being reached both with customers who have already initiated legal proceedings and with customers who have not yet filed a claim. The model used to calculate provisions for legal risks considers the evolution and expected development of such settlements.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, the total amount adjusted against the gross carrying amount of loans in accordance with IFRS 9, together with the provisions recognised under IAS 37, amounts to PLN <ix:nonFraction unitRef="pln" contextRef="c-2713" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsProvisionsAndAdjustmentToGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-6521">5,874.3</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2713" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsProvisionsAndAdjustmentToGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-6522">1,391.9</ix:nonFraction>&#160;million), of which PLN<ix:nonFraction unitRef="pln" contextRef="c-2713" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsAdjustmentToGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-6523">3,191.7</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2713" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsAdjustmentToGrossCarryingAmount" scale="6" id="f-6524">756.3</ix:nonFraction>&#160;million) corresponds to adjustments to the gross carrying amount under IFRS 9 and PLN <ix:nonFraction unitRef="pln" contextRef="c-2714" decimals="-5" name="ifrs-full:Provisions" format="ixt:num-dot-decimal" scale="6" id="f-6525">2,682.6</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2714" decimals="-5" name="ifrs-full:Provisions" scale="6" id="f-6526">635.6</ix:nonFraction>&#160;million) to provisions recognised under IAS 37. The adjustment to gross carrying amount in accordance with IFRS9 during 2025 amounted to PLN <ix:nonFraction unitRef="pln" contextRef="c-2715" decimals="-5" name="san:IncreaseDecreaseInAdjustmentToGrossCarryingAmountMortgageLoans" scale="6" id="f-6527">99.7</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2715" decimals="-5" name="san:IncreaseDecreaseInAdjustmentToGrossCarryingAmountMortgageLoans" scale="6" id="f-6528">23.6</ix:nonFraction>&#160;million), and the additional provisions recognised under IAS 37 amounted to PLN <ix:nonFraction unitRef="pln" contextRef="c-2716" decimals="-5" name="ifrs-full:IncreaseDecreaseInExistingProvisionsOtherProvisions" scale="6" id="f-6529">1245.3</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2716" decimals="-5" name="ifrs-full:IncreaseDecreaseInExistingProvisionsOtherProvisions" scale="6" id="f-6530">293.8</ix:nonFraction>&#160;million). Other costs related to the dispute amounted to PLN <ix:nonFraction unitRef="pln" contextRef="c-2715" decimals="-5" name="san:IncreaseDecreaseThroughOtherCostsAssociatedOtherProvisions" scale="6" id="f-6531">730.5</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2715" decimals="-5" name="san:IncreaseDecreaseThroughOtherCostsAssociatedOtherProvisions" scale="6" id="f-6532">172.4</ix:nonFraction>&#160;million). IAS 37. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of the same date, Santander Bank Polska S.A. held a portfolio of mortgages denominated in or indexed to CHF amounting to approximately PLN <ix:nonFraction unitRef="pln" contextRef="c-2717" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancs" format="ixt:num-dot-decimal" scale="6" id="f-6533">2,642.0</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2717" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancs" scale="6" id="f-6534">626.0</ix:nonFraction>&#160;million) and recognised provisions of PLN <ix:nonFraction unitRef="pln" contextRef="c-2718" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsProvisionsAndAdjustmentToGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-6535">4,766.4</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2718" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsProvisionsAndAdjustmentToGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-6536">1,129.4</ix:nonFraction>&#160;million) to cover the CHF mortgage portfolio. Santander Consumer Bank S.A. (Poland), in turn, held a portfolio of mortgages denominated in or indexed to CHF amounting to approximately PLN <ix:nonFraction unitRef="pln" contextRef="c-2719" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancs" scale="6" id="f-6537">735.9</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2719" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancs" scale="6" id="f-6538">174.4</ix:nonFraction>&#160;million) and recognised provisions of PLN <ix:nonFraction unitRef="pln" contextRef="c-2720" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsProvisionsAndAdjustmentToGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-6539">1,107.9</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2720" decimals="-5" name="san:MortgageLoansDenominatedInIndexedToSwissFrancsProvisionsAndAdjustmentToGrossCarryingAmount" scale="6" id="f-6540">262.5</ix:nonFraction>&#160;million) to cover this portfolio.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Notwithstanding the above, as detailed in Note 3 b), in January 2026 the Group sold a <ix:nonFraction unitRef="number" contextRef="c-360" decimals="2" name="san:SaleOfProportionOfOwnershipInterestInSubsidiary" scale="-2" id="f-6541">49</ix:nonFraction>% stake in Santander Bank Polska S.A., which ceased to be consolidated within the Group&#8217;s perimeter as of that date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group continues to monitor the evolution of legal proceedings and to periodically review the adequacy of the provisions recognised, which represent the best estimate of the risk existing as of the reporting date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander Mexico: dispute regarding a testamentary trust constituted in 1994 by Mr. Roberto Garza Sada in Banca Serfin (currently Santander Mexico) in favor of his <ix:nonFraction unitRef="child" contextRef="c-2721" decimals="INF" name="san:LegalProceedingsNumberOfSonsInvolvedInTestamentaryTrust" format="ixt-sec:numwordsen" scale="0" id="f-6542">four</ix:nonFraction> sons in which he affected shares of Alfa, S.A.B. de C.V. (respectively, Alfa and the Trust). During 1999, Mr. Roberto Garza Sada instructed Santander M&#233;xico in its capacity as trustee to transfer <ix:nonFraction unitRef="shares" contextRef="c-2722" decimals="INF" name="san:LegalProceedingsAmountOfSharesToBeTransferredByTrustee" format="ixt:num-dot-decimal" scale="0" id="f-6543">36,700,000</ix:nonFraction> shares from the Trust's assets to his sons and daughters and himself. These instructions were ratified in 2004 by Mr. Roberto Garza Sada before a Notary Public.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Mr. Roberto Garza Sada passed away on 14 August 2010 and subsequently, in 2012, his daughters filed a complaint against Santander Mexico alleging it had been negligent in its trustee role. The lawsuit was dismissed at first instance in April 2017 and on appeal in 2018. In May 2018, the plaintiffs filed an appeal (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">recurso de amparo</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">) before the First Collegiate Court of the Fourth Circuit based in Nuevo Le&#243;n, which ruled in favor of the plaintiffs on 7 May 2021, annulling the 2018 appeal judgment and condemning Santander Mexico to the petitions claimed, consisting of the recovery of the amount of <ix:nonFraction unitRef="shares" contextRef="c-2722" decimals="INF" name="san:LegalProceedingsAmountOfSharesToBeTransferredByTrustee" format="ixt:num-dot-decimal" scale="0" id="f-6544">36,700,000</ix:nonFraction> Alfa shares, together with dividends, interest and damages.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since 2021, Santander Mexico has filed before the Supreme Court of Justice of the Nation a constitutional review challenge (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">recurso de revisi&#243;n constitucional</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">) against the referred decision which was initially rejected by the Supreme Court; and several appeals (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">recursos de reclamaci&#243;n</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">) against such rejection. On 25 June 2025, one of the appeals filed by the Bank was accepted, and this decision was extended to a remaining one, which will now be resolved. In case that these appeals are resolved favorably to the Bank, the Supreme Court will decide on the merits of the constitutional review against the judgment which condemned the Bank.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In parallel to the foregoing, the Bank also filed an amparo against the judgment favorable to the plaintiffs rendered by the First District Court in the State of Nuevo Le&#243;n before the Collegiate Courts if such State, and in 2024, the Bank requested the Supreme Court of Justice of the Nation to take up and resolve the matter through the faculty of attraction, what is pending.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">233</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-216"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-5496-17" continuedAt="f-5496-18"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The challenges and appeals filed by the Bank imply that the judgment rendered in favour of the plaintiffs is not final, and Santander M&#233;xico believes that the actions taken should prevail and reverse the decision against it. The impact of a potential unfavorable resolution for Santander M&#233;xico will be determined in a subsequent proceeding and will also depend on the additional actions that Santander M&#233;xico may take in its defense, so it is not possible to determine it at this time. At the current stage of the proceedings, the provisions recorded are considered sufficient to cover the risks deriving from this claim.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%;padding-left:3.11pt">Mortgage</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> Expenses: in December 2015 the Spanish Supreme Court ruled that mortgage clauses relating to the payment of fees associated to formalizing the mortgage were abusive. On 27 November 2018, the Supreme Court agreed that the taxpayer of the documented legal acts stamp duty tax (IAJD) on the mortgage loans should be the borrower. On 9 November 2018, RDL 17/2018 came into force and modified the Law of the IAJD, establishing that the taxpayer is the Bank. On 23 January 2019, the Supreme Court ruled the distribution of the same must be <ix:nonFraction unitRef="number" contextRef="c-2723" decimals="2" name="san:PercentageOfPublicNotaryExpensesAndAgencyExpensesToBePaid" scale="-2" id="f-6545">50</ix:nonFraction>% between the Bank and the borrower in public notary expenses and agency expenses.  The Supreme Court also ruled that the Bank must pay <ix:nonFraction unitRef="number" contextRef="c-2723" decimals="2" name="san:PercentageOfTheRegistryExpensesToBePaid" scale="-2" id="f-6546">100</ix:nonFraction>% of the Registry. On 26 October 2020, the Supreme Court ruled that the Bank is fully responsible for the management expenses; and on 27 January 2021, the Supreme Court ruled that the Bank is also responsible for the valuation expenses. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the statute of limitations, on 25 April 2024, <ix:nonFraction unitRef="judgement" contextRef="c-2724" decimals="INF" name="san:NumberOfJudgmentsRendered" format="ixt-sec:numwordsen" scale="0" id="f-6547">two</ix:nonFraction>  judgments were rendered (cases C-561/21 and C-484/21) in which the Court of Justice of the European Union (CJEU) stated that the commencement of the statute of limitations for the reimbursement action of the mortgage expenses derived from the annulment of the clause, shall be fixed on the moment when the consumer has an effective knowledge of the abusive nature of the clause and its effects and that this date must not be fixed (a) on the date of payment of such expense nor of the execution of the agreement; (b) when the Supreme Court has handed down judgments stating the abusive nature of a clause similar to the one included in the consumer contract; nor (c) when the CJEU has handed down judgments confirming that the statute of limitations for the reimbursement action of the amounts derived from the annulment of contractual provisions is valid subject to its compliance with the principles of equivalence and effectiveness. </span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-5496-18"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Supreme Court has confirmed this criterion in its 14 June 2024 judgment, establishing that the public dissemination of case-law declaring the abusive nature of a clause does not necessarily give rise to the limitation period of the reimbursement action derived from similar clauses. However, the 4 July 2024 judgment, rendered in the case C-450/22, the CJEU has established that it cannot be excluded a priori that, as a consequence of the occurrence of an objective event or of a notorious event, such as the amendment of the applicable legislation or a widely disseminated and debated development of jurisprudence, the court considers that the average consumer's overall perception of the floor clause has changed during the reference period and has enabled him to become aware of the potentially significant economic consequences arising from such clause. A further preliminary question concerning the statute of limitations of the reimbursement action derived from the annulment of mortgage expenses has been raised before the CJEU by the First Instance Court No 8 of La Coru&#241;a. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December in 2024, the Supreme Court handed down <ix:nonFraction unitRef="judgement" contextRef="c-2725" decimals="INF" name="san:NumberOfJudgmentsRendered" format="ixt-sec:numwordsen" scale="0" id="f-6548">two</ix:nonFraction> additional judgments regarding statute of limitations, in which it determines that the date to be considered for the purposes of the application of Directive 93/1994 and, consequently, the statute of limitations detailed in its previous judgments, is 31 December 1994 (i.e. the date when the deadline for its transposition ended). This is based on the principle of interpretation in accordance with directives not transposed (applicable once their transposition period has expired). The recorded provision includes the best estimate of Group&#8217;s liability for this matter.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander and the other Group companies are subject to claims and, therefore, are party to certain judicial and administrative proceedings incidental to the normal course of their business including those in connection with lending activities, relationships with employees and other commercial or tax matters additional to those referred to here.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the information available to it, the Group considers that, at 31 December 2025, it had reliably estimated the obligations associated with each proceeding and had recognized, where necessary, sufficient provisions to cover reasonably any liabilities that may arise as a result of these tax and legal risks. Disputes in which risk and/or provisions have been registered but are not disclosed is justified on the basis that it would be prejudicial to the proper defense of the Group. Subject to the qualifications made, it also believes that any liability arising from such claims and proceedings will not have, overall, a material adverse effect on the Group&#8217;s business, financial position, or results of operations.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1003"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i8d69d553f9a24dfab28db1e473947aaf"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">26. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOtherLiabilitiesExplanatory" id="f-6549" continuedAt="f-6549-1" escape="true">Other liabilities</ix:nonNumeric></span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfOtherLiabilitiesTableTextBlock" id="f-6550" escape="true"><ix:continuation id="f-6549-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other liabilities in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:59.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.173%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transactions in transit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:OtherPayables" scale="6" id="f-6551">707</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:OtherPayables" scale="6" id="f-6552">910</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:OtherPayables" scale="6" id="f-6553">767</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued expenses and deferred income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:AccruedExpensesAndDeferredIncome" format="ixt:num-dot-decimal" scale="6" id="f-6554">9,018</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:AccruedExpensesAndDeferredIncome" format="ixt:num-dot-decimal" scale="6" id="f-6555">9,003</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:AccruedExpensesAndDeferredIncome" format="ixt:num-dot-decimal" scale="6" id="f-6556">9,136</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:OtherMiscellaneousLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6557">6,212</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherMiscellaneousLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6558">6,431</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherMiscellaneousLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6559">7,695</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6560">15,937</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6561">16,344</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6562">17,598</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">234</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1006"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-217"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span id="i889bc37b6a4b4ef798b6c097f1a7ce08"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">27. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfIncomeTaxExplanatory" id="f-6563" continuedAt="f-6563-1" escape="true">Tax matters</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1012"></div><ix:continuation id="f-6563-1" continuedAt="f-6563-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia13527740d5a4db5b27663e9d64a85bf"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:120%">a) Consolidated Tax Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to current Spanish regulation, the Tax Consolidated Group includes Banco Santander, S.A. as the parent company and, as subsidiaries, those Spanish subsidiaries that meet the requirements established by the regulations on the taxation of consolidated groups.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The other Group companies file income tax returns in accordance with the tax regulations applicable to them.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="if90a294256b1431dbbeb0da8e9af92dd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">b) Years open for review by the tax authorities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the partial scope tax audit of Corporate Income Tax for fiscal year 2020 and Value Added Tax for fiscal years 2020 to 2022, initiated in April 2024, in December 2025 the Spanish tax authorities issued a Corporate Income Tax assessment, which has been appealed before the Central Economic-Administrative Court, and the VAT assessments were still pending at the close of the financial year. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main appeals filed against assessments issued in prior audits remain pending before the Central Economic-Administrative Court (Corporate Income Tax and Value Added Tax for fiscal years 2017 to 2019) and before the National Appellate Court (Corporate Income Tax for fiscal years 2003 to 2015). Banco Santander, S.A., as the parent company of the Tax Consolidated Group, considers, based on the advice of its external legal counsel, that the adjustments made should not have a significant impact on the consolidated annual accounts, as there are strong arguments for defense in the appeals filed against these assessments. Consequently, no provision has been recognized in this respect. Furthermore, it should be noted that, in those cases where it was considered appropriate, the available mechanisms have been used to avoid international double taxation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the date of approval of these consolidated annual accounts, subsequent years up to and including 2025, are subject to review.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The other entities have the corresponding years open for review, pursuant to their respective tax regulations.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Due to possible different interpretations which can be made of the tax regulations, the outcome of the tax audits of the rest of years subject to review might give rise to contingent tax liabilities which cannot be objectively quantified. However, the Group&#8217;s tax advisers consider that it is unlikely that such tax liabilities will materialize, and that in any event the tax charge arising therefrom would not materially affect the Group&#8217;s consolidated financial statements.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-6563-2" continuedAt="f-6563-3"><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1015"></div><div style="margin-bottom:6pt"><span id="i26613c9677a14534a8270b0d6e89e2b6"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Reconciliation</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfEffectiveIncomeTaxRateReconciliation1TableTextBlock" id="f-6564" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (<ix:nonFraction unitRef="number" contextRef="c-2726" decimals="2" name="ifrs-full:ApplicableTaxRate" scale="-2" id="f-6565"><ix:nonFraction unitRef="number" contextRef="c-2727" decimals="2" name="ifrs-full:ApplicableTaxRate" scale="-2" id="f-6566"><ix:nonFraction unitRef="number" contextRef="c-2728" decimals="2" name="ifrs-full:ApplicableTaxRate" scale="-2" id="f-6567">30</ix:nonFraction></ix:nonFraction></ix:nonFraction>%) to the income tax expense recognised and the detail of the effective tax rate are as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:51.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.643%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit (loss) before tax:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From continuing operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-6568">18,681</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-6569">17,347</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-6570">15,005</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From discontinued operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ProfitLossBeforeTaxFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6571">1,950</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ProfitLossBeforeTaxFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6572">1,680</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ProfitLossBeforeTaxFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6573">1,454</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ProfitLossBeforeTaxIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6574">20,631</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:ProfitLossBeforeTaxIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6575">19,027</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ProfitLossBeforeTaxIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6576">16,459</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax at tax rate applicable in Spain (<ix:nonFraction unitRef="number" contextRef="c-2728" decimals="2" name="ifrs-full:ApplicableTaxRate" scale="-2" id="f-6577"><ix:nonFraction unitRef="number" contextRef="c-2726" decimals="2" name="ifrs-full:ApplicableTaxRate" scale="-2" id="f-6578"><ix:nonFraction unitRef="number" contextRef="c-2727" decimals="2" name="ifrs-full:ApplicableTaxRate" scale="-2" id="f-6579">30</ix:nonFraction></ix:nonFraction></ix:nonFraction>%)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:TaxExpenseIncomeAtApplicableTaxRateIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6580">6,189</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:TaxExpenseIncomeAtApplicableTaxRateIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6581">5,708</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:TaxExpenseIncomeAtApplicableTaxRateIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6582">4,938</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By the effect of application of the various tax rates applicable in each country</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6583">103</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6584">115</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6585">100</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 29.34pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2729" decimals="-6" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6586">264</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2730" decimals="-6" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6587">413</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2731" decimals="-6" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6588">198</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2565" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6589">42</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2566" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6590">53</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2567" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6591">51</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2732" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6592">60</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2733" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6593">25</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2734" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6594">28</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2735" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6595">36</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2736" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6596">33</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2737" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6597">28</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Poland</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2738" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6598">224</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2739" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6599">183</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2740" decimals="-6" sign="-" name="ifrs-full:TaxEffectOfForeignTaxRates" scale="6" id="f-6600">164</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of profit or loss of associates and joint ventures</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:TaxEffectOfProfitLossOfAssociatesAndJointVentures" scale="6" id="f-6601">207</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:TaxEffectOfProfitLossOfAssociatesAndJointVentures" scale="6" id="f-6602">213</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:TaxEffectOfProfitLossOfAssociatesAndJointVentures" scale="6" id="f-6603">184</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">USA electric vehicle leasing incentives</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:TaxEffectOfUSAElectricVehicleLeasingIncentives" scale="6" id="f-6604">203</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:TaxEffectOfUSAElectricVehicleLeasingIncentives" scale="6" id="f-6605">258</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:TaxEffectOfUSAElectricVehicleLeasingIncentives" scale="6" id="f-6606">259</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Global minimum tax Pillar Two</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" scale="6" id="f-6607">6</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" scale="6" id="f-6608">14</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" format="ixt:fixed-zero" scale="6" id="f-6609">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of reassessment of deferred taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:TaxEffectOfRemeasurementOfDeferredTax" scale="6" id="f-6610">101</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:TaxEffectOfRemeasurementOfDeferredTax" scale="6" id="f-6611">68</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:TaxEffectOfRemeasurementOfDeferredTax" format="ixt:fixed-zero" scale="6" id="f-6612">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Permanent differences<br/>and other </span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:TaxEffectOfExpenseNotDeductibleAndOtherInDeterminingTaxableProfitTaxLoss" scale="6" id="f-6613">450</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:TaxEffectOfExpenseNotDeductibleAndOtherInDeterminingTaxableProfitTaxLoss" scale="6" id="f-6614">151</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:TaxEffectOfExpenseNotDeductibleAndOtherInDeterminingTaxableProfitTaxLoss" scale="6" id="f-6615">119</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income tax</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:TaxExpenseIncomeIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6616">5,131</ix:nonFraction></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:TaxExpenseIncomeIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6617">5,283</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:TaxExpenseIncomeIncludingDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-6618">4,276</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effective tax rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="ifrs-full:AverageEffectiveTaxRate" scale="-2" id="f-6619">24.87</ix:nonFraction>%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-86" decimals="4" name="ifrs-full:AverageEffectiveTaxRate" scale="-2" id="f-6620">27.77</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-87" decimals="4" name="ifrs-full:AverageEffectiveTaxRate" scale="-2" id="f-6621">25.98</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 29.34pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Continuing operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-5" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-6622">4,723</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-6623">4,844</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-6624">3,880</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Discontinued operations</span></div><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(Note 37)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" scale="6" id="f-6625">408</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" scale="6" id="f-6626">439</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" scale="6" id="f-6627">396</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" format="ixt:num-dot-decimal" scale="6" id="f-6628">5,666</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" format="ixt:num-dot-decimal" scale="6" id="f-6629">4,855</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" format="ixt:num-dot-decimal" scale="6" id="f-6630">5,568</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Deferred taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-6631">535</ix:nonFraction>)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" scale="6" id="f-6632">428</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-6633">1,292</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax (receipts)/payments</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-6634">4,954</ix:nonFraction></span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-6635">5,880</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-6636">5,214</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction.</span></div></ix:nonNumeric><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">235</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-218"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6563-3" continuedAt="f-6563-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0aa886292ebb45f495e193e815c05936"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Tax recognised in equity</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfIncomeTaxComponentsOfOtherComprehensiveIncomeTableTextBlock" id="f-6637" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:57.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.791%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items not reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures" scale="6" id="f-6638">115</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures" scale="6" id="f-6639">85</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures" scale="6" id="f-6640">358</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains or (-) losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" scale="6" id="f-6641">63</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" scale="6" id="f-6642">172</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" scale="6" id="f-6643">302</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" scale="6" id="f-6644">4</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" scale="6" id="f-6645">4</ix:nonFraction>)</span></td><td style="border-top:0.25pt 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" scale="6" id="f-6647">48</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" 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colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures" scale="6" id="f-6650">440</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures" scale="6" id="f-6651">54</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures" scale="6" id="f-6652">919</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" scale="6" id="f-6653">207</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" scale="6" id="f-6654">205</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" scale="6" id="f-6655">732</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-6656">204</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-6657">261</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-6658">214</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging instruments (items not designated)</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" scale="6" id="f-6659">3</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-6660">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-6661">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:IncomeTaxRelatingToNonCurrentAssetsHeldForSaleIncludedInOtherComprehensiveIncome" scale="6" id="f-6662">32</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:IncomeTaxRelatingToNonCurrentAssetsHeldForSaleIncludedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-6663">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:IncomeTaxRelatingToNonCurrentAssetsHeldForSaleIncludedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-6664">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-6665">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-6666">2</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-6667">27</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-6668">325</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-6669">139</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" scale="6" id="f-6670">561</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:6pt;margin-top:9pt"><span id="i66a5b4c0da6f4a2389480e2125b425df"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Deferred taxes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Tax assets' in the consolidated balance sheets includes debit balances with the Public Treasury relating to deferred tax assets. 'Tax liabilities' includes the liability for the Group&#8217;s various deferred tax liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with EU Regulation 575/2013 on prudential requirements for credit institutions and investment firms (CRR), and subsequently amended by EU Regulation 2019/876 of the European Parliament and of the Council, those deferred tax assets that do not rely on future profitability arising from temporary differences (referred to hereinafter as 'monetizable deferred tax assets&#8217;), meeting certain conditions, should not be deducted from regulatory capital and should not be risk-weighted at 250% according to the thresholds set out in Article 48 of the said Regulation, but shall apply a risk weight of 100% under Article 39.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">236</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-219"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6563-4" continuedAt="f-6563-5"><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" id="f-6671" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2025, 2024 and 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.468%"><tr><td style="width:1.0%"/><td style="width:27.887%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.783%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.176%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.783%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.176%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.783%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.180%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2741" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6672">10,725</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2742" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6673">8,219</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2743" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6674">10,309</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2744" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6675">8,861</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2745" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6676">11,099</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2746" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6677">9,668</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2747" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6678">2,354</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2748" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6679">2,367</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2749" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6680">2,393</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2750" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6681">10,725</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2751" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6682">5,865</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2752" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6683">10,309</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2753" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6684">6,494</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2754" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6685">11,099</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2755" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6686">7,275</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2758" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6689">1,965</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2759" decimals="-6" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6690">810</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-2763" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6694">1,341</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2764" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6695">7,880</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2765" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6696">1,103</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2766" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6697">8,248</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6702">423</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2772" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6703">2,851</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2774" decimals="-6" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6705">832</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2779" decimals="-6" name="ifrs-full:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6713">6,086</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2780" decimals="-6" name="ifrs-full:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6714">1,980</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2782" decimals="-6" name="ifrs-full:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6716">2,059</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-6718">2,797</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2785" decimals="-6" name="ifrs-full:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6719">2,594</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Investments in Group companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:112%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:0.46pt">In 2023, the Spanish Economic Administrative Court ruled that in 2017 the requirements for the conversion of part of the monetizable assets of Popular Group into a credit against the Tax Administration were met, allowing the conversion to EUR <ix:nonFraction unitRef="eur" contextRef="c-2789" decimals="-6" name="san:DeferredTaxAssetsPortionAlreadySubmittedForConversion" scale="6" id="f-6723">995</ix:nonFraction>&#160;million. Banco Santander was refunded without impact on results. The favourable Economic Administrative Court decision was declared harmful to the public interests and challenged at the National Appellate Court by the Tax Administration. The estimation of this appeal, which is pending at the National Appellate Court,  would imply that Grupo Santander should repay the amount refunded and would, once again, credit these monetizable assets with no impact on results except for late payment interests. However, it is considered that there are strong defense arguments in relation to this appeal.</span></div></ix:nonNumeric><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander only recognises deferred tax assets for temporary differences or tax loss and tax credit carryforwards where it is considered probable that consolidated entities that generated them will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These analyses take into consideration all evidence, both positive and negative, of the recoverability of such deferred tax assets, among which we can find, (i) the results generated by the different entities in previous years, (ii) the projections of results of each entity or fiscal group, (iii) the estimation of the reversal of the different temporary differences according to their nature and (iv) the period and limits established under the applicable legislation of each country for the recovery of the different deferred tax assets, thus concluding on the ability of each entity or fiscal group to recover the deferred tax assets registered.</span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The projections of results used in this analysis are based on the financial planning approved by both the local directions of the corresponding units and by the Group's directors. The Group's budget estimation process is common for all units. The Group's management prepares its financial planning based on the following key assumptions:&#160;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.31pt">Microeconomic variables of the entities that make up the fiscal group in each location: the existing balance structure, the mix of products offered and the commercial strategy at each moment defined by local directions are taken into account, based on the competition, regulatory and market environment.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Macroeconomic variables: estimated growths are based on the evolution of the economic environment considering the expected evolution in the gross domestic product of each location, and the forecasts of interest rates, inflation and exchange rates fluctuations. These data are provided by the Group&#8217;s Studies Service.</span></div><div><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">237</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-220"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6563-5" continuedAt="f-6563-6"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the Group performs retrospective contrasts (backtesting) on the variables projected in the past. The differential behaviour of these variables with respect to the real market data is considered in the projections estimated in each fiscal year. Thus, and in relation to Spain, the deviations identified by the Directors in recent past years are due to a combination of exogenous factors, mainly the changing impact of the macroeconomic environment and competition, and management actions, such as the acceleration of restructuring plans, investment in digitalisation, and the optimisation of capital and shareholder returns.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, and given the degree of uncertainty of these assumptions on the referred variables, the Group conducts a sensitivity analysis of the most significant assumptions considered in the deferred tax assets&#8217; recoverability analysis, considering any reasonable change in the key assumptions on which the projections of results of each entity or fiscal group and the estimation of the reversal of the different temporary differences are based.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to Spain, the sensitivity analysis has consisted of making reasonable changes to the key assumptions, including adjusting <ix:nonFraction unitRef="number" contextRef="c-2790" decimals="INF" name="san:PercentageOfReasonablyPossibleIncreaseDecreaseInAssumption" scale="-4" id="f-6724">50</ix:nonFraction> basis points for growth (gross domestic product) and adjusting <ix:nonFraction unitRef="number" contextRef="c-2791" decimals="INF" name="san:PercentageOfReasonablyPossibleIncreaseDecreaseInAssumption" scale="-4" id="f-6725">50</ix:nonFraction> basis points for inflation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Relevant information is set forth below for the main countries which have recognised deferred tax assets:</span></div><div style="margin-bottom:3pt"><span id="if142b00e448b431b8a9c014068ed5e1c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Spain</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets recognised at the Consolidated Tax Group total EUR <ix:nonFraction unitRef="eur" contextRef="c-307" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6726">7,183</ix:nonFraction> million, of which EUR <ix:nonFraction unitRef="eur" contextRef="c-2792" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6727">5,069</ix:nonFraction>&#160;million were for monetizable temporary differences with the right to conversion into a credit against the tax administration as explained before, EUR <ix:nonFraction unitRef="eur" contextRef="c-2793" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6728">1,433</ix:nonFraction>&#160;million for other temporary differences and EUR <ix:nonFraction unitRef="eur" contextRef="c-2794" decimals="-6" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6729">681</ix:nonFraction>&#160;million for tax losses and credits.</span></div><div style="margin-bottom:3pt"><span id="i1fd813ebcb214787a9600f5c2281a9eb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Brazil</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> assets recognised in Brazil total EUR <ix:nonFraction unitRef="eur" contextRef="c-2610" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6730">7,465</ix:nonFraction>, of which EUR <ix:nonFraction unitRef="eur" contextRef="c-2795" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6731">5,606</ix:nonFraction>&#160;million were for monetizable temporary differences, EUR <ix:nonFraction unitRef="eur" contextRef="c-2796" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6732">1,150</ix:nonFraction> for other temporary differences and EUR <ix:nonFraction unitRef="eur" contextRef="c-2797" decimals="-6" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6733">709</ix:nonFraction> for tax losses </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">and credits.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4a9e18696013435e838194aee4c4af4e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Mexico</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">The deferred tax assets recognized in Mexico total EUR <ix:nonFraction unitRef="eur" contextRef="c-2798" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6734">1,542</ix:nonFraction>, of which EUR <ix:nonFraction unitRef="eur" contextRef="c-2799" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6735">1,511</ix:nonFraction> were for temporary differences and EUR <ix:nonFraction unitRef="eur" contextRef="c-2800" decimals="-6" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6736">31</ix:nonFraction> for tax losses and credits.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i405ed2d890bf4a1bb9300f668b1d6752"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">United States</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets recognised in the United States total EUR <ix:nonFraction unitRef="eur" contextRef="c-2801" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6737">1,026</ix:nonFraction>, of which EUR <ix:nonFraction unitRef="eur" contextRef="c-2802" decimals="-6" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6738">253</ix:nonFraction> were for temporary differences and EUR <ix:nonFraction unitRef="eur" contextRef="c-2803" decimals="-6" name="ifrs-full:DeferredTaxAssets" scale="6" id="f-6739">773</ix:nonFraction> for tax losses and credits. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group estimates that the recognised deferred tax assets for temporary differences, tax losses and credits in the different jurisdictions could be recovered in a maximum period of <ix:nonNumeric contextRef="c-2804" name="san:RemainingRecoveryPeriodOfDeferredTaxAssetsForTemporaryDifferences" format="ixt-sec:duryear" id="f-6740">15</ix:nonNumeric> years.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">238</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-221"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDeferredTaxesExplanatory" id="f-6741" escape="true"><ix:continuation id="f-6563-6" continuedAt="f-6563-7"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Tax assets&#160;- Deferred and Tax liabilities&#160;- Deferred in the last three&#160;years were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:20.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.608%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassification no-current asset held for sale</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6742">19,170</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:DeferredTaxIncomeRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-6743">1,107</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:DeferredTaxExpenseTaxAssetIncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems" scale="6" id="f-6744">102</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxAsset" scale="6" id="f-6747">31</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6748">18,944</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2805" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6749">2,367</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2806" decimals="-6" name="san:DeferredTaxIncomeRecognisedInProfitOrLoss" scale="6" id="f-6750">82</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2806" decimals="-6" sign="-" name="san:DeferredTaxExpenseTaxAssetIncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems" scale="6" id="f-6751">107</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2806" decimals="-6" name="san:DeferredTaxRelatingToItemsCreditedDirectlyToAssetValuationAdjustments" format="ixt:fixed-zero" scale="6" id="f-6752">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2806" decimals="-6" name="san:IncreaseDecreaseThroughClassifiedAsHeldForSaleDeferredTaxAsset" format="ixt:fixed-zero" scale="6" id="f-6753">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2806" decimals="-6" name="san:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxAsset" scale="6" id="f-6754">12</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2807" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6755">2,354</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2778" decimals="-6" name="ifrs-full:DeferredTaxAssets" format="ixt:num-dot-decimal" scale="6" id="f-6756">16,803</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2804" decimals="-6" name="san:DeferredTaxIncomeRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-6757">1,025</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2804" decimals="-6" name="san:DeferredTaxExpenseTaxAssetIncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems" scale="6" id="f-6758">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2804" decimals="-6" sign="-" name="san:DeferredTaxRelatingToItemsCreditedDirectlyToAssetValuationAdjustments" scale="6" id="f-6759">132</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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contextRef="c-2777" decimals="-6" name="ifrs-full:DeferredTaxLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-6783">5,904</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:num-dot-decimal" scale="6" id="f-6784">12,894</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt 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name="ifrs-full:DeferredTaxLiabilityAsset" format="ixt:num-dot-decimal" scale="6" id="f-6790">13,040</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:30.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.492%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.607%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">239</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-222"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6563-8" continuedAt="f-6563-9"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic793f70263a0443cb47037278ae931ba"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">f) Global Minimum Tax Pillar Two </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Global Minimum Tax Model Rules, known as Pillar Two and approved in 2021 by the OECD Inclusive Framework, require multinational groups with revenues exceeding EUR 750 million to be subject to a minimum tax rate of 15% on adjusted accounting profit, calculated on a jurisdiction-by-jurisdiction basis. The OECD has complemented these rules through the approval of administrative guidance and a document on transitional safe harbours applicable to fiscal years 2024 to 2026. In January 2026, the application of the transitional safe harbours was extended for an additional year, and new permanent safe harbours were approved with the aim of simplifying the application of the Model Rules and implementing the 'side-by-side agreement' reached in June 2025 within the G7, which will apply from 2026 to multinational groups with a U.S. parent company.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the European Union, in December 2022, the Council approved Directive (EU) 2022/2523 on ensuring a global minimum level of taxation for multinational enterprise groups and large scale domestic groups in the Union, setting 1 January 2024 as the entry-into-force date of the new minimum taxation. The Directive implements the OECD Inclusive Framework Pillar Two rules within the European Union, while also extending their application to large domestic groups.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Spain, on 20 December 2024, Law 7/2024 was approved, establishing a Supplementary Tax to ensure a global minimum level of taxation for multinational groups and large domestic groups, effective as from 1 January 2024. This Law transposes Directive (EU) 2022/2523 and also establishes a domestic supplementary tax aligned with the Pillar Two rules. In April 2025, Royal Decree 252/2025 was published, approving the implementing regulations of the Law.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With regard to other jurisdictions, the rules on the new global minimum tax are already in force in most of the main geographies in which the Group operates, with the exception of Mexico, Chile, and Argentina.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Pillar Two rules require calculating, in each jurisdiction in which the Group operates, the effective tax rate resulting from comparing income tax expense with accounting profit, both subject to certain adjustments. If, in a given jurisdiction, this rate is below 15%, Banco Santander, as the ultimate parent entity, must pay the difference to the Spanish tax authorities as a supplementary tax, unless a domestic supplementary tax aligned with the Pillar Two rules (a qualified domestic tax) has been approved in that jurisdiction, in which case the amount will be paid to the local tax authorities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both Banco Santander, S.A., as the ultimate parent entity, and the subsidiaries resident in jurisdictions where a qualified domestic tax has been approved, have estimated the supplementary taxes accrued, taking into account the application of the transitional safe harbours in fiscal years 2024 and 2025.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These safe harbours mean that the supplementary tax, whether at the level of the parent entity or in jurisdictions that have adopted a qualified domestic tax, is not payable provided that any of the </span><span style="color:#000000;font-family:'Aptos',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">f</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ollowing conditions are met: (i) the effective tax rate calculated based on country-by-country reporting data exceeds 15% in 2024 and 16% in 2025; (ii) the Group&#8217;s presence in a jurisdiction is not significant if below EUR 10 million and profit before tax is below EUR 1 million; or (iii) profit before tax is lower than the amount resulting from the sum of tangible fixed assets and employee expenses adjusted by a certain percentage that varies annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This supplementary tax expense recognized by the Group has not been significant, as the effective tax rates calculated in accordance with the Pillar Two rules in most of the jurisdictions in which the Group operates are above 15%. Nevertheless, the new regulations require the provision of a large amount of information to the tax authorities in the jurisdictions where the Group is present, broken down on an entity-by-entity basis, which involves a significant administrative burden.</span></div><div style="margin-bottom:6pt;text-align:justify"><span id="iea97509ef1424cf792cf0322f7bedc09"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">g) Tax reforms</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025 and prior years, the following significant tax reforms were approved:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Spain, in 2022, Law 38/2022 was approved, establishing a temporary levy payable by credit institutions and financial credit institutions in fiscal years 2023 and 2024. The levy amounted to 4.8% of the sum of net interest income and net fees and commissions from the activity carried out in Spain in the previous year. The payment obligation arose on the first day of each fiscal year. The expense recognized for this temporary levy amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2819" decimals="-6" name="ifrs-full:TaxExpenseOtherThanIncomeTaxExpense" scale="6" id="f-6879">224</ix:nonFraction>&#160;million in 2023 and EUR <ix:nonFraction unitRef="eur" contextRef="c-2820" decimals="-6" name="ifrs-full:TaxExpenseOtherThanIncomeTaxExpense" scale="6" id="f-6880">334</ix:nonFraction>&#160;million in 2024. However, the tax authorities have audited both years and consider that an additional amount is payable due to differences in the criteria applied in determining the taxable base, which are currently being discussed by the Bank. Furthermore, the Law established, for 2023, a 50% limitation on the inclusion of individual tax losses in the taxable base of the Tax Consolidated Group, setting a 10-year period for the reversal of this positive adjustment.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 December 2024, Law 7/2024 was approved, which, among other tax measures, introduced a tax on the net interest margin and commissions earned in Spanish territory by certain financial institutions, with accrual on 1 January of fiscal years 2025, 2026 and 2027. The taxable base, with certain changes compared to that of the temporary levy, is now calculated on an individual basis for each financial institution, and the tax liability is determined in accordance with a progressive rate scale ranging from 1% to 7%, after applying certain deductions. On 24 December 2024, Royal Decree-Law 9/2024 was published in the Official State Gazette, amending certain technical aspects of the tax and postponing its accrual to 31 January of those fiscal years. This Royal Decree-Law was abolished on 22 January 2025 and, therefore, no expense was recognized for the new tax in respect of 2024 income in accordance with the legislation in force at that time (EUR <ix:nonFraction unitRef="eur" contextRef="c-2821" decimals="-6" name="san:PaymentOfTaxExpenseOtherThanIncomeTaxExpense" scale="6" id="f-6881">392</ix:nonFraction>&#160;million were paid during the year). In 2025, the expense corresponding to income accrued during the financial year, recognised as income tax, amounts to &#8364;<ix:nonFraction unitRef="eur" contextRef="c-2822" decimals="-6" name="ifrs-full:TaxExpenseOtherThanIncomeTaxExpense" scale="6" id="f-6882">353</ix:nonFraction>&#160;million and will be paid in 2026. The Group considers that both the temporary levy and the tax on net interest margin and fees and commissions are contrary to the Spanish and European Union constitutional and legal principles and has therefore disputed the corresponding self-assessments, requesting a refund of the amounts paid.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">240</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-223"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6563-9" continuedAt="f-6563-10"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the aforementioned Law 7/2024 once again establishes, for fiscal years 2024 and 2025, a 50% limitation on the inclusion of individual tax losses in the taxable base of the Tax Consolidated Group, setting a 10-year period for the reversal of this positive adjustment. Likewise, this Law reintroduces the limits provided for in Royal Decree-Law 3/2016&#8212;which was declared unconstitutional by the Constitutional Court ruling of 18 January 2024&#8212;on the utilization of monetizable deferred tax assets and the offsetting of tax losses (with the limit reduced from 70% to 25%), as well as on the application of deductions to avoid double taxation (50%), and also reinstates the mandatory reversal of impairments on shareholdings that were deductible in prior years by third parties, regardless of any recovery in the value of the investees.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Brazil, Law 14,467 enacted in 2022 with effect from 2025, amends the rules on the tax deductibility of credit provisions in financial institutions, bringing those rules closer to the accounting recognition criterion. In 2024, Law 15,078 was published, allowing the recovery of the accumulated balance of provisions of nondeductible loans at the end of 2024 within a seven-year period (with the option to extend to ten years) from January 2026.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, several Legislative Decrees and decisions of the Federal Supreme Court were published concerning the Financial Transactions Tax (IOF), amending the applicable rules and setting new rates for its various categories: (i) IOF Credit (local loans to legal entities increased from 1.88% to a maximum of 3.37% per annum); (ii) IOF Insurance (a 5% rate was introduced on the excess of certain contributions to life insurance policies); and (iii) IOF Foreign Exchange (payments for the import of services and royalties paid abroad rose from 0.38% to 3.5%).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December 2023, Congress approved Constitutional Amendment 132/2023 on indirect taxation reform, initiating the legislative development process, which culminated in the enactment of Supplementary Laws 214/2025 in January 2025 and 227/2026 in January 2026. This reform replaces the various existing indirect taxes in Brazil, -applicable at the federal, regional and municipal levels-, with two taxes administered at federal level (contribution on goods and services and selective tax) and other administered at regional and municipal levels (tax on goods and services). The new system will be gradually implemented over a transitional period of 8 years (from 2026 to 2033). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, Law No. 14.973/2024 partially extended, until 31 December 2027, an optional social contribution regime for employees applicable to certain sectors of activity, allowing such contributions to be calculated as a percentage of gross income (ranging from 1% to 4.5%, depending on the sector), rather than under the general regime, which applies a 20% rate to employee payroll.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In November 2025, Law No. 15.270 was published which, among other measures, introduced a 10% withholding tax on ordinary dividends paid abroad as from 1 January 2026.</span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December 2025, Supplementary Law No. 224 was enacted, which, among other measures: (i) increased the withholding tax on Interest on equity (juros sobre o capital pr&#243;prio) from 15% to 17.5%; (ii) raised the CSLL rate applicable to non-bank financial institutions as from 1 April 2026 on a gradual basis: payment institutions to 12% in 2026 and 2027, and 15% as from 2028; and credit, financing and capitalisation companies to 17.5% in 2026 and 2027, and 20% as from 2028 (the rate for banks remains at 20% and for other financial institutions at 15%), and (iii) introduced an automatic 10% reduction in the amount of certain federal tax incentives as from 2026.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Argentina, as from 23 December 2024, Tax for an Inclusive and Solidarity Argentina (PAIS), which imposed certain foreign currency purchasing operations in order to make payments abroad, has been eliminated. Likewise, General Resolution (AFIP) No. 5,554 repeals, with effect from 1 September 2024, the obligation to withhold VAT and income tax on electronic payments. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Chile, Law 27,713 on Tax Compliance Obligations was published in October 2024, amending, among other instruments, the Tax Code, the Income Tax Law and the Value Added Tax Law. Additionally, in July 2024, Law No. 21,681 was published, which, among other measures, introduced a new Substitute Tax of Final Tax, allowing the distribution of taxable profits at a fixed rate of 12% until 31 January 2025, thereby reducing the fiscal cost of such distributions.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Mexico, the Federal Revenue Law for Fiscal Year 2026 was published in November 2025, limiting the deductibility of contributions paid to the Institute for the Protection of Bank Savings (IPAB) to 25% of their amount and amending the tax treatment of loan loss provisions, bringing them into line with the regime applicable to other entities.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the United States, Law 119-21 ('One, Big, Beautiful Bill Act') was passed in July 2025, introducing significant regulatory changes. Notable among these are the repeal of tax credits linked to electric vehicles as from 1 October 2025 (while preserving those already generated), the elimination of the obligation to capitalise and amortise the costs of in-house software development (which will now be deductible), and the reintroduction of accelerated tax depreciation for investments in certain tangible assets.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Portugal, a gradual reduction of the corporate income tax rate has been approved, falling from 20% in 2025 to 19% in 2026, 18% in 2027 and 17% in 2028 and subsequent years. Including the municipal surtax of up to 1.5% and the state surtax of up to 9%, this results in an aggregate combined rate of 30.50%, 29.50%, 28.50% and 27.50%, respectively.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Poland, one of the most significant changes to the tax framework is the increase in the corporate income tax rate for banks, from 19% to 30% in 2026, followed by a reduction to 26% in 2027 and 23% in 2028 and subsequent years.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Germany, the Tax Investment Programme to Strengthen Germany&#8217;s Economic Base was passed in July. It provides for a gradual annual one-percentage-point reduction in the corporate income tax rate from 2028, falling from the current 15% to 10% by 2032. In Germany, the combined corporate income tax and municipal trade tax rate&#8212;which also applies to business profits&#8212;is currently 32.45% and will decrease to 27.18% by 2032.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">241</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-224"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-6563-10"><div style="margin-bottom:6pt"><span id="icc86d6abde6f48a7b323d558df08bc8f"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:115%">h) Other information </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In compliance with the disclosure requirement established in the listing rules&#160;instrument 2005 published by the UK Financial Conduct Authority, it is hereby stated that shareholders of the Bank resident in the United Kingdom will be entitled to a tax credit for taxes paid abroad in respect of withholdings that the Bank has to pay on the dividends to be paid to such shareholders if the total income of the dividend exceeds the amount of exempt dividends of GBP <ix:nonFraction unitRef="gbp" contextRef="c-2565" decimals="0" name="san:TaxCreditForTaxesPaidAbroadThresholdAmountOfExemptDividends" scale="0" id="f-6883">500</ix:nonFraction> for the year 2025/26 (GBP <ix:nonFraction unitRef="gbp" contextRef="c-2566" decimals="0" name="san:TaxCreditForTaxesPaidAbroadThresholdAmountOfExemptDividends" scale="0" id="f-6884">500</ix:nonFraction> for the year 2024/25). The shareholders of the Bank resident in the United Kingdom who hold their ownership interest in the Bank through Santander Nominee Service will be informed directly of the amount thus withheld and of any other data they may require to complete their tax returns in the United Kingdom. The other shareholders of the Bank resident in the United Kingdom should contact their bank or securities broker.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A., is part of the Large Business Forum and has adhered since 2010 to the Code of Good Tax Practices in Spain. Also Santander UK is a member of the HMRC&#8217;s (His Majesty's Revenue and Customs) Code of Practice on Taxation in the United Kingdom and Santander Portugal has adhered to the Code of Good Tax Practices in Portugal, actively participating in the cooperative compliance programs being developed by these Tax Administrations.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1021"></div><div style="margin-bottom:6pt;margin-top:24pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span id="ic88c97b2be5947399fd1cbf798f17579"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">28. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory" id="f-6885" continuedAt="f-6885-1" escape="true">Non-controlling interests</ix:nonNumeric></span></div><ix:continuation id="f-6885-1" continuedAt="f-6885-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Non-controlling interests include the net amount of the equity of subsidiaries attributable to equity instruments that do not belong, directly or indirectly, to the Bank, including the portion attributed to them of profit for the&#160;year.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1024"></div><ix:continuation id="f-6885-2" continuedAt="f-6885-3"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i02ea9a54c8de4ab78a99b48ffccca763"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfNonControllingInterestComponentsExplanatoryTableTextBlock" id="f-6886" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by Group company, of 'Equity&#160;- Non-controlling interests' is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:59.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.173%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2717" decimals="-6" name="san:NonControllingInterestsExcludingProfitLossAttributableToNonControllingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6887">2,670</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2823" decimals="-6" name="san:NonControllingInterestsExcludingProfitLossAttributableToNonControllingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6888">2,320</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2824" decimals="-6" name="san:NonControllingInterestsExcludingProfitLossAttributableToNonControllingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6889">1,934</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2828" decimals="-6" name="san:NonControllingInterestsExcludingProfitLossAttributableToNonControllingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6893">1,422</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6907">1,107</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2837" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6909">217</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2838" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6910">285</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2842" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6914">184</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2843" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6915">233</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2844" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6916">182</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1630" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6917">604</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1631" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6918">413</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1632" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6919">347</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2845" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6920">68</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2846" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6921">36</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2847" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-6922">58</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6923">9,578</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6924">8,726</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-6925">8,818</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">It included, as of 31 December 2023, perpetual Santander UK plc equity instruments convertible at the option of Santander UK plc into preferred shares of the entity itself amounting EUR <ix:nonFraction unitRef="eur" contextRef="c-2848" decimals="-6" name="ifrs-full:OtherEquityInterest" scale="6" id="f-6926">576</ix:nonFraction>&#160;million. During 2024, the last outstanding issuance held by third parties for GBP <ix:nonFraction unitRef="gbp" contextRef="c-2849" decimals="-6" name="ifrs-full:OtherEquityInterest" scale="6" id="f-6927">500</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2849" decimals="-6" name="ifrs-full:OtherEquityInterest" scale="6" id="f-6928">590</ix:nonFraction>&#160;million) was redeemed.</span></div></ix:nonNumeric></ix:continuation><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">242</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-225"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-6885-3" continuedAt="f-6885-4"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i6c8562a07d4344eaa0bfcc6ba4bcf4fa"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfNonControllingInterestChangesExplanatoryTableTextBlock" id="f-6929" escape="true"><div style="margin-bottom:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Non-controlling interests are summarised as follows:</span></div><div style="margin-bottom:2pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:57.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.791%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 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same year, which are recognised in the income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amounts transferred to initial carrying amount of hedged items: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the initial carrying amount of assets or liabilities as a result of cash flow hedges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other reclassifications: includes the amount of the transfers made in the year between the different 'Other comprehensive income' items.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">243</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-226"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6981-3" continuedAt="f-6981-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i37ce6061130a4953b42677c344ab40f3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown of Other comprehensive income - Items that will not be reclassified in results and Items that can be classified in results</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherComprehensiveIncomeComponentsTableTextBlock" id="f-6982" escape="true"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.504%"><tr><td style="width:1.0%"/><td style="width:69.916%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.611%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.459%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.614%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:AccumulatedOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-6983">37,974</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:AccumulatedOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-6984">36,595</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:AccumulatedOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-6985">35,020</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-6986">4,121</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-6987">4,757</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-6988">5,212</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains and losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6989">3,896</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6990">4,404</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans" format="ixt:num-dot-decimal" scale="6" id="f-6991">4,324</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:OtherReservesNonCurrentAssetsHeldForSaleNotReclassifiedToProfitOrLoss" scale="6" id="f-6992">56</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherReservesNonCurrentAssetsHeldForSaleNotReclassifiedToProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-6993">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherReservesNonCurrentAssetsHeldForSaleNotReclassifiedToProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-6994">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:AmountRecognisedInOtherComprehensiveIncomeAndAccumulatedInEquityRelatingToInvestmentsInAssociatedEntities" scale="6" id="f-6995">1</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:AmountRecognisedInOtherComprehensiveIncomeAndAccumulatedInEquityRelatingToInvestmentsInAssociatedEntities" scale="6" id="f-6996">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:AmountRecognisedInOtherComprehensiveIncomeAndAccumulatedInEquityRelatingToInvestmentsInAssociatedEntities" scale="6" id="f-6997">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other valuation adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:OtherValuationAdjustmentsNotReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-6998">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherValuationAdjustmentsNotReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-6999">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherValuationAdjustmentsNotReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-7000">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7001">250</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7002">432</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7003">776</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:HedgeIneffectivenessMeasuredAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-7004">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:HedgeIneffectivenessMeasuredAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-7005">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:HedgeIneffectivenessMeasuredAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-7006">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem" scale="6" id="f-7007">208</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem" scale="6" id="f-7008">284</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem" scale="6" id="f-7009">264</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" scale="6" id="f-7010">208</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" scale="6" id="f-7011">284</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" scale="6" id="f-7012">264</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-7013">32</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-7014">80</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-7015">113</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7016">33,853</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7017">31,838</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7018">29,808</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (Effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:num-dot-decimal" scale="6" id="f-7019">7,343</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:num-dot-decimal" scale="6" id="f-7020">8,002</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:num-dot-decimal" scale="6" id="f-7021">8,684</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7022">25,475</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7023">22,375</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7024">19,510</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives. Cash flow hedges (Effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:ReserveOfCashFlowHedges" scale="6" id="f-7025">333</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:ReserveOfCashFlowHedges" scale="6" id="f-7026">298</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:ReserveOfCashFlowHedges" scale="6" id="f-7027">740</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" 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name="ifrs-full:ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7029">736</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7030">555</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" format="ixt:fixed-zero" scale="6" id="f-7032">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherReservesOtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" format="ixt:fixed-zero" scale="6" id="f-7033">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets classified as held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-7034">590</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-7035">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-7036">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:AmountRecognisedInOtherComprehensiveIncomeAndSubjectToReclassificationToProfitOrLossRelatingToInvestmentsInAssociatedEntities" scale="6" id="f-7037">395</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:AmountRecognisedInOtherComprehensiveIncomeAndSubjectToReclassificationToProfitOrLossRelatingToInvestmentsInAssociatedEntities" scale="6" id="f-7038">427</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:AmountRecognisedInOtherComprehensiveIncomeAndSubjectToReclassificationToProfitOrLossRelatingToInvestmentsInAssociatedEntities" scale="6" id="f-7039">319</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net amount of taxes and minorities</span></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i85def64fdd5244ef832565bedcad1013"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Other comprehensive income- Items not reclassified to profit or loss &#8211; Actuarial gains or (-) losses on defined benefit pension plans </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Other comprehensive income&#160; &#8212;Items not reclassified to profit or loss&#8212;&#160; Actuarial gains or (-) losses on defined benefit pension plans' include the actuarial gains and losses and the return on plan assets, less the administrative expenses and taxes inherent to the plan, and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset), attributed to the group net of taxes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the amount of actuarial losses (net of actuarial gains) recognized in the consolidated statement of recognised income was EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-7040">73</ix:nonFraction> million, which corresponds to:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In first place, due to the addition against equity of 2025 amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:IncreaseDecreaseThroughChangesInValueRecognizedInEquityProvisions" scale="6" id="f-7041">220</ix:nonFraction> million - see note&#160;25.b&#160;-, with the following breakdown:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Increase of EUR <ix:nonFraction unitRef="eur" contextRef="c-2565" decimals="-6" sign="-" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" scale="6" id="f-7042">117</ix:nonFraction> million in the cumulative actuarial losses relating to the Group&#180;s businesses in the UK, mainly due to the evolution of the asset portfolio. These losses have been partially offset by the evolution experienced in the discount rate-increase from <ix:nonFraction unitRef="number" contextRef="c-2569" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-7043">5.54</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-2568" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-7044">5.58</ix:nonFraction>%- in long-term inflation -decrease from <ix:nonFraction unitRef="number" contextRef="c-2569" decimals="4" name="ifrs-full:OtherMaterialActuarialAssumptions" scale="-2" id="f-7045">3.11</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-2568" decimals="4" name="ifrs-full:OtherMaterialActuarialAssumptions" scale="-2" id="f-7046">2.90</ix:nonFraction>%- and in other demographic hypotheses.</span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Increase of EUR <ix:nonFraction unitRef="eur" contextRef="c-2729" decimals="-6" sign="-" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" scale="6" id="f-7047">116</ix:nonFraction> million in accumulated actuarial losses corresponding to the Group&#8217;s business in Brazil, mainly due to  the collective experience and the evolution of the asset portfolio. These losses have been partially offset by the evolution experienced by the discount rate -increase from <ix:nonFraction unitRef="number" contextRef="c-2869" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-7048">10.58</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-2610" decimals="4" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfPensionIncreases" scale="-2" id="f-7049">10.65</ix:nonFraction>% in the main pension benefits and <ix:nonFraction unitRef="number" contextRef="c-2869" decimals="4" name="ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates" scale="-2" id="f-7050">10.50</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-2610" decimals="4" name="ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates" scale="-2" id="f-7051">10.52</ix:nonFraction>% in medical benefits-.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Decrease of EUR <ix:nonFraction unitRef="eur" contextRef="c-2505" decimals="-6" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" scale="6" id="f-7052">33</ix:nonFraction> million in the accumulates actuarial losses relating to the Group&#180;s entities in Spain, mainly due to the evolution experienced by the discount rate -increase from <ix:nonFraction unitRef="number" contextRef="c-2491" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-7053">3.00</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-307" decimals="4" name="ifrs-full:ActuarialAssumptionOfDiscountRates" scale="-2" id="f-7054">3.75</ix:nonFraction>%-.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Increase of EUR <ix:nonFraction unitRef="eur" contextRef="c-2870" decimals="-6" sign="-" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" scale="6" id="f-7055">20</ix:nonFraction> million in the accumulated actuarial losses corresponding to the Group's businesses in other geographical areas.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In second place, due to the evolution of exchange rates, a EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromMiscellaneousOtherChanges" scale="6" id="f-7056">147</ix:nonFraction> million decrease.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">244</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-227"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6981-4" continuedAt="f-6981-5"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4b537130286940c58c0e2f4aad091974"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Other comprehensive income - Items that will not be reclassified in results - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since the entry into force of IFRS 9, no impairment analysis is performed of equity instruments recognised under 'Other comprehensive income'. IFRS 9 eliminates the need to carry out the impairment estimate on this class of equity instruments and the reclassification to profit and loss on the disposal of these assets, being recognised at fair value with changes in equity.</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherComprehensiveIncomeChangesInFairValueThatWillNotBeReclassifiedToProfitOrLossTableTextBlock" id="f-7057" continuedAt="f-7057-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is a breakdown of the composition of the balance as of 31 December 2025, 2024 and 2023 under 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result' depending on the geographical origin of the issuer:</span></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><ix:continuation id="f-7057-1" continuedAt="f-7057-2"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:29.257%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.310%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.310%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.310%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.313%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2871" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7058">47</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2871" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" scale="6" id="f-7059">1326</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2871" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" format="ixt:num-dot-decimal" scale="6" id="f-7060">1,279</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2871" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7061">133</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2872" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7062">75</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2872" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" scale="6" id="f-7063">81</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2872" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7064">6</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2872" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7065">186</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2873" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7066">23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7094">22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2879" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" format="ixt:fixed-zero" scale="6" id="f-7095">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2879" decimals="-6" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7096">22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2879" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7097">24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2880" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7098">775</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2880" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" format="ixt:fixed-zero" scale="6" id="f-7099">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2880" decimals="-6" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7100">775</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2880" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7101">1,753</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-9" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7102">967</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-9" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" format="ixt:num-dot-decimal" scale="6" id="f-7103">1,399</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-9" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7104">432</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-9" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7105">2,193</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2881" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7106">779</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2881" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" scale="6" id="f-7107">51</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2881" decimals="-6" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7108">728</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2881" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7109">1,780</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2882" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7110">188</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2882" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" format="ixt:num-dot-decimal" scale="6" id="f-7111">1,348</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2882" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" format="ixt:num-dot-decimal" scale="6" id="f-7112">1,160</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2882" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7113">413</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">245</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-228"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6981-5" continuedAt="f-6981-6"><ix:continuation id="f-7057-2"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:29.257%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.310%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.310%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.310%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.313%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td 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name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7133">1,761</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2887" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7134">316</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2887" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" scale="6" id="f-7135">118</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2887" decimals="-6" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7136">198</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2887" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7137">1,225</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2888" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" scale="6" id="f-7138">219</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2888" decimals="-6" name="san:ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" format="ixt:num-dot-decimal" scale="6" id="f-7139">1,193</ix:nonFraction>)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2888" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" scale="6" id="f-7140">974</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2888" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7141">536</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="idcd264dac29b45429a3deab37d601ee3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Other comprehensive income - Items that may be reclassified to profit or loss - Hedge of net investments in foreign operations (effective portion) and exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The change in 2025 reflects the depreciation of the US dollar, pound sterling, Argentine peso, Chilean peso and Brazilian real and the positive effect of the appreciation of the Mexican peso, whereas the change in 2024 reflected the positive effect of the appreciation of pound sterling, the US dollar and Polish zloty and the negative effect of the depreciation of the Brazilian real, Argentine peso, Mexican peso and Chilean peso. The change in 2023 reflected  the positive effect of the appreciation of the Brazilian real, pound sterling, Polish zloty and the Mexican peso and the negative effect of the depreciation of the US dollar, Argentine peso and Chilean peso.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Of the change in the balance in these years, a </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%">loss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of EUR <ix:nonFraction unitRef="eur" contextRef="c-2889" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7142">287</ix:nonFraction> million, a loss of EUR <ix:nonFraction unitRef="eur" contextRef="c-2890" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7143">568</ix:nonFraction> million and a profit of EUR <ix:nonFraction unitRef="eur" contextRef="c-2891" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7144">249</ix:nonFraction> million in 2025, 2024 and 2023, respectively relate to the measurement of goodwill.</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherComprehensiveIncomeExchangeDifferencesInForeignOperationsThatMayBeReclassifiedToProfitOrLossTableTextBlock" id="f-7145" continuedAt="f-7145-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by country is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:42.109%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.729%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net balance at end of&#160;year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7146">32,818</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7147">30,377</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7148">28,194</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-282" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7149">19,412</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-283" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7150">19,293</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-284" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7151">16,340</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-279" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7152">4,137</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-280" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7153">3,995</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-281" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7154">2,942</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-276" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7155">4,125</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-277" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7156">3,444</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-278" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7157">3,964</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-273" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7158">2,926</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-274" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7159">2,857</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-275" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7160">2,531</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-288" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7161">2,217</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-289" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7162">2,090</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-290" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7163">2,655</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-285" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" scale="6" id="f-7164">43</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-286" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" scale="6" id="f-7165">709</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-287" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" scale="6" id="f-7166">786</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-270" decimals="-6" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7167">1,047</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-271" decimals="-6" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7168">2,923</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-272" decimals="-6" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7169">1,819</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2148" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7170">1,005</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2149" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" scale="6" id="f-7171">912</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2150" decimals="-6" sign="-" name="san:ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" scale="6" id="f-7172">795</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">246</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-229"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7145-1"><ix:continuation id="f-6981-6" continuedAt="f-6981-7"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown of translation differences by currency is as follows</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:18.929%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.324%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.324%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.324%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.324%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.324%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.324%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.327%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From transfers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2892" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7173">16,664</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2893" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7174">16,755</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2894" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7175">91</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2894" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7176">13</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2894" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7177">41</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2894" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7178">37</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2894" decimals="-6" name="san:ForeignExchangeGainLossTransfers" format="ixt:fixed-zero" scale="6" id="f-7179">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2895" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7180">3,300</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2896" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7181">4,126</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2897" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7182">826</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2897" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7183">48</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2897" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7184">18</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2897" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7185">760</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2897" decimals="-6" name="san:ForeignExchangeGainLossTransfers" format="ixt:fixed-zero" scale="6" id="f-7186">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2898" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7187">1,437</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2899" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7188">1,222</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2900" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7189">215</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2900" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7190">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2900" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7191">40</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2900" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7192">164</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2900" decimals="-6" name="san:ForeignExchangeGainLossTransfers" format="ixt:fixed-zero" scale="6" id="f-7193">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2901" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7194">2,090</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2902" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7195">2,216</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2903" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7196">126</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2903" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" format="ixt:fixed-zero" scale="6" id="f-7197">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2903" decimals="-6" name="san:ForeignExchangeGainLossResults" format="ixt:fixed-zero" scale="6" id="f-7198">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2903" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7199">126</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2903" decimals="-6" name="san:ForeignExchangeGainLossTransfers" format="ixt:fixed-zero" scale="6" id="f-7200">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2904" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7201">2,180</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2905" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7202">2,249</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2906" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7203">69</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2906" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7204">12</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2906" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7205">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2906" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7206">66</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2906" decimals="-6" name="san:ForeignExchangeGainLossTransfers" format="ixt:fixed-zero" scale="6" id="f-7207">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2907" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7208">4,462</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2908" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7209">2,340</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2909" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7210">2,122</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2909" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7211">225</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2909" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7212">48</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2909" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" format="ixt:num-dot-decimal" scale="6" id="f-7213">1,849</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2909" decimals="-6" name="san:ForeignExchangeGainLossTransfers" format="ixt:fixed-zero" scale="6" id="f-7214">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2910" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7215">202</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2911" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7216">18</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2912" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7217">220</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2912" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7218">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2912" decimals="-6" name="san:ForeignExchangeGainLossResults" format="ixt:fixed-zero" scale="6" id="f-7219">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2912" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7220">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2912" decimals="-6" name="san:ForeignExchangeGainLossTransfers" scale="6" id="f-7221">215</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2913" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7222">964</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2914" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7223">1,265</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2915" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7224">301</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2915" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7225">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2915" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7226">6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2915" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7227">306</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2915" decimals="-6" name="san:ForeignExchangeGainLossTransfers" format="ixt:fixed-zero" scale="6" id="f-7228">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2916" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7229">22,375</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2917" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7230">25,475</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2918" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7231">3,100</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2918" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7232">287</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2918" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7233">52</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2918" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" format="ixt:num-dot-decimal" scale="6" id="f-7234">2,976</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2918" decimals="-6" name="san:ForeignExchangeGainLossTransfers" scale="6" id="f-7235">215</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">It includes the accumulated exchange differences of Santander Polska transferred to the heading 'Other comprehensive income - Items that may be reclassified to profit or loss - Non-current assets held for sale' (see Note 12).</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.532%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2919" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7236">13,287</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2892" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7237">16,664</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2920" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7238">3,377</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2920" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7239">631</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2920" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7240">206</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2920" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" format="ixt:num-dot-decimal" scale="6" id="f-7241">2,540</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2921" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7242">4,064</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2895" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7243">3,300</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2922" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7244">764</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2922" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7245">39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2922" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7246">22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2922" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7247">703</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2923" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7248">64</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2898" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7249">1,437</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2924" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7250">1,373</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2924" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7251">82</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2924" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7252">136</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2924" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" format="ixt:num-dot-decimal" scale="6" id="f-7253">1,155</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2901" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7255">2,090</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2926" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7256">568</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2926" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" format="ixt:fixed-zero" scale="6" id="f-7257">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2926" decimals="-6" name="san:ForeignExchangeGainLossResults" format="ixt:fixed-zero" scale="6" id="f-7258">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2926" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7259">568</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2927" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7260">1,890</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2904" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7261">2,180</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2928" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7262">290</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2928" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7263">34</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2928" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7264">7</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2928" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7265">249</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2929" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7266">3,433</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2907" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7267">4,462</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2930" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7268">1,029</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2930" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7269">116</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2930" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7270">35</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2930" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7271">878</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2931" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7272">325</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2910" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7273">202</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2932" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7274">123</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2932" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7275">34</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2932" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7276">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2932" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7277">84</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2933" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7278">655</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2913" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7279">964</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2934" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7280">309</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2934" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7281">10</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2934" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7282">8</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2934" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7283">291</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2935" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7284">19,510</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2916" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7285">22,375</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2936" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7286">2,865</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2936" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7287">568</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2936" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7288">295</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2936" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" format="ixt:num-dot-decimal" scale="6" id="f-7289">2,002</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="text-indent:3.82pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.532%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2937" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7290">14,199</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2919" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7291">13,287</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2938" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7292">912</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2938" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7293">191</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2938" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7294">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2938" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7295">710</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2939" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7296">4,446</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2921" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7297">4,064</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2940" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7298">382</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2940" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7299">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2940" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7300">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2940" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7301">358</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2941" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7302">1,132</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2923" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7303">64</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2942" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" format="ixt:num-dot-decimal" scale="6" id="f-7304">1,068</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2942" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7305">62</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2942" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7306">41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt 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contextRef="c-2943" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7308">1,754</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2925" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7309">2,658</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2944" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7310">904</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2944" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7311">4</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2944" decimals="-6" name="san:ForeignExchangeGainLossResults" format="ixt:fixed-zero" scale="6" id="f-7312">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2944" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7313">900</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2945" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7314">1,605</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2927" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7315">1,890</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2946" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7316">285</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2947" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7320">4,062</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2929" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7321">3,433</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2948" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7322">629</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2948" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7323">64</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2948" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7324">16</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2948" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7325">549</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2949" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7326">776</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2931" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7327">325</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2950" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7328">451</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2950" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7329">87</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2950" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7330">32</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2950" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7331">332</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2951" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7332">570</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2933" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7333">655</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2952" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7334">85</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2952" decimals="-6" sign="-" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7335">11</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2952" decimals="-6" sign="-" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7336">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2952" decimals="-6" sign="-" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7337">73</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2953" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7338">20,420</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2935" decimals="-6" sign="-" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" format="ixt:num-dot-decimal" scale="6" id="f-7339">19,510</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2954" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-7340">910</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2954" decimals="-6" name="san:ForeignExchangeGainLossGoodwill" scale="6" id="f-7341">249</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2954" decimals="-6" name="san:ForeignExchangeGainLossResults" scale="6" id="f-7342">37</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2954" decimals="-6" name="san:ForeignExchangeGainLossNetAssets" scale="6" id="f-7343">624</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div></ix:continuation></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">247</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-230"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-6981-7" continuedAt="f-6981-8"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i10bcda0f0bc34fe6a2b866d48d971ea4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Other comprehensive income -Items that may be reclassified to profit or loss - Hedging derivatives &#8211; Cash flow hedges (Effective portion)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other comprehensive income &#8211; Items that may be reclassified to profit or loss - Cash flow hedges includes the gains or losses attributable to hedging instruments that qualify as effective hedges. These amounts will remain under this heading until they are recognised in the consolidated income statement in the periods in which the hedged items affect it.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i23701e5b6856478e9bf19acfff93b2ca"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) Other comprehensive income - Items that may be reclassified to profit or loss &#8211; Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Includes the net amount of unrealised changes in the fair value of assets classified as Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (see note 7).</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherComprehensiveIncomeByInstrumentAndGeographicOriginThatMayBeReclassifiedToProfitOrLossTableTextBlock" id="f-7344" continuedAt="f-7344-1" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown, by type of instrument and geographical origin of the issuer, of 'Other comprehensive income &#8211; Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income' at 31 December 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:35.398%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.777%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7347">118</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2955" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7348">10,142</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2956" decimals="-6" name="san:ReserveOfLossesOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" scale="6" id="f-7350">36</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2956" decimals="-6" name="ifrs-full:ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7351">173</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7356">31,685</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span 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scale="6" id="f-7364">6,445</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2960" decimals="-6" name="san:ReserveOfGainsOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" scale="6" id="f-7365">40</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2960" decimals="-6" name="san:ReserveOfLossesOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" scale="6" id="f-7366">273</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2960" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7367">233</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2960" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7368">5,458</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt 0 7.75pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2961" decimals="-6" name="san:ReserveOfGainsOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" scale="6" id="f-7369">533</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2961" decimals="-6" name="san:ReserveOfLossesOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" scale="6" id="f-7370">905</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2961" decimals="-6" sign="-" name="ifrs-full:ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-7371">372</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2961" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-7372">72,331</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">248</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-231"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7344-1"><ix:continuation id="f-6981-8" continuedAt="f-6981-9"><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:35.804%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.673%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.673%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.673%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.677%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:35.804%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.673%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.673%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.673%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.677%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-6981-9"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group estimates the expected losses on debt instruments measured at fair value with changes in other comprehensive income. These losses are recorded with a charge to the consolidated income statement for the period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of the year 2025, the Group recorded a provision of EUR <ix:nonFraction unitRef="eur" contextRef="c-88" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" scale="6" id="f-7429">29</ix:nonFraction> million under the heading 'Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss'. In 2024, the Group did not record any provision in this regard and at the end of the year 2023, the Group recorded EUR <ix:nonFraction unitRef="eur" contextRef="c-90" decimals="-6" name="ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9" scale="6" id="f-7430">24</ix:nonFraction> million.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9db315e67156459588dfd4ccaa24501a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) Other comprehensive income - Items that may be reclassified to profit or loss and Items not reclassified to profit or loss - Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the heading includes a negative amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-2976" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7431">394</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-2977" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7432">428</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-2978" decimals="-6" name="ifrs-full:ReserveOfExchangeDifferencesOnTranslation" scale="6" id="f-7433">318</ix:nonFraction>&#160;million in 2024 and 2023, respectively). Of the variation in the balance of said years, a gain of EUR <ix:nonFraction unitRef="eur" contextRef="c-2979" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" scale="6" id="f-7434">17</ix:nonFraction>&#160;million, EUR <ix:nonFraction unitRef="eur" contextRef="c-2980" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" scale="6" id="f-7435">45</ix:nonFraction>&#160;million EUR <ix:nonFraction unitRef="eur" contextRef="c-2981" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" scale="6" id="f-7436">44</ix:nonFraction>&#160;million and has been transferred to results in the years 2025, 2024 and 2023, respectively.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1033"></div><div style="margin-bottom:6pt"><span id="ia47f2358f7044953a2df1fab9c5a0cd4"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">30. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfShareholdersEquityTextBlock" id="f-7437" continuedAt="f-7437-1" escape="true">Shareholders' equity</ix:nonNumeric></span></div><ix:continuation id="f-7437-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Shareholders' equity are presented in the consolidated statement of changes in total equity. Significant information on certain items of Shareholders' equity and the changes during the year are set forth below.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1036"></div><div style="margin-bottom:6pt;margin-top:18pt"><span id="i6e8c1dd30944485eaeacc6f6963e10ef"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">31. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfIssuedCapitalExplanatory" id="f-7438" continuedAt="f-7438-1" escape="true">Issued capital</ix:nonNumeric></span></div><ix:continuation id="f-7438-1" continuedAt="f-7438-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="iac504a2974224a0bbd9b97675ddc1492"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2022, Banco Santander's share capital consisted of EUR <ix:nonFraction unitRef="eur" contextRef="c-241" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-7439">8,397</ix:nonFraction>&#160;million, represented by <ix:nonFraction unitRef="shares" contextRef="c-241" decimals="0" name="ifrs-full:NumberOfSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-7440">16,794,401,584</ix:nonFraction> shares of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-241" decimals="2" name="ifrs-full:ParValuePerShare" scale="0" id="f-7441">0.50</ix:nonFraction> of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 March 2023, there was a capital reduction amounting EUR <ix:nonFraction unitRef="eur" contextRef="c-2982" decimals="INF" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="0" id="f-7442">170,203,286</ix:nonFraction> through the redemption of <ix:nonFraction unitRef="shares" contextRef="c-2982" decimals="0" name="san:RedemptionOfTreasurySharesShares" format="ixt:num-dot-decimal" scale="0" id="f-7443">340,406,572</ix:nonFraction> shares, corresponding to the share buyback programme carried out in 2022 and ended in January 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, on 30 June 2023, there was a capital reduction of EUR <ix:nonFraction unitRef="eur" contextRef="c-2983" decimals="INF" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="0" id="f-7444">134,924,476.50</ix:nonFraction> through the redemption of <ix:nonFraction unitRef="shares" contextRef="c-2983" decimals="0" name="san:RedemptionOfTreasurySharesShares" format="ixt:num-dot-decimal" scale="0" id="f-7445">269,848,953</ix:nonFraction> shares, corresponding to the share buyback programme during the first half of 2023.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">249</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-232"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-7438-2" continuedAt="f-7438-3"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, Banco Santander's share capital at 31 December 2023 consisted of EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-7446">8,092</ix:nonFraction>&#160;million, represented by <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="0" name="ifrs-full:NumberOfSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-7447">16,184,146,059</ix:nonFraction> shares of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-4" decimals="2" name="ifrs-full:ParValuePerShare" scale="0" id="f-7448">0.50</ix:nonFraction> of nominal value each and all of them of a unique class and series; including <ix:nonFraction unitRef="shares" contextRef="c-2984" decimals="0" name="san:PurchaseOfTreasurySharesNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-7449">286,842,316</ix:nonFraction> shares corresponding to the first buyback programme of 2023 (see note 1.g.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 5 February 2024, a capital reduction of EUR<ix:nonFraction unitRef="eur" contextRef="c-2985" decimals="INF" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="0" id="f-7450">179,283,743.50</ix:nonFraction> took place through the redemption of <ix:nonFraction unitRef="shares" contextRef="c-2985" decimals="0" name="san:RedemptionOfTreasurySharesShares" format="ixt:num-dot-decimal" scale="0" id="f-7451">358,567,487</ix:nonFraction> shares, corresponding to the share buyback programme carried out in 2023 and ended in January 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 July 2024, a capital reduction of EUR <ix:nonFraction unitRef="eur" contextRef="c-2986" decimals="INF" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="0" id="f-7452">165,652,500</ix:nonFraction> took place through the redemption of <ix:nonFraction unitRef="shares" contextRef="c-2986" decimals="0" name="san:RedemptionOfTreasurySharesShares" format="ixt:num-dot-decimal" scale="0" id="f-7453">331,305,000</ix:nonFraction> shares, corresponding to he share buyback programme carried out between February and June 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 December 2024, a capital reduction of EUR <ix:nonFraction unitRef="eur" contextRef="c-2987" decimals="INF" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="0" id="f-7454">170,890,625</ix:nonFraction>  took place through the redemption of <ix:nonFraction unitRef="shares" contextRef="c-2987" decimals="0" name="san:RedemptionOfTreasurySharesShares" format="ixt:num-dot-decimal" scale="0" id="f-7455">341,781,250</ix:nonFraction> shares, corresponding to he share buyback programme carried out during the second semester of 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, Banco Santander's share capital at 31 December 2024 consisted of EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-7456">7,576</ix:nonFraction> million, represented by <ix:nonFraction unitRef="shares" contextRef="c-3" decimals="0" name="ifrs-full:NumberOfSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-7457">15,152,492,322</ix:nonFraction> shares of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-3" decimals="2" name="ifrs-full:ParValuePerShare" scale="0" id="f-7458">0.50</ix:nonFraction> of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 3 June 2025, there was a capital reduction amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-2988" decimals="INF" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="0" id="f-7459">133,583,475</ix:nonFraction> through the redemption of <ix:nonFraction unitRef="shares" contextRef="c-2988" decimals="0" name="san:RedemptionOfTreasurySharesShares" format="ixt:num-dot-decimal" scale="0" id="f-7460">267,166,950</ix:nonFraction> shares, corresponding to the share buyback programme carried out between February and June 2025.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 23 December 2025, a capital reduction of EUR </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:nonFraction unitRef="eur" contextRef="c-2989" decimals="INF" name="ifrs-full:ReductionOfIssuedCapital" format="ixt:num-dot-decimal" scale="0" id="f-7461">98,002,935</ix:nonFraction> took place through the redemption of <ix:nonFraction unitRef="shares" contextRef="c-2989" decimals="0" name="san:RedemptionOfTreasurySharesShares" format="ixt:num-dot-decimal" scale="0" id="f-7462">196,005,870</ix:nonFraction> shares, corresponding to the share buyback programme carried out during the second semester of 2025. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Aforementioned operations have not entailed the return of contributions to the shareholders as Banco Santander was the owner of the redeemed shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, Banco Santander's share capital at 31 December 2025 consisted of EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-7463">7,345</ix:nonFraction>&#160;million, represented by <ix:nonFraction unitRef="shares" contextRef="c-2" decimals="0" name="ifrs-full:NumberOfSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-7464">14,689,319,502</ix:nonFraction> shares of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-2" decimals="2" name="ifrs-full:ParValuePerShare" scale="0" id="f-7465">0.50</ix:nonFraction> of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander&#8217;s shares are listed on the Spanish Stock Market Interconnection System and on the New York, London, Mexico and Warsaw Stock Exchanges, and all of them have the same features and rights. Santander shares are listed on the London Stock Exchange under Crest Depository Interest (CDI), each CDI representing <ix:nonFraction unitRef="shares" contextRef="c-2" decimals="INF" name="san:CrestDepositaryInterestShareEquivalent" format="ixt-sec:numwordsen" scale="0" id="f-7466">one</ix:nonFraction> Bank&#8217;s share. They are also listed on the New York Stock Exchange under American Depositary Shares (ADS), each ADS representing <ix:nonFraction unitRef="shares" contextRef="c-2" decimals="INF" name="san:AmericanDepositaryReceiptShareEquivalent" format="ixt-sec:numwordsen" scale="0" id="f-7467">one</ix:nonFraction> share. Additionally, Banco Santander's shares were listed on the traditional listing of the Mexican Stock Exchange (BMV) and since 29 December 2023, they were listed only in the International Quotation System of said stock exchange.</span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-7438-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, no Banco Santander shareholder individually held more than <ix:nonFraction unitRef="number" contextRef="c-2" decimals="2" name="san:PercentageOfEquityInterestsHeldBySignificantShareholdersMinimumThreshold" scale="-2" id="f-7468">3</ix:nonFraction>% of its total share capital (which is the threshold generally provided for in Spanish regulations for mandatory notification of a significant participation in a listed company). Even though at 31 December 2025, certain custodians appeared in our shareholder registry as holding more than <ix:nonFraction unitRef="number" contextRef="c-2" decimals="2" name="san:PercentageOfEquityInterestsHeldBySignificantShareholdersMinimumThreshold" scale="-2" id="f-7469">3</ix:nonFraction>% of our share capital, we understand that those shares were held in custody on behalf of other investors, none of whom exceeded that threshold individually. These custodians were </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">State Street Bank (<ix:nonFraction unitRef="number" contextRef="c-2990" decimals="4" name="san:PercentageOfEquityInterestsHeldBySignificantShareholders" scale="-2" id="f-7470">13.90</ix:nonFraction>%),  Chase Nominees Limited (<ix:nonFraction unitRef="number" contextRef="c-2991" decimals="4" name="san:PercentageOfEquityInterestsHeldBySignificantShareholders" scale="-2" id="f-7471">7.50</ix:nonFraction>%), The Bank of New York Mellon Corporation (<ix:nonFraction unitRef="number" contextRef="c-2992" decimals="4" name="san:PercentageOfEquityInterestsHeldBySignificantShareholders" scale="-2" id="f-7472">7.18</ix:nonFraction>%),Citibank (<ix:nonFraction unitRef="number" contextRef="c-2993" decimals="4" name="san:PercentageOfEquityInterestsHeldBySignificantShareholders" scale="-2" id="f-7473">6.40</ix:nonFraction>%), BNP Paribas (<ix:nonFraction unitRef="number" contextRef="c-2994" decimals="4" name="san:PercentageOfEquityInterestsHeldBySignificantShareholders" scale="-2" id="f-7474">3.74</ix:nonFraction>%), Caceis Bank (<ix:nonFraction unitRef="number" contextRef="c-2995" decimals="4" name="san:PercentageOfEquityInterestsHeldBySignificantShareholders" scale="-2" id="f-7475">3.57</ix:nonFraction>%) y The Northern Trust (<ix:nonFraction unitRef="number" contextRef="c-2996" decimals="4" name="san:PercentageOfEquityInterestsHeldBySignificantShareholders" scale="-2" id="f-7476">3.06</ix:nonFraction>%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, neither Banco Santander's shareholder registry nor the CNMV's registry showed any shareholder residing in a non-cooperative jurisdiction with a shareholding equal to, or greater than, <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:PercentageOfEquityInterestsHeldByASingleShareholderResidingInTaxHavenMinimumThreshold" scale="-2" id="f-7477">1</ix:nonFraction>% of our share capital (which is the other threshold applicable under Spanish regulations).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia3a2f5dabb7345cb80478f061b04a707"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">b) Other considerations</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Spanish law, only shareholders at the general meeting have the authority to increase share capital. However, they may delegate the authority to approve or execute capital increases to the board of directors. Banco Santander&#180;s Bylaws are fully aligned with Spanish law and do not establish any different conditions for share capital increases.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the shares of the following companies were listed on official stock mark</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ets: Banco Santander - Chile; Banco Santander (Brasil) S.A. and Santander Bank Polska S.A. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 Decemb</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">er 2025 the number of Banco Santander shares owned by third parties and managed by Group management companies (mainly portfolio, collective investment undertaking and pension fund managers) or jointly managed was <ix:nonFraction unitRef="shares" contextRef="c-2" decimals="-6" name="san:NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies" scale="6" id="f-7478">33</ix:nonFraction> million shares, which represented <ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital" scale="-2" id="f-7479">0.22</ix:nonFraction>% of Banco Santander&#8217;s share capital (<ix:nonFraction unitRef="shares" contextRef="c-3" decimals="-6" name="san:NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies" scale="6" id="f-7480">40</ix:nonFraction> and <ix:nonFraction unitRef="shares" contextRef="c-4" decimals="-6" name="san:NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies" scale="6" id="f-7481">36</ix:nonFraction>&#160;million shares, representing <ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="san:SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital" scale="-2" id="f-7482">0.26</ix:nonFraction>% and <ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="san:SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital" scale="-2" id="f-7483">0.22</ix:nonFraction>% of the share capital in 2024 and 2023, respectively). In addition, the number of Banco Santander shares owned by third parties and received as security was <ix:nonFraction unitRef="shares" contextRef="c-2" decimals="-6" name="san:NumberOfSharesOwnedByThirdPartiesReceivedAsSecurity" scale="6" id="f-7484">28</ix:nonFraction>&#160;million shares (equal to <ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:SharesOwnedByThirdPartiesReceivedAsSecurityAsPercentageOfTotalShareCapital" scale="-2" id="f-7485">0.19</ix:nonFraction>% of the Bank&#8217;s share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the capital increases in progress at Group companies and the additional capital authorised by their shareholders at the respective general meetings were not material at Group level (see appendix V)</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1039"></div><div style="margin-bottom:6pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">250</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-233"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="ifd4a4d662c27486ca04b4557f335a76d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">32. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfSharePremiumTextBlock" id="f-7486" continuedAt="f-7486-1" escape="true">Share premium </ix:nonNumeric></span></div><ix:continuation id="f-7486-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Share premium includes the amount paid up by the Bank&#8217;s shareholders in capital issues in excess of the par value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Corporate Enterprises Act expressly permits the use of the share premium account balance to increase capital at the entities at which it is recognised and does not establish any specific restrictions as to its use.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The change in the balance of share premium corresponds to the capital reductions detailed in note 31.a).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The decreased produced in 2023 by an amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:IncreaseDecreaseInNetIssuePremium" format="ixt:num-dot-decimal" scale="6" id="f-7487">1,595</ix:nonFraction>&#160;million was the consequence of the difference between the purchase value of the redeemed shares (EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:RedemptionOfTreasurySharesPurchaseValue" format="ixt:num-dot-decimal" scale="6" id="f-7488">1,900</ix:nonFraction>&#160;million) and the par value of said shares (EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:RedemptionOfTreasurySharesParValue" scale="6" id="f-7489">305</ix:nonFraction>&#160;million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The decrease produced in 2024 by an amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:IncreaseDecreaseInNetIssuePremium" format="ixt:num-dot-decimal" scale="6" id="f-7490">3,778</ix:nonFraction>&#160;million was the consequence of the difference between the purchase value of the redeemed shares (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:RedemptionOfTreasurySharesPurchaseValue" format="ixt:num-dot-decimal" scale="6" id="f-7491">4,294</ix:nonFraction>&#160;million) and the par value of said shares (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:RedemptionOfTreasurySharesParValue" scale="6" id="f-7492">516</ix:nonFraction>&#160;million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The decrease produced in 2025 by an amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:IncreaseDecreaseInNetIssuePremium" format="ixt:num-dot-decimal" scale="6" id="f-7493">3,055</ix:nonFraction>&#160;million has been the consequence of the difference between the purchase value of the redeemed shares (EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:RedemptionOfTreasurySharesPurchaseValue" format="ixt:num-dot-decimal" scale="6" id="f-7494">3,287</ix:nonFraction>&#160;million) and the par value of said shares (EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:RedemptionOfTreasurySharesParValue" scale="6" id="f-7495">231</ix:nonFraction>&#160;million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, in accordance with the applicable legislation, a reserve has been provided in 2024 for amortized capital charged to the issue premium for an amount equal to the nominal value of said amortized shares ascending to EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:RedemptionOfTreasurySharesParValue" scale="6" id="f-7496">231</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:RedemptionOfTreasurySharesParValue" scale="6" id="f-7497">516</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:RedemptionOfTreasurySharesParValue" scale="6" id="f-7498">305</ix:nonFraction>&#160;million euros in 2024 and 2023 respectively).</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1042"></div><div style="margin-bottom:6pt;margin-top:24pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span id="iaad388735ddb4206b0725a9de33f9810"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">33. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory" id="f-7499" continuedAt="f-7499-1" escape="true">Accumulated retained earnings</ix:nonNumeric></span></div><ix:continuation id="f-7499-1" continuedAt="f-7499-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i34e39ce33f96485cbf92b34b3ece5150"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Definitions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance of 'Equity - Accumulated gains and Other reserves' includes the net amount of the accumulated results (profits or losses) recognised in previous years through the consolidated income statement which in the profit distribution were allocated in equity, the expenses of own equity instrument issues, the differences between the amount for which the treasury shares are sold and their acquisition price, as well as the net amount of the results accumulated in previous years, generated by the result of non-current assets held for sale, recognised through the consolidated income statement.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i07aa6cf465914b36971439f58caa1d74"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfAccumulatedRetainedEarningsAndReservesOfEntitiesAccountedForUsingEquityMethodTableTextBlock" id="f-7500" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:59.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.173%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 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unitRef="eur" contextRef="c-2976" decimals="-6" name="san:UnrestrictedReserves" format="ixt:num-dot-decimal" scale="6" id="f-7516">31,519</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2977" decimals="-6" name="san:UnrestrictedReserves" format="ixt:num-dot-decimal" scale="6" id="f-7517">24,186</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt 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contextRef="c-2977" decimals="-6" name="san:ReservesOfSubsidiaries" format="ixt:num-dot-decimal" scale="6" id="f-7526">47,249</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2978" decimals="-6" name="san:ReservesOfSubsidiaries" format="ixt:num-dot-decimal" scale="6" id="f-7527">47,669</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reserves of entities accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2976" decimals="-6" name="san:ReserveForEquityMethodInvestments" format="ixt:num-dot-decimal" scale="6" id="f-7528">1,643</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2977" decimals="-6" name="san:ReserveForEquityMethodInvestments" format="ixt:num-dot-decimal" scale="6" id="f-7529">1,831</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2978" decimals="-6" name="san:ReserveForEquityMethodInvestments" format="ixt:num-dot-decimal" scale="6" id="f-7530">1,762</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2976" decimals="-6" name="san:RetainedEarningsAndOtherReserves" format="ixt:num-dot-decimal" scale="6" id="f-7531">84,427</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2977" decimals="-6" name="san:RetainedEarningsAndOtherReserves" format="ixt:num-dot-decimal" scale="6" id="f-7532">76,350</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2978" decimals="-6" name="san:RetainedEarningsAndOtherReserves" format="ixt:num-dot-decimal" scale="6" id="f-7533">68,363</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">The board of directors has proposed to the general shareholders' meeting the reclassification of the excess that the amount of the balance of the legal reserve account shows over the figure that is equivalent to <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve" scale="-2" id="f-7534">20</ix:nonFraction>% of the resulting share capital after the executed capital reductions, to be included in the voluntary reserves account.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">In accordance with the commercial regulations in force in Spain.</span></div></ix:nonNumeric><div style="margin-bottom:3pt;margin-top:9pt"><span id="i71c890b1f4af45c396490cfb14b49481"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Legal reserve</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under the Consolidated Spanish Corporate Enterprises Act, <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:PercentageOfAnnualNetProfitRequiredToBeTransferredToLegalReserve" scale="-2" id="f-7535">10</ix:nonFraction>% of net profit for each year must be transferred to the legal reserve. These transfers must be made until the balance of this reserve reaches <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve" scale="-2" id="f-7536">20</ix:nonFraction>% of the share capital. The legal reserve can be used to increase capital provided that the remaining reserve balance does not fall below <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:MinimumPercentageOfIncreasedShareCapitalRequiredToBeMaintainedInLegalReserve" scale="-2" id="f-7537">10</ix:nonFraction>% of the increased share capital amount.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consequently, once again, after the capital reductions described in note&#160;31 had been carried out, the balance of the legal reserve met the percentage of <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve" scale="-2" id="f-7538">20</ix:nonFraction>% of the share capital, and at 31 December 2025 the Legal reserve was at the stipulated level.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">251</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-234"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-7499-2"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3e9aaa13ad174c338526d04757b2ff5b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Reserve for treasury shares</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to the Corporate Enterprises Act, an unavailable reserve equivalent to the amount for which Banco Santander's shares owned by subsidiaries are recorded. This reservation shall be freely available when the circumstances which have obliged its constitution disappear. In addition, this reserve covers the outstanding balance of loans granted by the Group with Banco Santander's share guarantee and the amount equivalent to the credits granted by the Group companies to third parties for the acquisition of own shares.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibc59a56bf00345eea8d605036a7517c6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Revaluation reserve Royal Decree Law 7/1996, of 7 June</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance of Revaluation reserve Royal Decree-Law 7/1996 can be used, free of tax, to increase share capital. From 1 January 2007, the balance of this account can be taken to unrestricted reserves, provided that the monetary surplus has been realised. The surplus will be deemed to have been realised in respect of the portion on which depreciation has been taken for accounting purposes or when the revalued assets have been transferred or derecognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If the balance of this reserve were used in a manner other than that provided for in Royal Decree law 7/1996, of 7 June, it would be subject to taxation.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8a9872393c0242df877077b6b69f5cae"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Reserves of subsidiaries</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfReservesOfSubsidiariesTableTextBlock" id="f-7539" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by company, of Reserves of subsidiaries, based on the companies&#8217; contribution to the Group (considering the effect of consolidation adjustments) is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"/><td style="width:56.184%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.138%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.138%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.140%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A. (Consolidated Group)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2692" decimals="-6" name="san:ReservesOfSubsidiaries" format="ixt:num-dot-decimal" scale="6" id="f-7540">16,085</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2831" decimals="-6" name="san:ReservesOfSubsidiaries" format="ixt:num-dot-decimal" scale="6" 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2999" decimals="-6" name="san:ReservesOfSubsidiaries" format="ixt:num-dot-decimal" scale="6" id="f-7545">8,700</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico</span></td><td 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3002" decimals="-6" name="san:ReservesOfSubsidiaries" format="ixt:num-dot-decimal" scale="6" id="f-7548">5,684</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Finance Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:ReservesOfSubsidiariesRestricted" format="ixt:num-dot-decimal" scale="6" id="f-7582">4,722</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:ReservesOfSubsidiariesRestricted" format="ixt:num-dot-decimal" scale="6" id="f-7583">4,175</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid 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style="margin-bottom:6pt;margin-top:24pt"><span id="i8bfa50cb9a1f4b15bbaceaf179588ebb"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">34. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTreasurySharesExplanatory" id="f-7585" continuedAt="f-7585-1" escape="true">Other equity instruments and own shares</ix:nonNumeric></span></div><ix:continuation id="f-7585-1"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i07893f48e8bd4f9593b71f8289482c3b"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Equity instruments issued not capital and other equity instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other equity instruments includes the equity component of compound financial instruments, the increase in equity due to personnel remuneration, and other items not recognised in other 'Shareholders&#8217; equity' items.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 September 2017, Banco Santander, S.A. issued contingent redeemable perpetual bonds (the fidelity bonds) amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-3027" decimals="-6" name="san:NominalValueOfEquityComponentOfConvertibleInstruments" scale="6" id="f-7586">981</ix:nonFraction> million nominal value EUR - <ix:nonFraction unitRef="eur" contextRef="c-3027" decimals="-6" name="ifrs-full:ReserveOfEquityComponentOfConvertibleInstruments" scale="6" id="f-7587">686</ix:nonFraction> million fair value -. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 15 December 2024, Banco Santander, S.A., proceeded to redeem in advance voluntarily all of said bonds in circulation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, at 31 December 2025 the Group had other equity instruments amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-130" decimals="-6" name="ifrs-full:Equity" scale="6" id="f-7588">273</ix:nonFraction> million.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia68a329a6def4d62914fb2317c5b0145"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">b) Own shares </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Shareholders&#8217; equity&#160;- Own shares' includes the amount of own equity instruments held by all the Group entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Transactions involving own equity instruments, including their issuance and cancellation, are recognised directly in equity, and no profit or loss may be recognised on these transactions. The costs of any transaction involving own equity instruments are deducted directly from equity, net of any related tax effect.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2023, the number of treasury shares held by the Group was <ix:nonFraction unitRef="shares" contextRef="c-194" decimals="0" name="ifrs-full:NumberOfSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-7589">297,815,673</ix:nonFraction> (<ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="san:TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital" scale="-2" id="f-7590">1.84</ix:nonFraction>% of the issued share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2024, <ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="san:PurchaseOfTreasurySharesNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-7591">930,610,636</ix:nonFraction> shares of the Bank were acquired at an average price of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="2" name="san:WeightedAverageSharePurchasePrice" scale="0" id="f-7592">4.34</ix:nonFraction> per share, of which <ix:nonFraction unitRef="shares" contextRef="c-3028" decimals="0" name="san:PurchaseOfTreasurySharesNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-7593">403,030,171</ix:nonFraction> relate to the Share Buyback Programme carried out during the first half of 2025, and <ix:nonFraction unitRef="shares" contextRef="c-3029" decimals="0" name="san:PurchaseOfTreasurySharesNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-7594">341,781,250</ix:nonFraction> relate to the Share Buyback Programme started in September. Likewise, <ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="san:TreasurySharesNumberOfSharesAmortized" format="ixt:num-dot-decimal" scale="0" id="f-7595">1,031,653,737</ix:nonFraction> shares were amortised (note 31) and <ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="san:TreasurySharesNumberOfSharesTransferred" format="ixt:num-dot-decimal" scale="0" id="f-7596">181,243,113</ix:nonFraction> shares at an average price of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-86" decimals="2" name="san:WeightedAverageShareSellingPrice" scale="0" id="f-7597">4.22</ix:nonFraction> per share were transferred, of which <ix:nonFraction unitRef="shares" contextRef="c-86" decimals="0" name="san:TreasurySharesNumberOfSharesTransferredThroughDonations" format="ixt:num-dot-decimal" scale="0" id="f-7598">22,167,105</ix:nonFraction> shares correspond to the donation made by Banco Santander to Fundaci&#243;n Banco Santander with extraordinary character.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2024, the number of treasury shares held by the Group was <ix:nonFraction unitRef="shares" contextRef="c-145" decimals="0" name="ifrs-full:NumberOfSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-7599">15,529,459</ix:nonFraction> (<ix:nonFraction unitRef="number" contextRef="c-3" decimals="5" name="san:TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital" scale="-2" id="f-7600">0.102</ix:nonFraction>% of the issued share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, <ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="san:PurchaseOfTreasurySharesNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-7601">584,363,745</ix:nonFraction> shares of the Bank have been acquired at an average price of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="2" name="san:WeightedAverageSharePurchasePrice" scale="0" id="f-7602">6.98</ix:nonFraction> per share, of which <ix:nonFraction unitRef="shares" contextRef="c-3030" decimals="0" name="san:PurchaseOfTreasurySharesNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-7603">267,166,950</ix:nonFraction> relate to the Share Buyback Programme carried out during the first half of 2025, and <ix:nonFraction unitRef="shares" contextRef="c-3031" decimals="0" name="san:PurchaseOfTreasurySharesNumberOfShares" format="ixt:num-dot-decimal" scale="0" id="f-7604">196,005,870</ix:nonFraction> relate to the new Share Buyback Programme started in August. Likewise, <ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="san:TreasurySharesNumberOfSharesAmortized" format="ixt:num-dot-decimal" scale="0" id="f-7605">463,172,820</ix:nonFraction> shares have been amortised (note 31) and <ix:nonFraction unitRef="shares" contextRef="c-1" decimals="0" name="san:TreasurySharesNumberOfSharesTransferred" format="ixt:num-dot-decimal" scale="0" id="f-7606">125,643,093</ix:nonFraction> shares at an average price of EUR <ix:nonFraction unitRef="eurPerShare" contextRef="c-1" decimals="2" name="san:WeightedAverageShareSellingPrice" scale="0" id="f-7607">6.48</ix:nonFraction> per share have been transferred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the Group holds <ix:nonFraction unitRef="shares" contextRef="c-160" decimals="0" name="ifrs-full:NumberOfSharesOutstanding" format="ixt:num-dot-decimal" scale="0" id="f-7608">11,077,291</ix:nonFraction> shares of the Bank's issued share capital (<ix:nonFraction unitRef="number" contextRef="c-2" decimals="5" name="san:TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital" scale="-2" id="f-7609">0.075</ix:nonFraction>%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effect on equity, net of tax, arising from the purchase and sale of Bank shares is of EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:NetPurchaseSaleOfTreasuryShares" scale="6" id="f-7610">34</ix:nonFraction> million profit in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:NetPurchaseSaleOfTreasuryShares" scale="6" id="f-7611">8</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:NetPurchaseSaleOfTreasuryShares" scale="6" id="f-7612">13</ix:nonFraction> million profit in 2024 and 2023, respectively).</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">252</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1048"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-235"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i49c5d549e8a745c0b02976b602220b74"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">35. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" id="f-7613" continuedAt="f-7613-1" escape="true">Memorandum items</ix:nonNumeric></span></div><ix:continuation id="f-7613-1" continuedAt="f-7613-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Memorandum items relates to balances representing rights, obligations and other legal situations that in the future may have an impact on net assets, as well as any other balances needed to reflect all transactions performed by the consolidated entities although they may not impinge on their net assets.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ibb878bd9cb5f47a29ca8ca79565147d2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Guarantees and contingent commitments granted</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Contingent liabilities includes all transactions under which an entity guarantees the obligations of a third party and which result from financial guarantees granted by the entity or from other types of contracts. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfContingentLiabilitiesExplanatory" id="f-7614" continuedAt="f-7614-1" escape="true">The detail is as follows:</ix:nonNumeric></span></div><ix:continuation id="f-7614-1"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:51.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.643%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="12" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 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#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3032" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-7618">345</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3033" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-7619">511</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3034" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-7620">406</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial guarantees granted</span></td><td 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style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3036" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-7625">217</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3037" 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contextRef="c-3052" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-7644">55,910</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown as at 31 December 2025 of the exposures and the provision fund out of balance sheet by impairment stage is EUR <ix:nonFraction unitRef="eur" contextRef="c-3053" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-7645">464,215</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-3054" decimals="-6" name="ifrs-full:OtherProvisions" scale="6" id="f-7646">338</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-3055" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-7647">435,147</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-3056" decimals="-6" name="ifrs-full:OtherProvisions" scale="6" id="f-7648">305</ix:nonFraction> million in 2024 and EUR <ix:nonFraction unitRef="eur" contextRef="c-3057" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-7649">398,243</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-3058" decimals="-6" name="ifrs-full:OtherProvisions" scale="6" id="f-7650">302</ix:nonFraction>&#160;million in 2023) in stage 1, EUR <ix:nonFraction unitRef="eur" contextRef="c-3059" decimals="-6" 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contextRef="c-3069" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-7661">1,526</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-3070" decimals="-6" name="ifrs-full:OtherProvisions" scale="6" id="f-7662">226</ix:nonFraction>&#160;million in 2023) in stage 3, respectively. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">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.</span></div><div style="margin-top:9pt"><span id="i54ecbd30bab04d408f71d6a2d88c9190"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">i. Loan commitments granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">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.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if1605bc1e2ee44589ffba68e4e7c08a1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Financial guarantees granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">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.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-7613-2"><div style="margin-top:9pt"><span id="if3328503452f4c41b159eda1bb5ab5d3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">iii. 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Off-balance-sheet funds under management</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfOffBalanceSheetFundsTableTextBlock" id="f-7663" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:50.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.951%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3071" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7664">197,346</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3072" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7665">178,840</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3073" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7666">165,174</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3074" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7667">16,112</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3075" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7668">15,646</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3076" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7669">14,831</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under management</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3077" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7670">43,974</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3078" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7671">35,999</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3079" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7672">29,732</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7673">257,432</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7674">230,485</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" format="ixt:num-dot-decimal" scale="6" id="f-7675">209,737</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie9bd8571aece404e9634e8a099844da4"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Non-managed marketed funds</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, at 31 December 2025 there are non-managed marketed funds totalling EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:NonManagedMarketedFunds" format="ixt:num-dot-decimal" scale="6" id="f-7676">73,173</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:NonManagedMarketedFunds" format="ixt:num-dot-decimal" scale="6" id="f-7677">62,002</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:NonManagedMarketedFunds" format="ixt:num-dot-decimal" scale="6" id="f-7678">50,036</ix:nonFraction> million at 31 December 2024 and 2023, respectively).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i3a0cf8afb9184163a012f43b447ba5a3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">c) Third-party securities held in custody</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the Group held in custody debt securities and equity instruments totalling EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody" format="ixt:num-dot-decimal" scale="6" id="f-7679">306,723</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody" format="ixt:num-dot-decimal" scale="6" id="f-7680">292,216</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody" format="ixt:num-dot-decimal" scale="6" id="f-7681">268,338</ix:nonFraction> million at 31 December 2024 and 2023, respectively) entrusted to it by third parties.</span></div></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1051"></div><div style="margin-bottom:6pt"><span id="i0092b52811e4463eb0894b953032a246"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">36. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfGeneralHedgeAccountingExplanatory" id="f-7682" continuedAt="f-7682-1" escape="true">Hedging derivatives</ix:nonNumeric></span></div><ix:continuation id="f-7682-1" continuedAt="f-7682-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander, within its financial risk management strategy, and in order to reduce asymmetries in the accounting treatment of its operations, enters into hedging derivatives on interest, exchange rate, credit risk or variation of stock prices, depending on the nature of the risk covered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Based on its objective, Grupo Santander classifies its hedges in the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flow hedges: cover the exposure to the variation of the cash flows associated with an asset, liability or a highly probable forecast transaction. This cover the variable-rate issues in foreign currencies, fixed-rate issues in non-local currency, variable-rate interbank financing and variable-rate assets (bonds, commercial loans, mortgages, etc.).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value hedges: cover the exposure to the variation in the fair value of assets or liabilities, attributable to an identified and hedged risk. This covers the interest risk of assets or liabilities (bonds, loans, bills, issues, deposits, etc.) with coupons or fixed interest rates, interests in entities, issues in foreign currencies and deposits or other fixed rate liabilities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging of net investments abroad: cover the exchange rate risk of the investments in subsidiaries domiciled in a country with a different currency from the functional one of the Group.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">253</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-236"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" id="f-7683" continuedAt="f-7683-1" escape="true"><ix:continuation id="f-7682-2" continuedAt="f-7682-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2025, 2024 and 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.644%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying&#160;amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3147" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7819">136</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span 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0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3149" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7823">134</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3150" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-7826">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3151" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7827">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 12.25pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7828">505,992</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" format="ixt:num-dot-decimal" scale="6" id="f-7829">4,427</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7830">4,294</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7831">749</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr></table></div></ix:continuation></ix:nonNumeric><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">254</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-237"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7683-1" continuedAt="f-7683-2"><ix:continuation id="f-7682-3" continuedAt="f-7682-4"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.644%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying&#160;amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid 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scale="6" id="f-7833">2,584</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3152" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7834">2,964</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid 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format="ixt:num-dot-decimal" scale="6" id="f-7837">2,070</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3154" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7838">2,319</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3156" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7842">2,082</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3157" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7843">156</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3158" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7844">4,411</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3178" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" format="ixt:num-dot-decimal" scale="6" id="f-7885">2,415</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3178" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7886">1,519</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3179" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7887">558</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 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1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3180" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" format="ixt:num-dot-decimal" scale="6" id="f-7889">1,060</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3180" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7890">1,089</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3181" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7891">144</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" 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solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3182" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:fixed-zero" scale="6" id="f-7894">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3183" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7895">225</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3184" decimals="-6" name="ifrs-full:NotionalAmount" 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contextRef="c-3184" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-7898">478</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3185" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7899">130</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3186" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7900">30,653</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3186" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-7901">738</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3186" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-7902">258</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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id="f-7937">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3204" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:fixed-zero" scale="6" id="f-7938">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3205" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7939">2</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3206" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7940">23,559</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3206" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-7941">673</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3206" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-7942">269</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3207" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7943">420</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3208" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7944">23,559</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3208" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-7945">673</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3208" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-7946">269</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3209" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7947">420</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3210" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7948">23,559</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3210" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-7949">673</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3210" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-7950">269</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3211" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-7951">420</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7952">511,727</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" format="ixt:num-dot-decimal" scale="6" id="f-7953">5,672</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7954">4,752</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-7955">1,461</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">255</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-238"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7683-2"><ix:continuation id="f-7682-4" continuedAt="f-7682-5"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.652%"><tr><td style="width:1.0%"/><td style="width:29.960%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.839%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.839%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.839%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.960%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.963%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying&#160;amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance&#160;sheet&#160;line&#160;items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3212" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-7956">241,792</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid 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contextRef="c-3212" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-7958">4,231</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3213" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-7959">1,869</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3242" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8016">20,043</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3242" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-8017">446</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid 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name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-8029">484</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3248" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-8030">119</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3249" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-8031">325</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3250" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8032">12,908</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3250" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-8033">155</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid 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id="f-8035">234</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3252" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8036">12,495</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3252" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-8037">153</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3252" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-8038">906</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3253" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-8039">240</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3254" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8040">68</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3254" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-8041">22</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3254" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:fixed-zero" scale="6" id="f-8042">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3255" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-8043">9</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3256" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8044">68</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3256" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-8045">22</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3256" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:fixed-zero" scale="6" id="f-8046">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3257" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-8047">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3258" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8048">18,706</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3258" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" scale="6" id="f-8049">61</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3258" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" scale="6" id="f-8050">536</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3259" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-8051">1,888</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3260" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8052">18,706</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3261" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-8055">1,888</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3262" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8056">18,706</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3263" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-8059">1,888</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt 0 7.75pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8060">418,294</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:HedgingInstrumentAssets" format="ixt:num-dot-decimal" scale="6" id="f-8061">5,297</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:HedgingInstrumentLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-8062">7,656</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-8063">1,929</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">256</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-239"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7682-5" continuedAt="f-7682-6"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Considering the main entities or groups within the Group by the weight of their hedging, the main types of hedging that are being carried out in Santander UK Group Holdings plc group and Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander UK Group Holdings plc group enters into fair value and cash flow hedging derivatives depending on the exposure of the underlying. Only designated risks are hedged and therefore other risks, such as credit risk, are managed but not hedged. When contracting derivatives, Santander UK applies the same credit risk management procedures that it uses for ordinary lending activity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within fair value hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at fixed rate that are exposed to changes in fair value due to changes in market interest rates. These positions are managed by contracting mainly interest rate swaps. Effectiveness is assessed by comparing the changes in the fair value of these portfolios generated by the hedged risk with the changes in the fair value of the derivatives contracted.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander UK Group Holdings plc group also has access to international markets to obtain financing by issuing fixed-rate debt or investing in fixed rate debt of other issuers, in its functional currency and other currencies. As such, they are exposed to changes in interest rates and exchange rates, mainly in EUR and USD. This risk is mitigated with cross currency swaps e interest rate swaps in which they pay a fixed rate and receive a variable rate. Effectiveness is evaluated using linear regression techniques to compare changes in the fair value of the debt at interest and exchange rates with changes in the fair value of interest rate swaps or cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within the cash flow hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at variable rates, normally at SONIA or BoE base rate. To mitigate this market rate variability risk, it contracts interest rate swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As Santander UK Group Holdings plc group obtains financing in the international markets, it assumes a significant exposure to currency risk mainly USD and EUR. In addition, it also holds debt securities for liquidity purposes which assume exposure mainly in JPY, CAD and CHF.  To manage this exchange rate risk, Spot, Forward y Cross Currency Swap are contracted to match the cash flow profile and the maturity of the estimated interest and principal repayments of the hedged item. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Effectiveness is assessed by comparing changes in the fair value of the derivatives with changes in the fair value of the hedged item attributable to the hedged risk by applying a hypothetical derivative method using linear regression techniques.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">It also has inflation risk hedges, which arise from UK bonds linked to UK inflation and are hedged using inflation swaps. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Effectiveness is assessed by comparing changes in the fair value of the inflation swap with the changes in the fair value of the hedged item attributable to the hedged risk, applying the hypothetical derivative method using linear regression techniques. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, within the hedges that cover equity risk, Santander UK Group Holdings plc group offers employees the opportunity to purchase shares of the Bank at a discount under the Sharesave Scheme, exposing the Bank to share price risk. As such, options are purchased allowing them to purchase shares at a pre-set price. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A. covers the risks of its balance sheet in a variety of ways. On the one hand, documented as fair value hedges, it covers the interest rate and foreign exchange risk of fixed-income portfolios at a fixed rate (REPOs are included in this category). Resulting, in an exposure to changes in their fair value due to variations in market conditions based on the various risks hedged, which has an impact on Banco Santander's income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To mitigate these risks, Banco Santander contracts derivatives, mainly Interest Rate Swaps, Cross Currency Swaps, Cap&amp;floors and Forex Forward. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On the other hand, the interest and exchange rate risk of loans granted to corporate clients at a fixed rate or variable rate is covered. These hedges, are carried out through interest rate swaps, cross currency swaps and exchange rate derivatives (forex swaps and forex forward).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, Banco Santander, S.A. manages the interest and exchange risk of debt issues in its various categories (issuing covered bonds, perpetual, subordinated and senior bond) and in different currencies, denominated at fixed rates, and therefore subject to changes in their fair value. These issues are covered through interest rate swaps and cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The methodology used by Banco Santander, S.A. to measure the effectiveness of fair value hedges is based on comparing the market values of the hedged items (based on the objective risk of the hedge) and of the hedging instruments in order to analyse whether the changes in the market value of the hedged items are offset by the market value of the hedging instruments, thereby mitigating the hedged risk and minimizing volatility in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Prospectively, the same analysis is performed, measuring the theoretical market values in the event of parallel variations in the market curves of a positive basis point.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There is a macro hedge of structured loans in which the interest rate risk of fixed-rate loans (mortgage, personal or with other guarantees) granted to legal entities in commercial or corporate banking and wealth clients in the medium-long term is hedged. This hedge is instrumented as a macro hedge of fair value, the main hedging instruments being Interest Rate Swap and Cap&amp;floors. In case of total or partial cancellation or early repayment, the customer is obliged to pay/receive the cost/income of the cancellation of the interest rate risk hedge managed by the Bank.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding cash flow hedges, the objective is to hedge the cash flow exposure to changes in interest rates and exchange rates.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">257</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-240"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7682-6" continuedAt="f-7682-7"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For retrospective purposes, the hypothetical derivative methodology is used to measure effectiveness. By means of this methodology, the hedged risk is modelled as a derivative instrument -not real-, created exclusively for the purpose of measuring the effectiveness of the hedge, and which must comply with the fact that its main characteristics coincide with the critical terms of the hedged item throughout the period for which the hedging relationship is designated. This hypothetical derivative does not incorporate characteristics that are exclusive to the hedging instrument. Additionally, it is worth mentioning that any risk component not associated with the hedged objective risk and effectively documented at the beginning of the hedge is excluded for the purpose of calculating the effectiveness. The market value of the hypothetical derivative that replicates the hedged item is compared with the market value of the hedging instrument, verifying that the hedged risk is effectively mitigated and that the impact on the income statement due to potential ineffectiveness is residual.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Prospectively, the variations in the market values of the hedging instrument and the hedged item (represented by the hypothetical derivative) are measured in the event of parallel shifts of a positive basis point in the affected market curves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There is another macro-hedge, this time of cash flows, the purpose of which is to actively manage the risk-free interest rate risk (excluding credit risk) of a portion of the floating rate assets of Banco Santander, S.A., through the arrangement of interest rate derivatives whereby the bank exchanges floating rate interest flows for others at a fixed rate agreed at the time the transactions are arranged. The items affected by the Macro-hedging have been designated as those in which their cash flows are exposed to interest rate risk, specifically the floating rate mortgages of the Banco Santander, S.A. network referenced to Euribor 12 Months or Euribor Mortgage, with annual renewal of rates, classified as sound risk and which do not have a contractual floor (or, if not, this floor is not activated). The hedged position affecting the Macro Cash Flow Hedge at the present time is near to EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:MacroCashFlowsHedgeHedgedPosition" format="ixt:num-dot-decimal" scale="6" id="f-8064">5,000</ix:nonFraction>&#160;million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding net foreign investments hedges, basically, they are allocated in Banco Santander, S.A. and Santander Consumer Finance Group. Grupo Santander assumes as a priority risk management objective to minimize -to the limit determined by the Group's Financial Management- the impact on the calculation of the capital ratio of its permanent investments included within the Group's consolidation perimeter, and whose shares or equity interests are legally denominated in a currency other than that of the Group's parent company. For this purpose, financial instruments (generally derivatives) are contracted to hedge the impact on the capital ratio of changes in forward exchange rates.  Grupo Santander mainly hedges the risk for the following currencies: BRL, CLP, MXN, CAD, COP, CNY, GBP, CHF, NOK, USD, PLN, UYU and PEN. The instruments used to hedge the risk of these investments are forex swaps, forex forward and spot currency purchases/sales.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For this type of hedges, ineffectiveness scenarios are considered to be of low probability, given that the hedging instrument is designated considering the position determined and the spot rate at which the position is located.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">258</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-241"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" id="f-8065" continuedAt="f-8065-1" escape="true"><ix:continuation id="f-7682-7" continuedAt="f-7682-8"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up&#160;to&#160;one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One&#160;to&#160;three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three&#160;months&#160;to one year</span></td><td colspan="3" style="border-top:0.5pt solid 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name="ifrs-full:NotionalAmount" scale="6" id="f-8115">54</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3306" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8116">218</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" 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unitRef="eur" contextRef="c-3142" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8233">64</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3404" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8234">2,945</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3408" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8238">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3144" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8239">19,666</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-3146" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8245">19,666</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3414" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8246">2,893</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3415" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8247">5,218</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3150" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8257">52</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3424" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8258">26,707</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3425" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8259">29,976</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3427" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8261">280,202</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2463" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8262">48,445</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8263">505,992</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">259</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-242"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-1" continuedAt="f-8065-2"><ix:continuation id="f-7682-8" continuedAt="f-7682-9"><div style="margin-bottom:6pt;padding-left:7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up&#160;to&#160;one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One&#160;to&#160;three 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3428" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8264">9,791</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3429" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8265">15,953</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3430" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8266">88,519</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3431" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8267">163,086</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3432" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8268">31,548</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3152" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8269">308,897</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3433" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8270">8,725</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3434" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8271">14,680</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3435" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8272">85,981</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3436" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8273">154,440</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3437" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8274">26,326</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3154" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8275">290,152</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" 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id="f-8278">83,890</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3441" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8279">148,913</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3442" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8280">24,089</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3156" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8281">276,715</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-3444" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8283">717</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3445" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8284">469</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3446" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8285">112</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3447" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8286">2,059</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3158" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8287">4,411</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3448" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8288">1,054</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3449" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8289">717</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3450" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8290">469</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3451" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8291">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3452" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8292">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3160" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8293">2,240</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3453" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8294">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3454" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8295">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3455" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8296">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3456" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8297">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3457" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8298">2,059</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3162" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8299">2,059</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3458" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8300">12</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3459" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8301">511</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3460" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8302">2,019</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3461" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8303">8,034</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3462" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8304">3,163</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3164" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8305">13,739</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3463" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8306">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3464" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8307">149</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3465" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8308">104</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3466" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8309">1,543</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3467" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8310">924</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:NotionalAmount" scale="6" id="f-8312">12</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3469" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8313">361</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3470" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8314">1,915</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3471" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8315">6,491</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-8356">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3506" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8357">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3507" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8358">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3182" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8359">6,621</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8361">5,856</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3510" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8362">20,846</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-3513" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8366">2,982</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3514" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8367">1,377</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 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name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8369">14,703</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3517" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8370">2,826</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3531" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8387">3,813</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3532" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8388">1,262</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3545" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8404">153</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3198" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8407">2,316</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3548" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8408">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3549" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8409">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3550" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8410">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3551" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8411">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3552" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8412">2,163</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3200" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8413">2,163</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3553" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8414">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid 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name="ifrs-full:NotionalAmount" scale="6" id="f-8416">18</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3556" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8417">55</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3557" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8418">1</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3202" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8419">75</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3559" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8421">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3560" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8422">18</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid 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style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3563" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8425">75</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3564" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8426">3,918</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3565" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8427">5,644</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3566" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8428">13,997</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3567" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8429">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8431">23,559</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3569" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8432">3,918</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3570" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8433">5,644</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3573" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8436">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3574" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8438">3,918</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3575" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8439">5,644</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3578" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8442">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3210" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8443">23,559</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3579" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8444">33,405</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3580" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8445">31,685</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3581" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8446">145,627</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3582" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8447">257,116</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2464" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8448">43,894</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8449">511,727</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">260</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-243"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-2" continuedAt="f-8065-3"><ix:continuation id="f-7682-9" continuedAt="f-7682-10"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;</span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up&#160;to&#160;one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One&#160;to&#160;three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three&#160;months&#160;to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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unitRef="eur" contextRef="c-3617" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8490">2,142</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3224" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8491">12,084</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 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scale="6" id="f-8546">407</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3664" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8547">1,547</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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contextRef="c-3674" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8559">1,467</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3675" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8560">2,270</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-3678" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8564">344</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3679" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8565">656</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3680" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8566">4,182</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3681" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8567">6,296</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3682" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8568">1,430</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3250" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8569">12,908</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3683" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8570">318</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3684" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8571">618</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3685" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8572">3,833</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3686" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8573">6,296</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3687" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8574">1,430</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3252" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8575">12,495</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3688" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8576">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3689" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8577">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3690" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8578">8</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3691" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8579">59</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3692" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8580">1</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3254" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8581">68</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3693" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8582">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3694" decimals="-6" 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unitRef="eur" contextRef="c-3696" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8585">59</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3697" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8586">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3256" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8587">68</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3698" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8588">4,303</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3699" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8589">4,940</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3700" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8590">9,463</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3701" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8591">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3702" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8592">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3258" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8593">18,706</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3703" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8594">4,303</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3704" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8595">4,940</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3705" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8596">9,463</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3706" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8597">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3707" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8598">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3260" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8599">18,706</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3708" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8600">4,303</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3709" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8601">4,940</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3710" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8602">9,463</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3711" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8603">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3712" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8604">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3262" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8605">18,706</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3713" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8606">19,038</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3714" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8607">35,624</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3715" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8608">112,546</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3716" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8609">222,777</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2465" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8610">28,309</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8611">418,294</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">261</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-244"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-3" continuedAt="f-8065-4"><ix:continuation id="f-7682-10" continuedAt="f-7682-11"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown:</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Santander UK Group Holdings plc group</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three&#160;months<br/>to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One&#160;year<br/>to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3717" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8612">14,490</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3718" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8613">12,469</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3719" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8614">69,366</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3720" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8615">86,738</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3721" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8616">6,222</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3723" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8618">4.150</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3724" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8619">4.703</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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scale="-2" id="f-8626">0.621</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3732" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8627">0.437</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8629">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3735" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8630">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3736" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8631">4.091</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3737" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8632">1.325</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td 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decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8633">27.000</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3739" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8634">30</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3740" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8635">357</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3741" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8636">6,936</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3742" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8637">1,808</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3743" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8638">9,158</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3744" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8639">1.176</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3745" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8640">1.138</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3746" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8641">1.158</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3747" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8642">1.177</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3748" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8643">1.182</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3744" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8644">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3749" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8649">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3750" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8650">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3751" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8651">4.080</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3754" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8654">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3755" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8655">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3756" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8656">4.991</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8661">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3762" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8662">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3766" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8666">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3767" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8667">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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format="ixt:num-dot-decimal" scale="6" id="f-8674">4,067</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3775" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8675">43,097</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3776" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8676">4.373</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3777" decimals="5" 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3779" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8679">3.881</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3780" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8680">4.481</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3781" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8681">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3782" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8682">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3783" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8683">1,982</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3784" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8684">14,238</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3785" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8685">3,112</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3786" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8686">19,332</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3787" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8687">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3788" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8688">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3789" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8689">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3790" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8690">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3791" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8691">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3787" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8692">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3788" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8693">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3789" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8694">1.121</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3790" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8695">1.111</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3791" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8696">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3787" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8697">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3788" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8698">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3789" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8699">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3790" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8700">1.180</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3791" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8701">1.172</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3787" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8702">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3788" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8703">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3789" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8704">1.334</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3790" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8705">1.275</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3791" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8706">1.373</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CAD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3787" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8707">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3788" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8708">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3789" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8709">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3790" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8710">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3791" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8711">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3792" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8712">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3793" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8713">2</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3794" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8714">13</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3795" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8715">49</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3796" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8716">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3797" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8717">64</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3798" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8718">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3799" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8719">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3800" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8720">87</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3801" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8721">2,206</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3802" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8722">420</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3803" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8723">2,713</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3804" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8724">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3805" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8725">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3806" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8726">1.166</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3807" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8727">1.181</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3808" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8728">1.172</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3804" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8729">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3805" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8730">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3806" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8731">1.334</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3807" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8732">1.281</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3808" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8733">1.397</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3809" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8734">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3810" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8735">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3811" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8736">2.609</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3812" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8737">3.973</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3813" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8738">4.475</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">262</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-245"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-4" continuedAt="f-8065-5"><ix:continuation id="f-7682-11" continuedAt="f-7682-12"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three&#160;months<br/>to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One&#160;year<br/>to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3814" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8739">5,033</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3815" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8740">7,598</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3816" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8741">64,755</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3817" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8742">93,176</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3818" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8743">4,110</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3819" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8744">174,672</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3820" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8745">3.749</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3821" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8746">4.293</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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#9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3824" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8749">3.653</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3825" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8750">0.200</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-3826" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8751">0.346</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-3827" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8752">0.446</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3828" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8753">0.585</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3829" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8754">4.370</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3830" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8755">1.677</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3831" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8756">1.534</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3832" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8757">1.531</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3833" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8758">5.756</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3834" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8759">0.449</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3835" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8760">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3836" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8761">212</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3837" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8762">258</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3838" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8763">2,280</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3839" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8764">1,152</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3840" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8765">3,902</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3841" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8766">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3842" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8767">1.136</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3843" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8768">1.158</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3844" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8769">1.162</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3845" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8770">1.176</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3841" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8771">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3844" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8774">1.318</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3845" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8775">1.281</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3846" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8776">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3847" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8777">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3848" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8778">1.350</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3849" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8779">3.304</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3850" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8780">2.940</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3851" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8781">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3873" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8808">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3874" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8809">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3875" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8810">1.086</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3876" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8811">1.115</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3877" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8812">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3873" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8813">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3874" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8814">1.203</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3875" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8815">1.188</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3876" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8816">1.177</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3877" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8817">1.162</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3873" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8818">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3874" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8819">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3875" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8820">1.238</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3876" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8821">1.297</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3877" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8822">1.388</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CAD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3873" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8823">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3874" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8824">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3875" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8825">1.758</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3876" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8826">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCAD" contextRef="c-3877" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8827">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3878" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8828">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3879" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8829">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3880" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8830">19</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3881" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8831">55</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3882" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8832">1</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3883" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8833">75</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3884" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8834">1,993</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3885" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8835">476</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3886" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8836">1,039</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3887" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8837">2,294</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3888" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8838">707</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3889" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8839">6,509</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3890" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8840">1.124</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3891" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8841">1.370</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3892" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8842">1.161</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3893" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8843">1.213</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3894" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8844">1.179</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3890" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8845">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3891" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8846">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3892" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8847">1.538</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3893" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8848">1.319</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3894" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8849">1.537</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3895" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8850">1.480</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3896" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8851">2.760</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3897" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8852">3.203</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3898" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8853">2.771</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3899" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8854">4.885</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3900" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8855">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3901" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8856">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3902" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8857">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3903" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8858">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3904" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8859">2,163</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3905" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8860">2,163</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3906" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8861">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3907" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8862">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3908" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8863">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3909" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8864">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3910" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8865">4.983</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">263</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-246"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-5" continuedAt="f-8065-6"><ix:continuation id="f-7682-12" continuedAt="f-7682-13"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt 0 7.75pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one&#160;year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five&#160;years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3911" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8866">4,163</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3912" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8867">8,230</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3913" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8868">37,158</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3914" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8869">70,075</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3915" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8870">3,467</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3916" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8871">123,093</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3917" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8872">2.380</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3918" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8873">3.190</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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#9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3921" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8876">3.990</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3922" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8877">1.140</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3923" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8878">0.180</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 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id="f-8880">0.210</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3926" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8881">3.920</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3927" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8882">2.600</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3928" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8883">2.460</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3929" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8884">4.230</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3930" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8885">1.360</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3931" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8886">4.910</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3932" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8887">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3933" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8888">41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3934" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8889">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3935" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8890">2,172</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3936" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8891">198</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3937" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8892">2,411</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3938" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="6" id="f-8893">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3939" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8894">1.113</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3940" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8895">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3941" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8896">1.156</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3942" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8897">1.148</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3938" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8898">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3939" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8899">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3940" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8900">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3941" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8901">1.318</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3942" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8902">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3943" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8903">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3944" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8904">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3945" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8905">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3946" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8906">2.770</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3947" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8907">3.480</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3948" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8908">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3949" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8909">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3950" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8910">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3951" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8911">4.830</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3952" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8912">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3955" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8915">15,756</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3956" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8916">31,941</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3957" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8917">1,405</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3958" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8918">53,705</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3959" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8919">5.060</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3960" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8920">3.050</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3961" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8921">5.380</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3962" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8922">3.840</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8925">6,266</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3966" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8926">3,104</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3967" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8927">10,888</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3968" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8928">1,763</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3970" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8930">154.135</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3971" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8931">153.954</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3972" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8932">167.846</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3973" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8933">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerJPY" contextRef="c-3974" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="6" id="f-8934">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3970" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8935">1.092</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3971" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8936">1.093</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3972" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8937">1.089</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3973" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8938">1.121</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerCHF" contextRef="c-3974" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8939">1.121</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3970" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="6" id="f-8940">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3971" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8941">1.197</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3972" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8942">1.167</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3973" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8943">1.179</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3974" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8944">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3970" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8945">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3971" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8946">1.392</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3972" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8947">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3973" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8948">1.277</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3974" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8949">1.388</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3975" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8950">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3976" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-8951">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3977" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8952">8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3978" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8953">58</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3979" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8954">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3980" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8955">68</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3981" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8956">100</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3982" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8957">905</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3983" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8958">576</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3984" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8959">5,614</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3985" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8960">719</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3986" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8961">7,914</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3987" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-3" id="f-8962">1,183</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3988" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="6" id="f-8963">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3989" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8964">1.254</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3990" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8965">1.198</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-3991" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8966">1.189</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3987" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-3" id="f-8967">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3988" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-3" id="f-8968">1,663</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3989" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-8969">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3990" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8970">1.383</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerUSD" contextRef="c-3991" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-8971">1.537</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3992" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8972">2.570</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3993" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8973">2.540</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3994" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8974">2.960</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3995" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8975">2.420</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3996" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8976">4.810</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">264</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-247"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-6" continuedAt="f-8065-7"><ix:continuation id="f-7682-13" continuedAt="f-7682-14"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Banco Santander, S.A.</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one&#160;year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five&#160;years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3997" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-8977">746</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3998" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8978">2,790</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3999" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8979">6,849</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4000" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8980">34,331</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4001" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8981">17,003</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4002" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-8982">61,719</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4003" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8983">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4004" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8984">2.155</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4005" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8985">1.500</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4006" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8986">5.725</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4007" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8987">5.371</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4008" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8988">3.303</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4009" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8989">2.809</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4010" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8990">2.101</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4011" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8991">3.139</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4012" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8992">0.330</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4013" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8993">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4014" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8994">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4015" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8995">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4016" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8996">0.403</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4017" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-8997">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4018" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8998">5.075</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4019" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-8999">4.422</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4020" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9000">1.983</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4021" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9001">3.653</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4022" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9002">4.991</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4023" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9003">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4024" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9004">1.650</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4025" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9005">2.350</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4026" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9006">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4027" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9007">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4028" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9008">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4029" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9009">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4030" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9010">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4031" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9011">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4032" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9012">2.403</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4033" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9013">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4034" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9014">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4035" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9015">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4036" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9016">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4037" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9017">3.824</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4038" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9018">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4039" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9019">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4040" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9020">4.880</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4041" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9021">3.200</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4042" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9022">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4043" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9023">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4044" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9024">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4045" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9025">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4046" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9026">1.960</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4047" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9027">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4048" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9028">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4049" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9029">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4050" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9030">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4051" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9031">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4052" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9032">3.252</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4053" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9033">329</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4054" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9034">250</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4055" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9035">697</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4056" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9036">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4057" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9037">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4058" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9038">1,276</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4059" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-3" id="f-9039">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4060" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-3" id="f-9040">8,273</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4061" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-3" id="f-9041">8,284</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4062" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-3" id="f-9042">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4063" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-3" id="f-9043">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4059" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-2" id="f-9044">2,173</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4060" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9045">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4061" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9046">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4062" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9047">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4063" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9048">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4066" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9051">956</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4067" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9052">3,750</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4070" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9055">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4073" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9058">5.710</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4074" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9059">6.101</ix:nonFraction>&#160;</span></td><td 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4076" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9061">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4077" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9062">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4078" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9063">4.264</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4079" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9064">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4080" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" 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id="f-9076">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4092" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9077">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4093" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9078">0.975</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4094" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9079">1.407</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4095" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9080">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4096" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9081">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4097" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9082">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4098" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9083">3.441</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4099" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9084">4.155</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4101" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9086">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4102" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9087">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4103" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9088">2.021</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4104" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9089">1.919</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4105" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9090">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4106" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9091">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4107" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9092">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4108" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9093">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4109" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9094">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4110" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9095">11.669</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4111" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9096">11.703</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4112" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9097">9.869</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4113" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9098">9.356</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4114" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9099">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4115" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9100">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4116" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9101">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4117" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9102">8.800</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4118" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9103">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4119" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9104">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9105">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9106">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9107">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9108">1.617</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9109">1.584</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9110">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9111">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9112">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9113">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9114">1.666</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9115">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9116">26.131</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9117">25.365</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9118">24.832</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9119">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerCOP" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9120">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerCOP" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9121">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerCOP" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9122">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerCOP" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9123">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerCOP" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9124">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9125">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9126">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9127">0.940</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9128">0.948</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9129">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9130">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9131">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9132">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9133">8.488</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9134">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9135">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9136">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9137">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9138">137.802</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9139">129.229</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9140">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9141">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9142">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9143">19.083</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9144">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9145">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9146">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9147">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9148">9.519</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9149">10.651</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9150">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9151">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9152">4.948</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9153">4.927</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9154">4.980</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9155">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9156">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9157">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9158">1.019</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9159">0.935</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9160">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9161">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9162">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9163">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9164">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4120" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9165">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4121" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9166">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4122" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9167">0.055</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4123" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9168">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4124" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9169">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Basis Risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Basis risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4125" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9170">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4126" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9171">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4127" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9172">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4128" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9173">500</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4129" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9174">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4130" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9175">500</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">265</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-248"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-7" continuedAt="f-8065-8"><ix:continuation id="f-7682-14" continuedAt="f-7682-15"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one&#160;year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five&#160;years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4131" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9176">236</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4132" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9177">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4133" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9178">288</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4134" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9179">213</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4135" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9180">80</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4136" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9181">817</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4137" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9182">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4138" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9183">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4139" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9184">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4140" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9185">5.678</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4141" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9186">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4142" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9187">2.258</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4143" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9188">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4144" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9189">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4145" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9190">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4146" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9191">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4147" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9192">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4148" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9193">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9196">1.562</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4147" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9197">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4148" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9198">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4149" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9199">4.940</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4150" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9200">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4151" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9201">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4147" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9202">1.002</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4148" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9203">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4149" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9204">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4150" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9205">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4151" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9206">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4152" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9207">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4153" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9208">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4154" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9209">2,120</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4155" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9210">9,003</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4156" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9211">507</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4157" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9212">11,630</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4158" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9213">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4159" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9214">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4160" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9215">2.964</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4161" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9216">2.695</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4165" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9220">1.650</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4166" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9221">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4167" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9222">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4168" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9223">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4169" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9224">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4170" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9225">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4171" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9226">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4172" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9227">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4173" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9228">18</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4174" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9229">1.129</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4175" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="6" id="f-9230">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4176" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9231">1.119</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4177" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9232">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4178" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9233">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4179" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9234">2,574</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4180" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9235">4,530</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4181" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9236">9,866</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4182" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9237">207</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4183" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9238">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4184" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9239">17,177</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9240">6.892</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9241">6.979</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9242">6.652</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9243">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9244">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9245">1,054.241</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9246">1,018.994</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9247">1,108.027</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9248">1,099.571</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9249">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9250">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9251">4,566</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9252">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9253">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9254">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9255">0.860</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9256">0.867</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9257">0.884</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9258">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9259">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9260">22.187</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9261">23.465</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9262">22.823</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9263">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9264">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9265">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9266">1.078</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9267">1.175</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9268">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9269">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9270">4.321</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9271">4.307</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9272">4.309</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9273">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9274">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9275">1.611</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9276">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9277">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9278">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9279">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4185" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9280">48.093</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4186" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9281">48.729</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4187" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9282">49.916</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4188" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9283">53.350</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4189" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9284">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">266</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-249"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-8" continuedAt="f-8065-9"><ix:continuation id="f-7682-15" continuedAt="f-7682-16"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one&#160;year</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five&#160;years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4190" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9285">1,431</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4191" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9286">4,446</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4192" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9287">6,878</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4193" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9288">33,324</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4194" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9289">15,991</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4195" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9290">62,070</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4196" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9291">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4197" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9292">0.020</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4198" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9293">3.120</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4199" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9294">2.640</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4200" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9295">5.370</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4201" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9296">1.340</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4202" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9297">0.010</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4203" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9298">2.000</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4204" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9299">3.460</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4205" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9300">3.170</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4206" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9301">0.010</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4207" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9302">3.500</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4208" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9303">2.740</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4209" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9304">4.460</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4210" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9305">4.720</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4211" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9306">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4212" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9307">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4213" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9308">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4214" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9309">2.000</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4215" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9310">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4216" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9311">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4217" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9312">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4218" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9313">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4219" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9314">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4220" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9315">2.400</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4221" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9316">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4222" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9317">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4223" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9318">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4224" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9319">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4225" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9320">3.820</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4226" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9321">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4227" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9322">3.610</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4228" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9323">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4229" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9324">4.200</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4230" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9325">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4231" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9326">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4232" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9327">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4233" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9328">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4234" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9329">1.960</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4235" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9330">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4236" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9331">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4237" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9332">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4238" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9333">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4239" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9334">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4240" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9335">3.250</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4241" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9336">473</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4244" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9339">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4245" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9340">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4246" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9341">1,165</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4247" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-3" id="f-9342">7,710</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4248" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-3" id="f-9343">7,710</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="-2" id="f-9347">2,178</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4248" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9348">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4249" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9349">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4250" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9350">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4251" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="-2" id="f-9351">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4254" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9354">1,355</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4255" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9355">4,859</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid 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id="f-9365">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4266" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9366">4.190</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4267" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9367">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4268" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9368">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4269" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9369">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4270" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9370">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4271" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9371">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4273" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9373">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4274" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9374">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4275" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9375">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4276" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9376">4.620</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4277" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9377">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4278" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9378">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4279" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9379">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4280" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9380">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4281" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9381">1.300</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4282" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9382">1.410</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4283" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9383">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4284" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9384">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4285" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9385">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4286" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9386">3.440</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4287" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9387">4.500</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4289" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9389">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4290" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9390">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4291" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9391">2.030</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4292" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9392">2.250</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4294" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9394">12.750</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4295" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9395">10.580</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4296" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9396">10.540</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4297" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9397">7.760</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4298" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9398">6.690</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4299" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9399">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4300" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9400">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4301" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9401">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4302" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9402">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4303" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9403">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4304" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9404">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4305" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9405">11.300</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4306" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9406">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4307" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9407">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9408">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9409">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9410">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9411">1.599</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9412">1.584</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9413">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9414">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9415">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9416">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9417">1.666</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9418">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9419">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9420">26.030</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9421">25.634</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9422">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerGBP" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9423">1.189</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerGBP" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9424">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerGBP" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9425">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerGBP" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9426">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerGBP" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9427">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9428">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9429">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9430">0.982</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9431">0.943</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9432">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9433">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9434">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9435">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9436">8.488</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9437">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9438">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9439">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9440">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9441">134.151</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9442">129.229</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9443">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9444">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9445">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9446">19.083</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9447">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9448">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9449">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9450">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9451">9.519</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9452">10.429</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9453">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9454">4.810</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9455">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9456">4.940</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9457">4.980</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9458">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9459">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9460">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9461">1.019</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9462">0.932</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9463">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9464">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9465">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9466">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCOP" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9467">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4308" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9468">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4309" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9469">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4310" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9470">0.052</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4311" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9471">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4312" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9472">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Basis Risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Basis risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;&#160;Nominal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4313" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9473">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4314" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9474">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4315" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9475">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4316" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9476">500</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4317" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9477">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4318" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9478">500</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">267</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-250"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-9" continuedAt="f-8065-10"><ix:continuation id="f-7682-16" continuedAt="f-7682-17"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one&#160;year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five&#160;years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4319" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9479">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4320" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9480">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4321" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9481">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4324" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9484">1,139</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4325" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9485">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4326" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9486">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4327" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9487">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4328" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9488">3.520</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4332" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9492">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4333" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9493">3.110</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4334" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9494">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4335" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9495">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4336" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9496">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4337" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9497">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4338" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9498">1.580</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4339" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9499">1.560</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4335" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9500">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4336" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9501">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4337" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9502">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4338" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9503">4.940</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4339" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9504">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4335" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9505">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4336" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9506">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4337" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9507">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4338" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9508">1.000</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4340" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9510">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4341" decimals="-6" 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scale="6" id="f-9522">83</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4353" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9523">125</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4354" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9524">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4355" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9525">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander 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format="ixt:num-dot-decimal" scale="6" id="f-9534">12,821</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4365" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9535">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4366" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9536">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4367" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9537">21,131</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9538">5.990</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9539">6.120</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9540">6.270</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9541">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="brlPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9542">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9543">1,052.780</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9544">1,066.580</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9545">1,045.090</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9546">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="clpPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9547">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9548">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9549">4,703</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9550">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9551">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9552">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9553">0.860</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9554">0.850</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9555">0.850</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9556">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9557">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9558">20.280</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9559">19.830</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9560">21.970</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9561">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9562">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9563">1.090</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9564">1.080</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9565">1.090</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9566">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9567">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9568">4.370</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9569">4.410</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9570">4.410</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9571">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9572">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9573">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9574">1.500</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9575">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9576">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9577">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9578">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9579">0.940</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9580">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9581">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9582">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4368" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9583">45.820</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4369" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9584">45.160</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4370" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9585">48.290</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4371" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9586">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4372" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9587">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">268</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-251"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-10" continuedAt="f-8065-11"><ix:continuation id="f-7682-17" continuedAt="f-7682-18"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one&#160;year</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five&#160;years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4373" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9588">1,532</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4374" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9589">194</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4375" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9590">7,880</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4376" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9591">22,714</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4377" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9592">8,775</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4378" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9593">41,095</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4379" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9594">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4380" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9595">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4381" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9596">1.375</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4382" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9597">4.479</ix:nonFraction>&#160;</span></td><td 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EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4384" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9599">0.096</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4385" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9600">0.014</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4386" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9601">2.085</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4387" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9602">2.422</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4388" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9603">3.421</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9605">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4391" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9606">1.010</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4392" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9607">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4393" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9608">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4394" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9609">0.015</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4395" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9610">3.688</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4396" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9611">2.603</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4397" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9612">3.801</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4398" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9613">4.446</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4399" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9614">278</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4400" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9615">634</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4401" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9616">524</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4402" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9617">50</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4403" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9618">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4404" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9619">1,486</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerUSD" contextRef="c-4405" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9620">3.784</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerUSD" contextRef="c-4406" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9621">3.751</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerUSD" contextRef="c-4407" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9622">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerUSD" contextRef="c-4408" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9623">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerUSD" contextRef="c-4409" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9624">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4405" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9625">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4406" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9626">7.323</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4407" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9627">7.732</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4408" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9628">7.716</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cnyPerEUR" contextRef="c-4409" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9629">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4405" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9630">1.648</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4406" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9631">1.665</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4407" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9632">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4408" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9633">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4409" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9634">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4405" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9635">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4406" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9636">19.363</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4407" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9637">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4408" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9638">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4409" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9639">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerUSD" contextRef="c-4405" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9640">4,159.190</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerUSD" contextRef="c-4406" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:num-dot-decimal" scale="0" id="f-9641">3,998.060</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerUSD" contextRef="c-4407" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9642">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerUSD" contextRef="c-4408" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9643">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerUSD" contextRef="c-4409" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9644">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="madPerEUR" contextRef="c-4405" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9645">10.929</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="madPerEUR" contextRef="c-4406" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9646">11.057</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="madPerEUR" contextRef="c-4407" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9647">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="madPerEUR" contextRef="c-4408" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9648">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="madPerEUR" contextRef="c-4409" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9649">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerEUR" contextRef="c-4405" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9650">4.095</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerEUR" contextRef="c-4406" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9651">4.110</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerEUR" contextRef="c-4407" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9652">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerEUR" contextRef="c-4408" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9653">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="penPerEUR" contextRef="c-4409" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9654">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4410" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9655">30</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4411" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9656">66</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4412" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9657">1,450</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4413" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9658">4,321</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4414" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9659">1,150</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4415" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9660">7,017</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4416" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9661">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4417" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9662">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4418" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9663">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4419" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9664">4.800</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4420" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9665">3.615</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4421" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9666">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4422" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9667">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4423" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9668">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4424" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9669">2.000</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4425" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9670">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4426" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9671">5.130</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4427" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9672">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4428" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9673">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4429" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9674">3.967</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4430" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9675">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4431" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9676">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4432" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9677">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4433" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9678">2.580</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4434" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9679">5.270</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4435" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9680">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4436" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9681">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4437" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9682">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4438" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9683">0.465</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4439" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9684">1.298</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4440" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9685">1.407</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4441" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9686">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4442" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9687">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4445" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9690">4.501</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4446" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9691">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4447" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9692">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4448" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9693">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4449" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9694">1.243</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4450" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9695">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4451" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9696">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4452" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9697">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4453" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9698">14.250</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4454" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9699">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4455" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9700">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4456" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9701">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4459" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9704">13.207</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4460" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9705">7.149</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4461" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9706">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4462" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9707">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-4463" decimals="5" sign="-" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9708">0.140</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4464" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9709">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4465" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9710">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4466" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9711">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4467" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9712">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4468" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9713">3.450</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4469" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9714">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4470" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9715">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9716">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9717">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9718">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9719">1.499</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9720">1.545</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9721">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9722">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9723">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9724">25.831</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="czkPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9725">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9726">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9727">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9728">0.891</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9729">0.961</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerUSD" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9730">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9731">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9732">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9733">8.782</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9734">8.666</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="hkdPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9735">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9736">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9737">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9738">120.568</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9739">134.151</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="jpyPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9740">129.229</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9741">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9742">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9743">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9744">9.519</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nokPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9745">10.429</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9746">4.711</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9747">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9748">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9749">4.887</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9750">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9751">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9752">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9753">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9754">1.104</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9755">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9756">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9757">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9758">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9759">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9760">19.083</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCLP" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9761">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCLP" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9762">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCLP" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9763">0.001</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCLP" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9764">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerCLP" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9765">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9766">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9767">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9768">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9769">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="nzdPerEUR" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9770">1.666</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4471" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9771">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4472" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9772">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4473" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9773">0.058</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4474" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9774">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerMXN" contextRef="c-4475" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9775">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">269</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-252"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-8065-11"><ix:continuation id="f-7682-18" continuedAt="f-7682-19"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:34.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.124%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one&#160;year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five&#160;years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4476" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9776">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4477" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9777">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4478" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9778">414</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4479" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9779">1,075</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4480" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9780">86</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4481" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9781">1,575</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4482" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9782">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4483" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9783">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4484" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9784">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4485" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9785">3.106</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9795">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eurPerGBP" contextRef="c-4496" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9796">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4492" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9797">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4493" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9798">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4494" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9799">1.625</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4495" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9800">1.584</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="audPerEUR" contextRef="c-4496" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9801">1.562</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4492" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9802">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4493" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9803">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4494" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9804">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4495" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9805">4.940</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="ronPerEUR" contextRef="c-4496" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9806">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4492" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9807">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4493" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9808">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4494" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9809">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4495" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9810">1.002</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4496" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9811">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4497" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9812">750</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4498" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9813">1,500</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4499" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9814">7,750</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4500" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9815">0</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4501" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9816">0</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4502" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9817">10,000</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-4503" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9818">0.124</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-4504" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9819">0.889</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4505" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" scale="-2" id="f-9820">0.016</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4506" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9821">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4507" decimals="5" name="ifrs-full:AverageRateOfHedgingInstrument" format="ixt:fixed-zero" scale="-2" id="f-9822">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4508" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9823">13</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4509" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9824">25</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4510" decimals="-6" name="ifrs-full:NotionalAmount" scale="6" id="f-9825">111</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4515" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9830">1.146</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4516" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9831">1.138</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4517" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9832">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4518" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9833">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4519" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9834">3,593</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4520" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9835">4,870</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4521" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9836">8,034</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4522" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9837">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4523" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:fixed-zero" scale="6" id="f-9838">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4524" decimals="-6" name="ifrs-full:NotionalAmount" format="ixt:num-dot-decimal" scale="6" id="f-9839">16,497</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9852">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="copPerEUR" contextRef="c-4528" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9853">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerEUR" contextRef="c-4529" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9859">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="2" 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0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4527" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9862">20.210</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4528" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9863">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="mxnPerEUR" contextRef="c-4529" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9864">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4525" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9865">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4526" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9866">1.129</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4527" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9867">1.081</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4528" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9868">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usdPerEUR" contextRef="c-4529" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9869">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4528" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9873">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="plnPerEUR" contextRef="c-4529" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9874">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4525" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9875">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4526" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9876">1.461</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4527" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9877">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4528" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9878">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="cadPerEUR" contextRef="c-4529" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9879">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4525" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9880">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4526" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9881">0.940</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4527" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9882">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4528" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9883">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="chfPerEUR" contextRef="c-4529" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9884">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4525" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9885">43.235</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4526" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9886">43.521</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4527" decimals="3" name="ifrs-full:AverageForeignExchangeRate" scale="0" id="f-9887">44.400</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4528" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9888">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="uyuPerEUR" contextRef="c-4529" decimals="3" name="ifrs-full:AverageForeignExchangeRate" format="ixt:fixed-zero" scale="0" id="f-9889">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">270</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-253"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7682-19" continuedAt="f-7682-20"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0e1290a0a9ee432897bb492e2109cde4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Other geographies</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consumer Group entities mainly have loans portfolios at fixed interest rates and are therefore, exposed to changes in fair value due to movements in market interest rates. The entities manage this risk by contracting interest rate swaps in which they pay a fixed rate and receive a variable rate. Interest rate risk is the only one hedged and, therefore, other risks, such as credit risk, are managed but not hedged by the entities. The interest rate risk component is determined as the change in fair value of fixed rate loans arising solely from changes&#160;in&#160;a reference rate. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of loans attributable to changes in reference interest rates with changes in the fair value of interest rate swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in order to access international markets with the aim of obtaining sources of financing, some Consumer Group&#180;s entities issue fixed rate debt in their own currency and in other currencies that differ from their functional currency. Therefore, they are exposed to changes in both interest rates and exchange rates, which they mitigate with derivatives (interest rate swaps, fx forward and cross currency swaps) in which they receive a fixed interest rate and pay a variable interest rate, implemented with a fair value hedge.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cash flow hedges of the Grupo Santander&#180;s entities hedge the foreign currency risk of loans and financing. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, it has hedges of net investments abroad to hedge the foreign exchange risk of the shareholding in NOK, CNY, PLN, CAD and CHF currencies.</span></div><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico, applies accounting hedges for both fair value and cash flows through micro-hedging structures to mitigate risks arising from fluctuations in interest rates and exchange rates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In its cash flow hedges, the Bank is primarily exposed to exchange rate risk stemming from portfolios of Mexican government bonds issued in a currency other than its functional currency, Brazilian government bonds denominated in reais, US Treasury bonds in dollars, and fixed-rate debt issuances in USD. These exposures are mitigated through fixed-rate cross-currency swaps and FX forward contracts, using different currency combinations (MXN, USD, and BRL) depending on the nature of each portfolio.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Bank also maintains exposures to interest rate risk associated with bank loans and commercial loans, both fixed-rate and floating-rate. To manage this risk, interest rate swaps are used, whereby the Bank exchanges fixed-rate cash flows for variable-rate cash flows or vice versa, in order to stabilize future cash flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In its fair value hedges, Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico holds portfolios of long-term, fixed-rate commercial loans and Mexican government bonds, denominated in both local and non-functional currencies. These portfolios are exposed to changes in fair value resulting from fluctuations in market interest rates and, where applicable, exchange rates. These exposures are mitigated through interest rate swaps and cross-currency swaps, designated as hedging instruments.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Only interest rate and exchange rate risks are hedged, while other risks, such as credit risk, are managed by the entity but are not designated as hedged risks within the hedging relationships. The effectiveness of the hedges is assessed by comparing the changes in the fair value of the hedged items attributable to the hedged risk with the changes in the fair value of the derivative instruments. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander (Brasil) S.A. has fair value and cash flow hedges to mitigate risks arising from market interest rate fluctuations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In market risk hedging, the Bank protects recognized assets and liabilities against changes in interest rates, exchange rates, and inflation. The risk management methodology segments exposures by risk factor (BRL/USD exchange rate risk, BRL fixed interest rate risk, USD foreign exchange coupon risk, inflation risk, among others). To mitigate these risks, the Bank primarily uses interest rate swaps, currency swaps, and futures contracts, designated as hedging instruments within hedge accounting structures. The results derived from hedging instruments and hedged items are recognized directly in the income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In cash flow hedging, Banco Santander (Brasil) S.A. hedges its exposure to cash flow variability, primarily associated with interest payments and exchange rate movements, arising from assets and liabilities denominated in foreign currency or at variable rates. To this end, futures contracts and interest rate swaps are used to provide predictability to future cash flows. The effective portion of the change in the value of the hedging instruments is temporarily recognized in equity and reclassified to profit or loss when the anticipated transaction occurs, while the ineffective portion is recognized directly in profit or loss. As of December 31, 2025, no amounts corresponding to the ineffective portion have been recorded.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, Banco Santander - Chile uses fair value hedges with cross currency swaps, interest rate swaps and call money swaps to hedge its exposure to changes in the fair value of the hedged item attributable to interest rates. The aforementioned hedging instruments modify the effective cost of long-term issues, from a fixed interest rate to a variable interest rate. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, it also makes cash flow hedges in which it uses cross currency swaps to cover the risk of variability of flows attributable to changes in the interest rate of bonds and interbank loans issued at variable rates, as well as to cover the variation of foreign currency, mainly in United States dollars. To hedge the inflation risk present in certain items, it uses both forwards and cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At Santander Bank, National Association, Interest Rate Swaps are used to leave commercial loans at a fixed rate at a variable rate in USD indexed to 1-month Libor or SOFR, under cash flow hedges.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">271</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1054"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-254"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDetailedInformationAboutHedgedItemsExplanatory" id="f-9890" continuedAt="f-9890-1" escape="true"><ix:continuation id="f-7682-20" continuedAt="f-7682-21"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the hedged items, the following table shows the detail of the type of hedging, the risk that is hedged and which products are being hedged  at 31 December 2025,  2024 and 2023. The products that are being hedged are mainly borrowed deposits, financial deposits, loans, government bonds as assets and financial bonds as liabilities: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:16.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.720%"/><td style="width:0.1%"/></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="padding:0 1pt"/><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance&#160;sheet&#160;line&#160;item</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3080" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-9891">166,907</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 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Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3080" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" scale="6" id="f-9893">191</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3080" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" scale="6" id="f-9894">490</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3081" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-9895">461</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3080" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:fixed-zero" scale="6" id="f-9896">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3080" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-9897">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3082" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-9898">152,380</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3082" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-9899">93,395</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" 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name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:fixed-zero" scale="6" id="f-9935">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3104" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:fixed-zero" scale="6" id="f-9936">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid 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style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4532" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:fixed-zero" scale="6" id="f-9942">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4532" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:fixed-zero" scale="6" id="f-9943">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4533" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:fixed-zero" scale="6" id="f-9944">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt 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#9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-9947">1,063</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3112" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-9948">401</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4534" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:fixed-zero" scale="6" id="f-9965">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4535" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:fixed-zero" scale="6" id="f-9966">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4535" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-9967">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3144" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-9968">19,666</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3144" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:fixed-zero" scale="6" id="f-9969">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3145" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-9970">136</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3144" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:num-dot-decimal" scale="6" id="f-9971">7,867</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3144" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" scale="6" id="f-9972">2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3146" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-9973">19,666</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3146" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:fixed-zero" scale="6" id="f-9974">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-9978">186,573</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-9979">107,124</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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#ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" scale="6" id="f-9981">490</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-9982">738</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:num-dot-decimal" scale="6" id="f-9983">7,466</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" scale="6" id="f-9984">237</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">272</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-255"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-9890-1"><ix:continuation id="f-7682-21" continuedAt="f-7682-22"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:16.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.720%"/><td style="width:0.1%"/></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance&#160;sheet&#160;line&#160;item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3154" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-9993">23,780</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3154" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:num-dot-decimal" scale="6" id="f-9994">1,345</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3154" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:num-dot-decimal" scale="6" id="f-9995">1,176</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3155" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-9996">343</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3154" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:fixed-zero" scale="6" id="f-9997">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:fixed-zero" scale="6" id="f-10004">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3158" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10005">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:fixed-zero" scale="6" id="f-10036">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4540" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:fixed-zero" scale="6" id="f-10037">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid 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solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4540" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10040">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3181" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-10044">156</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3180" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-10045">794</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3186" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-10048">213</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3186" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" scale="6" id="f-10049">19</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td 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Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3193" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-10050">40</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3192" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-10051">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3192" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10052">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3199" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-10053">69</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3198" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-10054">82</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3198" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" scale="6" id="f-10055">52</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3203" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-10056">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3202" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-10057">10</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3202" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10058">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3206" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-10059">23,559</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3206" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:fixed-zero" scale="6" id="f-10060">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3207" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-10061">420</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3206" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:num-dot-decimal" scale="6" id="f-10062">8,002</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3206" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10063">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3208" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-10064">23,559</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3208" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:fixed-zero" scale="6" id="f-10065">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td 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id="f-10067">8,002</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3208" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10068">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-10069">162,465</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-10070">32,642</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:num-dot-decimal" scale="6" id="f-10071">1,412</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-10073">1,445</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:num-dot-decimal" scale="6" id="f-10074">8,480</ix:nonFraction>)</span></td><td 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style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:16.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.016%"/><td style="width:0.1%"/></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance&#160;sheet&#160;line&#160;item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #c3dee7;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt 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Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3212" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:num-dot-decimal" scale="6" id="f-10078">1,798</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3212" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:num-dot-decimal" scale="6" id="f-10079">1,652</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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id="f-10095">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3218" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10096">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate 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solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3224" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" scale="6" id="f-10099">115</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3224" 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3224" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:fixed-zero" scale="6" id="f-10102">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3224" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10103">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4542" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:fixed-zero" scale="6" id="f-10105">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4542" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:fixed-zero" scale="6" id="f-10106">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4542" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:fixed-zero" scale="6" id="f-10107">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4543" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:fixed-zero" scale="6" id="f-10108">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4542" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:fixed-zero" scale="6" id="f-10109">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4542" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10110">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4544" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:fixed-zero" scale="6" id="f-10111">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4544" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:fixed-zero" scale="6" id="f-10112">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4544" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:fixed-zero" scale="6" id="f-10113">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4544" decimals="-6" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:fixed-zero" scale="6" id="f-10114">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4545" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:fixed-zero" scale="6" id="f-10115">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4544" decimals="-6" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:fixed-zero" scale="6" id="f-10116">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4544" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10117">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 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#ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3231" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-10118">1,824</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3230" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-10119">813</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3230" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" scale="6" id="f-10120">173</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3233" decimals="-6" sign="-" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-10121">2,182</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3232" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" scale="6" id="f-10122">797</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3232" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" scale="6" id="f-10123">77</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3239" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" scale="6" id="f-10124">500</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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id="f-10132">96</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" 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format="ixt:num-dot-decimal" scale="6" id="f-10136">18,706</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3258" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:fixed-zero" scale="6" id="f-10137">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3259" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-10138">1,888</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3258" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:num-dot-decimal" scale="6" id="f-10139">8,684</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3258" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10140">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3260" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-10141">18,706</ix:nonFraction>&#160;</span></td><td 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id="f-10144">8,684</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3260" decimals="-6" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" format="ixt:fixed-zero" scale="6" id="f-10145">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:HedgedItemAssets" format="ixt:num-dot-decimal" scale="6" id="f-10146">152,801</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:HedgedItemLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-10147">26,946</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges" format="ixt:num-dot-decimal" scale="6" id="f-10148">1,798</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro" format="ixt:num-dot-decimal" scale="6" id="f-10149">1,652</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" format="ixt:num-dot-decimal" scale="6" id="f-10150">1,992</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesContinuingHedges" format="ixt:num-dot-decimal" scale="6" id="f-10151">9,497</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:CashFlowReservesOrConversionReservesDiscontinuedHedges" scale="6" id="f-10152">173</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:9pt;text-align:center"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">273</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-256"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-7682-22" continuedAt="f-7682-23"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cumulative amount of adjustments of the fair value hedging instruments that remain in the balance for hedges items that are no longer adjusted by profit and loss of coverage as at 31 December 2025 is EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesAssets" scale="6" id="f-10153">227</ix:nonFraction> losses (EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesAssets" scale="6" id="f-10154">775</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesAssets" format="ixt:num-dot-decimal" scale="6" id="f-10155">1,006</ix:nonFraction>&#160;million losses in 2024 and 2023, respectively).</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfInformationAboutAmountsThatAffectedStatementOfComprehensiveIncomeAsResultOfHedgeAccountingExplanatory" id="f-10156" continuedAt="f-10156-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net impact of the hedges are shown in the following table:</span></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-10156-1" continuedAt="f-10156-2"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:25.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.347%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="padding:0 1pt"/><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective  recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3081" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10157">7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></div></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3083" decimals="-6" sign="-" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10158">33</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3091" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10159">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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scale="6" id="f-10182">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4553" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10183">136</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4553" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-10184">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4553" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10185">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4554" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10186">1,199</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4554" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10187">11</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4554" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" scale="6" id="f-10188">706</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">274</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-257"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-10156-2"><ix:continuation id="f-7682-23" continuedAt="f-7682-24"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:25.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.347%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective  recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3153" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10189">22</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3155" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10190">30</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3159" decimals="-6" sign="-" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10191">17</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4555" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-10195">1,256</ix:nonFraction>)</span></td><td 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name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10216">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4563" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10217">978</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:25.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.347%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective coverage recognised in the income statement</span></td><td 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statement</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3213" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10220">59</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3215" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10221">72</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3219" decimals="-6" sign="-" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10222">38</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10223">25</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4564" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10224">2,592</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4564" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10225">4</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4564" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-10226">2,622</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4565" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10227">2,179</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4565" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10228">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4565" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-10229">1,647</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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contextRef="c-4566" decimals="-6" sign="-" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10231">1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4566" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" scale="6" id="f-10232">416</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4567" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10233">164</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4567" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10234">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4567" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" scale="6" id="f-10235">431</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4568" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10236">233</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4568" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10237">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4568" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" scale="6" id="f-10238">128</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4569" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10239">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4569" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-10240">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4569" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" scale="6" id="f-10241">0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges<br/>hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4570" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10242">1,888</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4570" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-10243">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4570" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10244">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4571" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10245">1,888</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4571" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" format="ixt:fixed-zero" scale="6" id="f-10246">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4571" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10247">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4572" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10248">704</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4572" decimals="-6" name="ifrs-full:GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" scale="6" id="f-10249">63</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4572" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-10250">2,622</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">275</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-258"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfReconciliationOfHedgingComponentsInOtherComprehensiveIncomeTableTextBlock" id="f-10251" continuedAt="f-10251-1" escape="true"><ix:continuation id="f-7682-24" continuedAt="f-7682-25"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the movement in the impact of equity for the year:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:60.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.555%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:ReserveOfHedgingInstruments" format="ixt:num-dot-decimal" scale="6" id="f-10252">8,300</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:ReserveOfHedgingInstruments" format="ixt:num-dot-decimal" scale="6" id="f-10253">9,424</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-241" decimals="-6" sign="-" name="san:ReserveOfHedgingInstruments" format="ixt:num-dot-decimal" scale="6" id="f-10254">9,187</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3113" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10255">1,049</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3179" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10256">558</ix:nonFraction></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3231" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10257">2,592</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3115" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10258">1,155</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3181" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10259">163</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3233" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10260">2,179</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4573" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10261">19</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4574" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10262">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4575" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10263">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value - recognized in equity</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4573" decimals="-6" sign="-" name="san:GainLossInValueRecognisedInEquity" scale="6" id="f-10264">19</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4574" decimals="-6" name="san:GainLossInValueRecognisedInEquity" format="ixt:fixed-zero" scale="6" id="f-10265">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4575" decimals="-6" name="san:GainLossInValueRecognisedInEquity" format="ixt:fixed-zero" scale="6" id="f-10266">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4573" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10267">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4574" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10268">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4575" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10269">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4573" decimals="-6" name="san:OtherReclassificationAdjustmentsReserveOfHedgingInstruments" format="ixt:fixed-zero" scale="6" id="f-10270">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4574" decimals="-6" name="san:OtherReclassificationAdjustmentsReserveOfHedgingInstruments" format="ixt:fixed-zero" scale="6" id="f-10271">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4575" decimals="-6" name="san:OtherReclassificationAdjustmentsReserveOfHedgingInstruments" format="ixt:fixed-zero" scale="6" id="f-10272">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4576" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10273">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4577" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10274">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4578" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10275">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td 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name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10320">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4549" decimals="-6" 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id="f-10338">105</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3141" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10339">16</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 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id="f-10341">9</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4591" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10342">6</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4592" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10343">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid 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colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4591" decimals="-6" sign="-" name="san:GainLossInValueRecognisedInEquity" scale="6" id="f-10345">8</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4592" decimals="-6" name="san:GainLossInValueRecognisedInEquity" format="ixt:fixed-zero" scale="6" id="f-10346">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4593" decimals="-6" name="san:GainLossInValueRecognisedInEquity" format="ixt:fixed-zero" scale="6" id="f-10347">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4591" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" scale="6" id="f-10348">2</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4592" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10349">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4593" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10350">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4591" decimals="-6" name="san:OtherReclassificationAdjustmentsReserveOfHedgingInstruments" format="ixt:fixed-zero" scale="6" id="f-10351">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4592" decimals="-6" name="san:OtherReclassificationAdjustmentsReserveOfHedgingInstruments" format="ixt:fixed-zero" scale="6" id="f-10352">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4593" decimals="-6" name="san:OtherReclassificationAdjustmentsReserveOfHedgingInstruments" format="ixt:fixed-zero" scale="6" id="f-10353">&#8212;</ix:nonFraction>&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4594" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10354">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4595" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10355">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4596" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10356">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4551" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10357">10</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 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style="width:1.0%"/><td style="width:11.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.555%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4551" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10360">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4560" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10361">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4569" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10362">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4551" decimals="-6" sign="-" name="san:GainLossInValueRecognisedInEquity" scale="6" id="f-10363">10</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4560" decimals="-6" sign="-" name="san:GainLossInValueRecognisedInEquity" scale="6" id="f-10364">2</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4569" decimals="-6" name="san:GainLossInValueRecognisedInEquity" scale="6" id="f-10365">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3145" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10366">136</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3207" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10367">420</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3259" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10368">1,888</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3147" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10369">136</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3209" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10370">420</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3261" decimals="-6" sign="-" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10371">1,888</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4597" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10372">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4598" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10373">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4599" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10374">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4600" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10375">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4601" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10376">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4602" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10377">&#8212;</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4553" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" scale="6" id="f-10378">136</ix:nonFraction></span><span style="color:#990000;font-family:'Santander 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name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-10380">1,888</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4553" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10381">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4562" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" format="ixt:fixed-zero" scale="6" id="f-10382">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4571" decimals="-6" name="san:ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax" 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style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4618" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10414">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4619" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10415">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4620" decimals="-6" name="san:GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-10416">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Minorities, taxes and others</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3145" decimals="-6" sign="-" name="san:NonControllingInterestRelatingToCashFlowHedgesOfOtherComprehensiveIncome" scale="6" id="f-10417">330</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3207" decimals="-6" name="san:NonControllingInterestRelatingToCashFlowHedgesOfOtherComprehensiveIncome" scale="6" id="f-10418">146</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3259" decimals="-6" sign="-" name="san:NonControllingInterestRelatingToCashFlowHedgesOfOtherComprehensiveIncome" scale="6" id="f-10419">941</ix:nonFraction>)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:ReserveOfHedgingInstruments" format="ixt:num-dot-decimal" scale="6" id="f-10420">7,445</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:ReserveOfHedgingInstruments" format="ixt:num-dot-decimal" scale="6" id="f-10421">8,300</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:ReserveOfHedgingInstruments" format="ixt:num-dot-decimal" scale="6" id="f-10422">9,424</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1057"></div><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:6pt"><span id="ic1d8f02e12654495ba1a5bbaf4cfb8c9"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">37. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory" id="f-10423" continuedAt="f-10423-1" escape="true">Discontinued operations</ix:nonNumeric></span></div><ix:continuation id="f-10423-1" continuedAt="f-10423-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result of the agreement for the sale of part of the Polish business, the effect of these businesses on the consolidated income statement of 2025 has been classified under the line item 'Profit/(loss) after tax from discontinued operations', with the same classification applied for comparative purposes in the consolidated income statement of years 2024 and 2023 (see Note 3).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i3e43c14d3f6246aaa8000757a85fe2db"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DiscontinuedOperationsConsolidatedIncomeAndCashFlowStatementsTableTextBlock" id="f-10424" continuedAt="f-10424-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is a breakdown of the heading 'Profit/loss after tax from discontinued operations' at 31 December of 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Bank Polska (Note 3)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1630" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-10425">1,542</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1631" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-10426">1,241</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1632" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-10427">1,058</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Profit/loss after tax from discontinued operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-10428">1,542</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-10429">1,241</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-10430">1,058</ix:nonFraction></span></td></tr></table></div></ix:nonNumeric></ix:continuation><div style="margin-bottom:6pt;margin-top:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">276</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-259"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-10423-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="id047b6c8096344d99edc2514b6af0369"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Gains or losses from entities held for sale</span></div><ix:continuation id="f-10424-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following are the consolidated summary profit and loss accounts for the business held for sale in Poland:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated income statements</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest margin</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" id="f-10431">3,006</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" id="f-10432">2,881</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" id="f-10433">2,611</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividend income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10434">4</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10435">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10436">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-10437">28</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-10438">24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" scale="6" id="f-10439">22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net commissions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-10440">685</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-10441">634</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-10442">562</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net trading income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-10443">74</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-10444">62</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="ifrs-full:TradingIncomeExpense" scale="6" id="f-10445">68</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating results</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" sign="-" name="ifrs-full:OtherOperatingIncomeExpense" scale="6" id="f-10446">77</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" sign="-" name="ifrs-full:OtherOperatingIncomeExpense" scale="6" id="f-10447">109</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" sign="-" name="ifrs-full:OtherOperatingIncomeExpense" scale="6" id="f-10448">94</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 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decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-10450">3,496</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-10451">3,172</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1634" decimals="-6" name="san:AdministrativeExpensesDepreciationAndAmortisationCost" scale="6" id="f-10453">885</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1635" decimals="-6" name="san:AdministrativeExpensesDepreciationAndAmortisationCost" scale="6" id="f-10454">793</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment of financial assets</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1633" decimals="-6" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" scale="6" id="f-10455">285</ix:nonFraction>)</span></td><td 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name="ifrs-full:InterestExpenseOnDepositsFromCustomers" format="ixt:num-dot-decimal" scale="6" id="f-10493">35,714</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:InterestExpenseOnDepositsFromCustomers" format="ixt:num-dot-decimal" scale="6" id="f-10494">32,457</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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contextRef="c-86" decimals="-6" name="ifrs-full:InterestExpenseOnDebtInstrumentsIssued" format="ixt:num-dot-decimal" scale="6" id="f-10496">14,612</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:InterestExpenseOnDebtInstrumentsIssued" format="ixt:num-dot-decimal" scale="6" id="f-10497">12,671</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Most of the interest expense and similar charges was generated by the Group&#8217;s financial liabilities that are measured at amortised cost.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1066"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i8cf3b92847394e56acac5f1b08704808"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">40. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfDividendsExplanatory" id="f-10519" continuedAt="f-10519-1" escape="true">Dividend income</ix:nonNumeric></span></div><ix:continuation id="f-10519-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Dividend income includes the dividends and payments on equity instruments out of profits generated by investees after the acquisition of the equity interest.</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDividendsTableTextBlock" id="f-10520" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of income from dividends as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:53.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.023%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.025%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 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style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4624" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10521">556</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4625" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10522">521</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-90" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10529">86</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10530">715</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10531">710</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:RevenueFromDividends" scale="6" id="f-10532">568</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1069"></div><div style="margin-bottom:6pt;margin-top:24pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">277</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-260"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span id="i75441ef73b574be2983a7f5196ea6976"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">41. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFeeAndCommissionIncomeTextBlock" id="f-10533" continuedAt="f-10533-1" escape="true">Commission income</ix:nonNumeric></span></div><ix:continuation id="f-10533-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Commission income comprises the amount of all fees and commissions accruing in favour of the Group in the year, except those that form an integral part of the effective interest rate on financial instruments.</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFeeAndCommissionIncomeTableTextBlock" id="f-10534" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of fee and commission income is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Coming from collection and payment services</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bills</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeBills" scale="6" id="f-10535">209</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeBills" scale="6" id="f-10536">220</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeBills" scale="6" id="f-10537">232</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand accounts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeDemandAccounts" format="ixt:num-dot-decimal" scale="6" id="f-10538">1,359</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeDemandAccounts" format="ixt:num-dot-decimal" scale="6" id="f-10539">1,411</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeDemandAccounts" format="ixt:num-dot-decimal" scale="6" id="f-10540">1,372</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cards</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeCards" format="ixt:num-dot-decimal" scale="6" id="f-10541">4,039</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeCards" format="ixt:num-dot-decimal" scale="6" id="f-10542">4,067</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeCards" format="ixt:num-dot-decimal" scale="6" id="f-10543">4,146</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Orders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeOrders" scale="6" id="f-10544">607</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeOrders" scale="6" id="f-10545">657</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeOrders" scale="6" id="f-10546">656</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cheques and other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeChequesAndOther" scale="6" id="f-10547">140</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeChequesAndOther" scale="6" id="f-10548">138</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:CreditRelatedFeeAndCommissionIncomeChequesAndOther" scale="6" id="f-10549">128</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:CreditrelatedFeeAndCommissionIncome" format="ixt:num-dot-decimal" scale="6" id="f-10550">6,354</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:CreditrelatedFeeAndCommissionIncome" format="ixt:num-dot-decimal" scale="6" id="f-10551">6,493</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:AssignedThirdPartyCommissionsCollectionExpense" scale="6" id="f-10615">30</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:AssignedThirdPartyCommissionsCollectionExpense" scale="6" id="f-10616">30</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:AssignedThirdPartyCommissionsCollectionExpense" scale="6" id="f-10617">24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees and other commitments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:AssignedThirdPartyCommissionsExpenseFinancialGuaranteesAndOtherCommitments" scale="6" id="f-10618">359</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:AssignedThirdPartyCommissionsExpenseFinancialGuaranteesAndOtherCommitments" scale="6" id="f-10619">323</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:BrokerageFeeExpense" scale="6" id="f-10621">130</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:BrokerageFeeExpense" scale="6" id="f-10622">181</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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name="san:CommissionsOnSalesOfInsuranceAndFunds" scale="6" id="f-10624">456</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:CommissionsOnSalesOfInsuranceAndFunds" scale="6" id="f-10625">453</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:CommissionsOnSalesOfInsuranceAndFunds" scale="6" id="f-10626">352</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fees and commissions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherFeeAndCommissionExpense" format="ixt:num-dot-decimal" scale="6" id="f-10627">1,692</ix:nonFraction>&#160;</span></td><td 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name="ifrs-full:OtherFeeAndCommissionExpense" format="ixt:num-dot-decimal" scale="6" id="f-10629">1,429</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:FeeAndCommissionExpense" format="ixt:num-dot-decimal" scale="6" id="f-10630">4,411</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:FeeAndCommissionExpense" format="ixt:num-dot-decimal" scale="6" id="f-10631">4,458</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:FeeAndCommissionExpense" format="ixt:num-dot-decimal" scale="6" id="f-10632">4,149</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1075"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="if2043631826744a19e97a278b27fe68e"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">43. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFinancialInstrumentsExplanatory" id="f-10633" continuedAt="f-10633-1" escape="true">Gains or losses on financial assets and liabilities</ix:nonNumeric></span></div><ix:continuation id="f-10633-1" continuedAt="f-10633-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following information is presented below regarding the gains or losses recorded for financial assets or liabilities:</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i83bfac63a19742548b151d90683cb331"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfGainsLossesOnFinancialAssetsAndLiabilitiesTableTextBlock" id="f-10634" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by origin, of Gains/losses on financial assets and liabilities:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4630" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossOtherThanThoseMeasuredAtAmortisedCostNet" scale="6" id="f-10644">133</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4631" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossOtherThanThoseMeasuredAtAmortisedCostNet" scale="6" id="f-10645">50</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4632" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossOtherThanThoseMeasuredAtAmortisedCostNet" scale="6" id="f-10646">51</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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scale="6" id="f-10647">1,017</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-10648">1,344</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-10649">2,316</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10650">1,106</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" scale="6" id="f-10651">495</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesNet" format="ixt:num-dot-decimal" scale="6" id="f-10660">2,427</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:GainsLossesOnFinancialAssetsAndLiabilitiesNet" format="ixt:num-dot-decimal" scale="6" id="f-10661">2,587</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments.</span></div></ix:nonNumeric><div style="margin-bottom:9pt"><span><br/></span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfExchangeDifferencesNetTableTextBlock" id="f-10662" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As explained in note 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net':</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-10663">407</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-10664">216</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" scale="6" id="f-10665">22</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:nonNumeric></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">278</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-261"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-10633-2" continuedAt="f-10633-3"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8fbc9dd376b94fc4a7f56b206a169c54"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Financial assets and liabilities at fair value through profit or loss</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFinancialAssetsAtFairValueThroughProfitOrLossTableTextBlock" id="f-10666" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the amount of the asset balances is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:54.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.717%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables:</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-14" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10667">80,218</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-15" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10668">72,931</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-16" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10669">51,072</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-17" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10670">14,632</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-18" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10671">12,966</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-19" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10672">17,717</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-20" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10673">26,380</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-21" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10674">27,722</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-22" decimals="-6" name="san:FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-10675">14,520</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td 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Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the exposure to credit risk of the derivatives presented in the balance sheet is not significant because they are subject to netting and collateral agreements (see note 51.d).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loans and advances to credit institutions and Loans and advances includes reverse repos amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-4633" decimals="-6" name="ifrs-full:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" format="ixt:num-dot-decimal" scale="6" id="f-10691">71,129</ix:nonFraction> million at 31 December 2025.</span></div><div 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note&#160;43).</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1081"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="id72cb740c1304ecdaa97ba55aa6c6091"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">45. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory" id="f-10727" continuedAt="f-10727-1" escape="true">Other operating income and expenses</ix:nonNumeric></span></div><ix:continuation id="f-10727-1" continuedAt="f-10727-2"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherOperatingIncomeExpenseTableTextBlock" id="f-10728" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other operating income and Other operating expenses in the consolidated income statements include:</span></div><div 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherOperatingIncome1" format="ixt:num-dot-decimal" scale="6" id="f-10729">1,583</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherOperatingIncome1" scale="6" id="f-10730">846</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherOperatingIncome1" format="ixt:num-dot-decimal" scale="6" id="f-10731">1,137</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non- financial services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:NonFinancialServicesOtherIncomeOperating" scale="6" id="f-10732">738</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:NonFinancialServicesOtherIncomeOperating" scale="6" id="f-10733">654</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:NonFinancialServicesOtherIncomeOperating" scale="6" id="f-10734">752</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:MiscellaneousOtherOperatingIncome" scale="6" id="f-10735">845</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:MiscellaneousOtherOperatingIncome" scale="6" id="f-10736">192</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:MiscellaneousOtherOperatingIncome" scale="6" id="f-10737">385</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-10738">2,429</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:OtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-10739">2,595</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-10740">3,066</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:NonFinancialServicesOtherExpenseOperating" scale="6" id="f-10741">650</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:NonFinancialServicesOtherExpenseOperating" scale="6" id="f-10742">498</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:NonFinancialServicesOtherExpenseOperating" scale="6" id="f-10743">674</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating expense:</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:MiscellaneousOtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-10744">1,779</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:MiscellaneousOtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-10745">2,097</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:MiscellaneousOtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-10746">2,392</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, credit institutions deposit guarantee fund and single resolution fund</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:DepositGuaranteeFundMiscellaneousOtherOperatingExpense" scale="6" id="f-10747">478</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:DepositGuaranteeFundMiscellaneousOtherOperatingExpense" scale="6" id="f-10748">481</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:DepositGuaranteeFundMiscellaneousOtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-10749">1,083</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="ifrs-full:OtherOperatingIncomeExpense" scale="6" id="f-10750">846</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:OtherOperatingIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-10751">1,749</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="ifrs-full:OtherOperatingIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-10752">1,929</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the 2025 and 2024 financial years, it was decided that there will not be contribution in Spain to the Single Resolution Fund, as well as a decrease in the contribution to the Deposit Guarantee Fund, by the Single Resolution Board (SRB) and the Deposit Guarantee Fund  Management Committee, respectively. </span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:continuation id="f-10727-2">The amount of the Group recognises in relation to income from sub-leases of rights of use is not material.</ix:continuation> </span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1084"></div><div style="margin-bottom:6pt;margin-top:15pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">279</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-262"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:15pt"><span id="i694419efa27747709be44f0a2ef310d7"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">46. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfEmployeeBenefitsExplanatory" id="f-10753" continuedAt="f-10753-1" escape="true">Staff costs</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1090"></div><ix:continuation id="f-10753-1" continuedAt="f-10753-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4d455e9c5acf4839a8e63a9d139c4059"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDetailedInformationAboutPersonnelExpensesExplanatoryTableTextBlock" id="f-10754" escape="true"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Staff costs is as follows:</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:59.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.173%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wages and salaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:WagesAndSalaries" format="ixt:num-dot-decimal" scale="6" id="f-10755">10,351</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:WagesAndSalaries" format="ixt:num-dot-decimal" scale="6" id="f-10756">10,567</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:WagesAndSalaries" format="ixt:num-dot-decimal" scale="6" id="f-10757">10,042</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Social Security costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:SocialSecurityContributions" format="ixt:num-dot-decimal" scale="6" id="f-10758">1,680</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:SocialSecurityContributions" format="ixt:num-dot-decimal" scale="6" id="f-10759">1,644</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:SocialSecurityContributions" format="ixt:num-dot-decimal" scale="6" id="f-10760">1,576</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions to provisions for defined benefit pension plans (note&#160;25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-10761">41</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-10762">45</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" scale="6" id="f-10763">42</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions to defined contribution pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-10764">332</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" scale="6" id="f-10765">354</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherEmployeeExpense" format="ixt:num-dot-decimal" scale="6" id="f-10767">1,252</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:OtherEmployeeExpense" format="ixt:num-dot-decimal" scale="6" id="f-10768">1,241</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherEmployeeExpense" format="ixt:num-dot-decimal" scale="6" id="f-10769">1,332</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:EmployeeBenefitsExpense" format="ixt:num-dot-decimal" scale="6" id="f-10770">13,656</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:EmployeeBenefitsExpense" format="ixt:num-dot-decimal" scale="6" id="f-10771">13,851</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:EmployeeBenefitsExpense" format="ixt:num-dot-decimal" scale="6" id="f-10772">13,299</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1093"></div><ix:continuation id="f-10753-2" continuedAt="f-10753-3"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ifd243c4bb6e9420a9a49d48b3e7fe5b3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Headcount</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The number of employees of Grupo Santander at 31 December 2025, 2024 and 2023 is <ix:nonFraction unitRef="employee" contextRef="c-2" decimals="INF" name="ifrs-full:NumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10773">198,403</ix:nonFraction>, <ix:nonFraction unitRef="employee" contextRef="c-3" decimals="INF" name="ifrs-full:NumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10774">206,753</ix:nonFraction> and <ix:nonFraction unitRef="employee" contextRef="c-4" decimals="INF" name="ifrs-full:NumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10775">212,764</ix:nonFraction>, respectively. For the years 2025, 2024 and 2023 the average number of employees of the Group is <ix:nonFraction unitRef="people" contextRef="c-1" decimals="0" name="ifrs-full:AverageNumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10776">203,572</ix:nonFraction>, <ix:nonFraction unitRef="people" contextRef="c-86" decimals="0" name="ifrs-full:AverageNumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10777">209,371</ix:nonFraction> and <ix:nonFraction unitRef="people" contextRef="c-87" decimals="0" name="ifrs-full:AverageNumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10778">211,135</ix:nonFraction> , respectively, being the average number of employees of Banco Santander, S.A. <ix:nonFraction unitRef="people" contextRef="c-4636" decimals="0" name="ifrs-full:AverageNumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10779">23,207</ix:nonFraction>, <ix:nonFraction unitRef="people" contextRef="c-4637" decimals="0" name="ifrs-full:AverageNumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10780">23,839</ix:nonFraction> and <ix:nonFraction unitRef="people" contextRef="c-4638" decimals="0" name="ifrs-full:AverageNumberOfEmployees" format="ixt:num-dot-decimal" scale="0" id="f-10781">24,061</ix:nonFraction>, of which <ix:nonFraction unitRef="people" contextRef="c-4639" decimals="0" name="ifrs-full:AverageNumberOfEmployees" scale="0" id="f-10782">17</ix:nonFraction>, <ix:nonFraction unitRef="people" contextRef="c-4640" decimals="0" name="ifrs-full:AverageNumberOfEmployees" scale="0" id="f-10783">15</ix:nonFraction> and <ix:nonFraction unitRef="people" contextRef="c-4641" decimals="0" name="ifrs-full:AverageNumberOfEmployees" scale="0" id="f-10784">16</ix:nonFraction> are executive directors and Senior management, respectively.</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfDetailedInformationAboutEmployeeByGenderExplanatoryTableTextBlock" id="f-10785" continuedAt="f-10785-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The functional breakdown (final employment), by gender, at 31 December&#160;2025 is as follows:</span></div></ix:nonNumeric></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-10753-3" continuedAt="f-10753-4"><ix:continuation id="f-10785-1"><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:11.232%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.397%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.180%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.180%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.815%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.542%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.289%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.180%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.883%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.666%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.394%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.289%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.586%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.883%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.784%"/><td style="width:0.1%"/></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Functional&#160;breakdown&#160;by&#160;gender</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other employees</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-10791">5,052</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-4645" decimals="0" name="san:NumberOfOthersEmployees" format="ixt:fixed-zero" scale="0" id="f-10792">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-4645" decimals="0" 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id="f-10832">5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-4665" decimals="0" name="san:NumberOfUndeclaredEmployees" scale="0" id="f-10833">41</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Senior Executives includes employees with job profiles under the following harmonized management levels: Senior Executive VP. Executive VP and VP. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Other Executives includes Directors, Mangers, Experts and Branch Managers.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: This includes employees related to the Group's business held for sale in Poland.</span></div></ix:continuation><div style="padding-left:7.09pt;padding-right:263.62pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The labour relations between employees and the various Group companies are governed by the related collective agreements or similar regulations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The number of Group employees with disabilities at 31 December 2025, 2024 and 2023, was <ix:nonFraction unitRef="people" contextRef="c-1" decimals="INF" name="san:AverageNumberOfEmployeesWithDisabilities" format="ixt:num-dot-decimal" scale="0" id="f-10834">4,854</ix:nonFraction>, <ix:nonFraction unitRef="employee" contextRef="c-86" decimals="INF" name="san:AverageNumberOfEmployeesWithDisabilities" format="ixt:num-dot-decimal" scale="0" id="f-10835">4,828</ix:nonFraction> and <ix:nonFraction unitRef="employee" contextRef="c-87" decimals="INF" name="san:AverageNumberOfEmployeesWithDisabilities" format="ixt:num-dot-decimal" scale="0" id="f-10836">4,701</ix:nonFraction>, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, the average number of employees of Banco Santander, S.A. with disabilities, equal to or greater than <ix:nonFraction unitRef="number" contextRef="c-4666" decimals="2" name="san:EmployeesWithDisabilitiesThresholdDegreeOfDisability" scale="-2" id="f-10837">33</ix:nonFraction>%, during 2025 was <ix:nonFraction unitRef="employee" contextRef="c-4666" decimals="INF" name="san:AverageNumberOfEmployeesWithDisabilities" scale="0" id="f-10838">419</ix:nonFraction> (<ix:nonFraction unitRef="employee" contextRef="c-4667" decimals="INF" name="san:AverageNumberOfEmployeesWithDisabilities" scale="0" id="f-10839">435</ix:nonFraction> and <ix:nonFraction unitRef="employee" contextRef="c-4668" decimals="INF" name="san:AverageNumberOfEmployeesWithDisabilities" scale="0" id="f-10840">428</ix:nonFraction> employees during 2024 and 2023). At the end of fiscal year 2025, there were <ix:nonFraction unitRef="employee" contextRef="c-1730" decimals="INF" name="san:NumberOfEmployeesWithDisabilitiesAtEndOfPeriod" scale="0" id="f-10841">413</ix:nonFraction> employees (<ix:nonFraction unitRef="employee" contextRef="c-1731" decimals="INF" name="san:NumberOfEmployeesWithDisabilitiesAtEndOfPeriod" scale="0" id="f-10842">432</ix:nonFraction> and <ix:nonFraction unitRef="employee" contextRef="c-1732" decimals="INF" name="san:NumberOfEmployeesWithDisabilitiesAtEndOfPeriod" scale="0" id="f-10843">436</ix:nonFraction> employees at 31 December, 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to <ix:nonFraction unitRef="number" contextRef="c-2505" decimals="2" name="san:EmployeesWithDisabilitiesThresholdDegreeOfDisability" scale="-2" id="f-10844">33</ix:nonFraction>%.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span id="i6425136598324ad399e750687187848e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Share-based payments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main share-based payments granted by the Group in force at 31 December,&#160;2025, 2024 and 2023 are described below.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i634d8e2aa9134b8783b4118d8b879f0e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Bank</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The variable remuneration policy for the Bank&#8217;s executive directors and certain executive personnel of the Bank and of other Group companies includes Bank share-based payments, the implementation of which requires, in conformity with the law and the Bank&#8217;s Bylaws, specific resolutions to be adopted by the general meeting.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Were it necessary or advisable for legal, regulatory or other similar reasons, the delivery mechanisms described below may be adapted in specific cases without altering the maximum number of shares linked to the plan or the essential conditions to which the delivery thereof is subject. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">280</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-263"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-10753-4" continuedAt="f-10753-5"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These adaptations may involve replacing the delivery of shares with the delivery of cash amounts of an equal value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The plans that include share-based payments are as follows: (i)&#160;Deferred and Conditional Variable Remuneration Plan; (ii)&#160;Deferred Multiyear Objectives Variable Remuneration Plan; (iii)&#160;Digital Transformation Award, (iv) Digital Transformation Award 2022, Digital Transformation Award 2023 and (vi) PagoNxt incentive Plan 2024 and 2025 for Santander executives. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfTermsAndConditionsOfDeferredVariableRemunerationPlansTableTextBlock" id="f-10845" continuedAt="f-10845-1" escape="true">The characteristics of the plans are set forth below: </ix:nonNumeric></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-10845-1" continuedAt="f-10845-2"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.235%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(i) Deferred and conditional variable remuneration plan (2015, 2016, 2017, 2018, 2019, 2020, 2021,  2022, 2023, 2024 and 2025)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of <ix:nonNumeric contextRef="c-4669" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10846">three years</ix:nonNumeric> for the sixth cycles, over <span style="-sec-ix-hidden:f-10847">three</span> or <ix:nonNumeric contextRef="c-4671" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10848">five years</ix:nonNumeric> for the fifth, seventh, eighth, ninth, tenth and eleventh cycles, and over <span style="-sec-ix-hidden:f-10849">four</span> or <ix:nonNumeric contextRef="c-4673" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10850">five years</ix:nonNumeric> for the twelfth cycle, for it to be paid, where appropriate, in cash and in Santander shares. The other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Beneficiaries:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as executives and employees who assume risks (fifth cycle).</span></div><div><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">In the case of the sixth, seventh, eighth, ninth, tenth, eleventh twelfth, thirteenth, fourteenth and fifteenth cycle the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">For the fifth and sixth cycles (2015 to 2016), the accrual of the deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations on none of the following circumstances existing during the period prior to each delivery, pursuant to the provisions set forth in each case in the plan regulations: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Poor financial performance of the Group.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Breach by the beneficiary of internal regulations, including, in particular, those relating to risks.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Significant changes in the Group&#8217;s economic capital or risk profile</span></div><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the case of the seventh, eighth, ninth, tenth, eleventh, twelfth, thirteenth, fourteenth and fifteenth cycles, the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to non-occurrence of a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:10.75pt">significant failures in risk management by the entity , or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.1pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.45pt">Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Fifth cycle (2015):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than <ix:nonFraction unitRef="eur" contextRef="c-4674" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10851">2.6</ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4675" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10852">40</ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4675" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10853">60</ix:nonFraction>% deferred over <ix:nonNumeric contextRef="c-4674" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10854">5</ix:nonNumeric> years deferral period.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Division managers, country heads (of countries which represent at least <ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:VariableRemunerationMinimumGroupsEconomicCapital" scale="-2" id="f-10855">1</ix:nonFraction>% of Group's economic capital), other executives of the Group with a similar profile and members of the Identified Staff  with total variable remuneration between <ix:nonFraction unitRef="eur" contextRef="c-4676" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10856">1.7</ix:nonFraction> million euros (<ix:nonFraction unitRef="eur" contextRef="c-4677" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10857">1.8</ix:nonFraction> million in fourth cycle) and <ix:nonFraction unitRef="eur" contextRef="c-4678" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10858">2.6</ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4679" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10859">50</ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4679" decimals="INF" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10860">50</ix:nonFraction>% deferred over  <ix:nonNumeric contextRef="c-4680" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10861">5</ix:nonNumeric> years (fifth cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries: <ix:nonFraction unitRef="number" contextRef="c-4681" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10862">60</ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4681" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10863">40</ix:nonFraction>% deferred over <ix:nonNumeric contextRef="c-4681" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10864">3</ix:nonNumeric> years.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Sixth cycle (2016):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt"><ix:nonFraction unitRef="number" contextRef="c-4669" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10865">60</ix:nonFraction>% of bonus will be paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4669" decimals="INF" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10866">40</ix:nonFraction>%  deferred over a <span style="-sec-ix-hidden:f-10867">three</span> year period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to <ix:nonFraction unitRef="eur" contextRef="c-4682" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10868">2.7</ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4682" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10869">40</ix:nonFraction>%  paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4682" decimals="INF" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10870">60</ix:nonFraction>% deferred over <ix:nonNumeric contextRef="c-4682" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10871">5</ix:nonNumeric> years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between <ix:nonFraction unitRef="eur" contextRef="c-4683" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10872">1.7</ix:nonFraction> million euros and <ix:nonFraction unitRef="eur" contextRef="c-4684" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10873">2.7</ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4685" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10874">50</ix:nonFraction>% paid immediately and 50%paid over <ix:nonNumeric contextRef="c-4685" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10875">5</ix:nonNumeric> years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries of these plans: 60% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4686" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10876">40</ix:nonFraction>% deferred over <ix:nonNumeric contextRef="c-4686" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10877">3</ix:nonNumeric> years.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Twelfth (2022), thirteenth (2023),fourteenth (2024) and fifteenth (2025) cycle:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to <ix:nonFraction unitRef="eur" contextRef="c-4687" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10878"><ix:nonFraction unitRef="eur" contextRef="c-4688" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10879"><ix:nonFraction unitRef="eur" contextRef="c-4689" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10880">2.7</ix:nonFraction></ix:nonFraction></ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4687" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10881"><ix:nonFraction unitRef="number" contextRef="c-4688" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10882"><ix:nonFraction unitRef="number" contextRef="c-4689" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10883">40</ix:nonFraction></ix:nonFraction></ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4689" decimals="INF" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10884"><ix:nonFraction unitRef="number" contextRef="c-4688" decimals="INF" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10885"><ix:nonFraction unitRef="number" contextRef="c-4687" decimals="INF" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10886">60</ix:nonFraction></ix:nonFraction></ix:nonFraction>% deferred over <ix:nonNumeric contextRef="c-4687" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10887"><ix:nonNumeric contextRef="c-4689" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10888"><ix:nonNumeric contextRef="c-4688" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10889">5</ix:nonNumeric></ix:nonNumeric></ix:nonNumeric> years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between <ix:nonFraction unitRef="eur" contextRef="c-4690" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10890"><ix:nonFraction unitRef="eur" contextRef="c-4691" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10891"><ix:nonFraction unitRef="eur" contextRef="c-4692" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10892">1.7</ix:nonFraction></ix:nonFraction></ix:nonFraction> million euros and <ix:nonFraction unitRef="eur" contextRef="c-4693" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10893"><ix:nonFraction unitRef="eur" contextRef="c-4694" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10894"><ix:nonFraction unitRef="eur" contextRef="c-4695" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10895">2.7</ix:nonFraction></ix:nonFraction></ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4696" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10896"><ix:nonFraction unitRef="number" contextRef="c-4697" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10897"><ix:nonFraction unitRef="number" contextRef="c-4698" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10898">50</ix:nonFraction></ix:nonFraction></ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4698" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10899"><ix:nonFraction unitRef="number" contextRef="c-4697" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10900"><ix:nonFraction unitRef="number" contextRef="c-4696" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10901">50</ix:nonFraction></ix:nonFraction></ix:nonFraction>% paid over <ix:nonNumeric contextRef="c-4696" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10902"><ix:nonNumeric contextRef="c-4698" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10903"><ix:nonNumeric contextRef="c-4697" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10904">5</ix:nonNumeric></ix:nonNumeric></ix:nonNumeric> years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries of these plans: <ix:nonFraction unitRef="number" contextRef="c-4699" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10905"><ix:nonFraction unitRef="number" contextRef="c-4700" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10906"><ix:nonFraction unitRef="number" contextRef="c-4701" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10907">60</ix:nonFraction></ix:nonFraction></ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4699" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10908"><ix:nonFraction unitRef="number" contextRef="c-4700" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10909"><ix:nonFraction unitRef="number" contextRef="c-4701" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10910">40</ix:nonFraction></ix:nonFraction></ix:nonFraction>% deferred over <ix:nonNumeric contextRef="c-4701" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10911"><ix:nonNumeric contextRef="c-4700" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10912"><ix:nonNumeric contextRef="c-4699" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10913">4</ix:nonNumeric></ix:nonNumeric></ix:nonNumeric> years.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">T</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span><br/></span></div></td></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">281</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-264"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-10845-2" continuedAt="f-10845-3"><ix:continuation id="f-10753-5" continuedAt="f-10753-6"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.235%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group&#8217;s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of <span style="-sec-ix-hidden:f-10914">three</span> or <ix:nonNumeric contextRef="c-4703" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10915">five years</ix:nonNumeric> (<span style="-sec-ix-hidden:f-10916">four</span> or <ix:nonNumeric contextRef="c-4705" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10917">five years</ix:nonNumeric> for the seventh cycle) for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares (regarding the instruments part, executive directors in the seventh cycle have the opportunity to choose all in share options or half in share options and half in shares), upon commencement of the cycles, in accordance with the rules set forth below. The accrual of the last third of the deferral (in the case of <ix:nonNumeric contextRef="c-4706" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10918">3</ix:nonNumeric> years deferral), the last 2 fourths (in the case of <ix:nonNumeric contextRef="c-4707" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10919">4</ix:nonNumeric> years deferral) and the last three fifths (in the case of <ix:nonNumeric contextRef="c-4708" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10920">5</ix:nonNumeric> years deferral) is also subject to long-term objectives.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Beneficiaries</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Executive directors, senior management and certain executives of the Group&#8217;s first lines of responsibility.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan&#8217;s regulations, to non-occurrence of the following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan&#8217;s regulations: </span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:10.75pt">Poor performance of the Group.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.1pt">Breach by the beneficiary of the internal regulations, including in particular that relating to risks.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.45pt">Material restatement of the Group&#8217;s consolidated financial statements, except when appropriate under a change in accounting regulations.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">Significant changes in the Group&#8217;s economic capital or risk profile. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2017, 2018, 2019, 2020 and 2021 the accrual is conditioned, in addition to the beneficiary' permanence in the Group, with the exceptions contained in the plan&#8217;s regulations, to the non-occurrence of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, taking into account the following factors:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">v.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.12pt">Significant failures in risk management committed by the entity, or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">vi.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">vii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:5.82pt">Regulatory sanctions or court rulings for events that could be attributable to the unit or the  personnel responsible for those. Also, the breach  of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">viii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:4.17pt">Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions.</span></div><div style="text-indent:3.83pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#160;</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Paid half in cash and half in shares. In the seventh cycle, and only for executive directors: half in cash and <ix:nonFraction unitRef="number" contextRef="c-4709" decimals="INF" name="san:VariableRemunerationDeferredPaymentPercentagePaidInShareOptions" scale="-2" id="f-10921">25</ix:nonFraction>% in share options and <ix:nonFraction unitRef="number" contextRef="c-4709" decimals="INF" name="san:VariableRemunerationDeferredPaymentPercentagePaidInShares" scale="-2" id="f-10922">25</ix:nonFraction>% in shares (unless the director chooses to receive options only). The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the <ix:nonFraction unitRef="trading_session" contextRef="c-408" decimals="INF" name="san:VariableRemunerationWeightedAverageSharePricesNumberOfTradingSessions" format="ixt-sec:numwordsen" scale="0" id="f-10923">fifteen</ix:nonFraction> trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the eighth cycle, and for all Identified Staff: half in cash and <ix:nonFraction unitRef="number" contextRef="c-4710" decimals="INF" name="san:VariableRemunerationDeferredPaymentPercentagePaidInShareOptions" scale="-2" id="f-10924">25</ix:nonFraction>% in shares and <ix:nonFraction unitRef="number" contextRef="c-4710" decimals="INF" name="san:VariableRemunerationDeferredPaymentPercentagePaidInShares" scale="-2" id="f-10925">25</ix:nonFraction>% in share options, or half in cash and half in shares, according to each executive&#180;s choice.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the ninth and tenth cycle, half in cash and  half in shares.</span></div><div><span><br/></span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">First cycle (2016): </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to <ix:nonFraction unitRef="eur" contextRef="c-4711" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10926">2.7</ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4711" decimals="2" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10927">40</ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4711" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10928">60</ix:nonFraction>% deferred over a <ix:nonNumeric contextRef="c-4711" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10929">5</ix:nonNumeric>  year period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Senior managers, country heads of countries representing at least <ix:nonFraction unitRef="number" contextRef="c-4712" decimals="INF" name="san:PercentageOfEntityEconomicCapital" scale="-2" id="f-10930">1</ix:nonFraction>% of the Group&#180;s capital and other members of the identified staff whose total variable remuneration is between <ix:nonFraction unitRef="eur" contextRef="c-4713" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10931">1.7</ix:nonFraction> million and <ix:nonFraction unitRef="eur" contextRef="c-4714" decimals="-5" name="san:GeneralThresholdOfVariableRemunerationInWhichDeferred" scale="6" id="f-10932">2.7</ix:nonFraction> million euros: <ix:nonFraction unitRef="number" contextRef="c-4712" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10933">50</ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4712" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10934">50</ix:nonFraction>% deferred over a <ix:nonNumeric contextRef="c-4712" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10935">5</ix:nonNumeric> year period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries: <ix:nonFraction unitRef="number" contextRef="c-4715" decimals="INF" name="san:VariableRemunerationImmediatePaymentPercentage" scale="-2" id="f-10936">60</ix:nonFraction>% paid immediately and <ix:nonFraction unitRef="number" contextRef="c-4715" decimals="2" name="san:VariableRemunerationDeferredPercentage" scale="-2" id="f-10937">40</ix:nonFraction>% deferred over a <ix:nonNumeric contextRef="c-4715" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:duryear" id="f-10938">3</ix:nonNumeric> year period. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 respectively) are under the aforementioned deferral rules, except that the  variable remuneration considered is the target for each executive and not the actual award. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of <ix:nonNumeric contextRef="c-4702" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10939">three years</ix:nonNumeric> and <ix:nonNumeric contextRef="c-4703" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10940">five years</ix:nonNumeric> deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Earnings per share (EPS) growth in 2018 over 2015. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 ('CET1') ratio target for financial year 2018. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with Grupo Santander&#8217;s underlying return on risk-weighted assets ('RoRWA') growth target for financial year 2018 compared to financial year 2015. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the second, third, fourth, fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of <ix:nonNumeric contextRef="c-4702" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10941">three years</ix:nonNumeric> and <ix:nonNumeric contextRef="c-4703" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10942">five years</ix:nonNumeric> deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, for each respective cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of <ix:nonFraction unitRef="companies" contextRef="c-4716" decimals="INF" name="san:NumberOfCreditInstitutionsIncludedInReferenceGroup" scale="0" id="f-10943">17</ix:nonFraction> credit institutions (second and third cycles) in the periods 2017-2019 and 2018-2019, respectively, and against a group of <ix:nonFraction unitRef="companies" contextRef="c-4717" decimals="INF" name="san:NumberOfCreditInstitutionsIncludedInReferenceGroup" scale="0" id="f-10944">9</ix:nonFraction> entities (fourth, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023  period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 ('CET1') ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. </span></div><div style="text-indent:9pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the seventh (2022), eighth cycle (2023), ninth (2025) and tenth cycle (2025), the metrics for the deferred portion subject to long-term objectives (two last fourths and last three fifths, for the cases of <ix:nonNumeric contextRef="c-4718" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10945"><ix:nonNumeric contextRef="c-4719" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10946"><ix:nonNumeric contextRef="c-4720" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10947"><ix:nonNumeric contextRef="c-4704" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10948">four years</ix:nonNumeric></ix:nonNumeric></ix:nonNumeric></ix:nonNumeric> and <ix:nonNumeric contextRef="c-4721" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10949"><ix:nonNumeric contextRef="c-4722" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10950"><ix:nonNumeric contextRef="c-4705" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10951"><ix:nonNumeric contextRef="c-4723" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10952">five years</ix:nonNumeric></ix:nonNumeric></ix:nonNumeric></ix:nonNumeric> deferrals) are:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Banco Santander's consolidated Return on tangible equity (RoTE) target in 2024 (7th cycle),  2025 (8th cycle), 2026 (9th cycle) and 2027 (10th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of <ix:nonFraction unitRef="companies" contextRef="c-4724" decimals="INF" name="san:NumberOfCreditInstitutionsIncludedInReferenceGroup" scale="0" id="f-10953"><ix:nonFraction unitRef="companies" contextRef="c-4725" decimals="INF" name="san:NumberOfCreditInstitutionsIncludedInReferenceGroup" scale="0" id="f-10954"><ix:nonFraction unitRef="companies" contextRef="c-4726" decimals="INF" name="san:NumberOfCreditInstitutionsIncludedInReferenceGroup" scale="0" id="f-10955">9</ix:nonFraction></ix:nonFraction></ix:nonFraction> credit institutions for the period 2022-2024 (7th cycle), 2023-2025 (8th cycle), 2024-2026 (9th cycle) and 2025-2027 (10th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Progress level  in the  public targets of our Sustainability agenda.</span></div></td></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">282</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-265"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-10845-3" continuedAt="f-10845-4"><ix:continuation id="f-10753-6" continuedAt="f-10753-7"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.235%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iii) Digital Transformation Award (2019, 2020 and 2021)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The 2019, 2020 and 2021 Digital Transformation Incentive (the 'Digital Incentive') is a variable remuneration system that includes the delivery of Santander shares and share options.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered  by other market operators who also compete for digital talent.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The number of beneficiaries is limited to a maximum of <ix:nonFraction unitRef="people" contextRef="c-4727" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-10956">250</ix:nonFraction> employees and the total amount of the incentive is limited to <ix:nonFraction unitRef="eur" contextRef="c-4727" decimals="-6" name="san:DeferredVariableRemunerationMaximumTotalAmountOfIncentive" scale="6" id="f-10957">30</ix:nonFraction> million euros.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The funding of this incentive is subject to meeting important milestones that are aligned with the Group&#180;s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Performance of 2019 incentive was measured based on achievement of the following milestones: (i) Launch of a Global Trade Services (GTS) platform; (ii) launch of a Global Merchant Services (GMS) platform; (iii) migration of our fully digital bank, OpenBank, to a 'next generation' platform and launch in <ix:nonFraction unitRef="market" contextRef="c-4727" decimals="INF" name="san:DeferredVariableRemunerationMilestoneMigrationOfOpenBankAndLaunchNumberOfMarkets" scale="0" id="f-10958">3</ix:nonFraction> markets; (iv) extension of SuperDigital in Brazil to at least <ix:nonFraction unitRef="country" contextRef="c-4727" decimals="INF" name="san:DeferredVariableRemunerationMilestoneMinimumNumberOfCountriesWithSuperDigitalExcludingBrazil" format="ixt-sec:numwordsen" scale="0" id="f-10959">one</ix:nonFraction> other country; (v) and launch of our international payments app based on blockchain Pago FX to non-Santander customers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in <ix:nonFraction unitRef="geographies" contextRef="c-4728" decimals="INF" name="san:DeferredVariableRemunerationMilestoneNumberOfGeographiesWithGlobalMerchantServicesPlatform" scale="0" id="f-10960">3</ix:nonFraction> new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in <ix:nonFraction unitRef="geographies" contextRef="c-4728" decimals="INF" name="san:DeferredVariableRemunerationMilestoneNumberOfGeographiesWithGlobalTradeServicesPlatform" scale="0" id="f-10961">8</ix:nonFraction> new geographies, enhancing platform functionality, and achieving  volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to 'new-mode' bank; (iv) launch the global platform SuperDigital in at least <ix:nonFraction unitRef="country" contextRef="c-4728" decimals="INF" name="san:DeferredVariableRemunerationMilestoneNumberOfGeographiesWithGlobalPlatformSuperDigital" scale="0" id="f-10962">4</ix:nonFraction> countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for <ix:nonFraction unitRef="case" contextRef="c-4728" decimals="INF" name="san:DeferredVariableRemunerationMilestoneNumberOfPriorityUseCasesWithMachineLearningDeployment" scale="0" id="f-10963">4</ix:nonFraction> priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least <ix:nonFraction unitRef="salesprogram" contextRef="c-4728" decimals="INF" name="san:DeferredVariableRemunerationMilestoneNumberOfSalesProgramsWithConversionRateOptimizationRollOut" scale="0" id="f-10964">40</ix:nonFraction> sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least <ix:nonFraction unitRef="country" contextRef="c-4728" decimals="INF" name="san:DeferredVariableRemunerationMilestoneNumberOfCountriesWithPagoFXGlobalPlatform" scale="0" id="f-10965">4</ix:nonFraction> countries.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The milestones for 2021 were: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in <ix:nonFraction unitRef="country" contextRef="c-4729" decimals="INF" name="san:DeferredVariableRemunerationMilestonePagoNxtNumberOfCountriesWithSuperdigitalImplemented" format="ixt-sec:numwordsen" scale="0" id="f-10966">seven</ix:nonFraction> countries, acquisition of over <ix:nonFraction unitRef="customer" contextRef="c-4729" decimals="-5" name="san:DeferredVariableRemunerationMilestonePagoNxtNumberOfActiveCustomers" format="ixt:num-dot-decimal" scale="6" id="f-10967">1.5</ix:nonFraction> million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than <ix:nonFraction unitRef="number" contextRef="c-4729" decimals="2" name="san:DeferredVariableRemunerationMilestonePagoNxtNumberOfCustomersAcquiredPercentage" scale="-2" id="f-10968">50</ix:nonFraction>% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least <ix:nonFraction unitRef="country" contextRef="c-4729" decimals="INF" name="san:DeferredVariableRemunerationMilestoneOneCommonMobileExperienceMinimumNumberOfActiveCountries" format="ixt-sec:numwordsen" scale="0" id="f-10969">three</ix:nonFraction> of the <ix:nonFraction unitRef="country" contextRef="c-4729" decimals="INF" name="san:DeferredVariableRemunerationMilestoneOneCommonMobileExperienceMaximumNumberOfActiveCountries" format="ixt-sec:numwordsen" scale="0" id="f-10970">four</ix:nonFraction> countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least <ix:nonFraction unitRef="country" contextRef="c-4729" decimals="INF" name="san:DeferredVariableRemunerationMilestoneOneCommonMobileExperienceTopRatedEntitiesMobileNetPromoterMinimumNumberOfCountries" format="ixt-sec:numwordsen" scale="0" id="f-10971">two</ix:nonFraction> of the <ix:nonFraction unitRef="country" contextRef="c-4729" decimals="INF" name="san:DeferredVariableRemunerationMilestoneOneCommonMobileExperienceTopRatedEntitiesMobileNetPromoterMaximumNumberOfCountries" format="ixt-sec:numwordsen" scale="0" id="f-10972">four</ix:nonFraction> countries by December 2021; (iv) In relation to cloud adoption: host <ix:nonFraction unitRef="number" contextRef="c-4729" decimals="2" name="san:DeferredVariableRemunerationMilestoneOneCommonMobileExperienceMinimumMigratableVirtualMachinesOnCloudTechnologyPercentage" scale="-2" id="f-10973">75</ix:nonFraction>% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. </span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The Digital Incentive is structured <ix:nonFraction unitRef="number" contextRef="c-4727" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfTotalAwardedInShares" scale="-2" id="f-10974">50</ix:nonFraction>% in Santander shares and <ix:nonFraction unitRef="number" contextRef="c-4727" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfTotalAwardedInOptionsOverShares" scale="-2" id="f-10975">50</ix:nonFraction>% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to <ix:nonNumeric contextRef="c-4730" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10976">five years</ix:nonNumeric> deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to <ix:nonNumeric contextRef="c-4731" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10977">three years</ix:nonNumeric> deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group&#8217;s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> &amp; </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> provisions as described in the Group&#8217;s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Vested share options can be exercised until maturity, with all options lapsing after <ix:nonNumeric contextRef="c-4727" name="san:DeferredVariableRemunerationOptionsVestingPeriod" format="ixt-sec:durwordsen" id="f-10978">ten years</ix:nonNumeric> (for granting the 2019 incentive) and <ix:nonNumeric contextRef="c-4732" name="san:DeferredVariableRemunerationOptionsVestingPeriod" format="ixt-sec:durwordsen" id="f-10979">eight years</ix:nonNumeric> (for granting the 2020 and 2021 incentive).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The total achievement for 2021 Digital Incentive was <ix:nonFraction unitRef="number" contextRef="c-4733" decimals="3" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-10980">77.5</ix:nonFraction>% (<ix:nonFraction unitRef="number" contextRef="c-4734" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-10981">85</ix:nonFraction>% en 2020 and <ix:nonFraction unitRef="number" contextRef="c-4735" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-10982">83</ix:nonFraction>% en 2019).</span></div></td></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">283</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-266"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-10845-4"><ix:continuation id="f-10753-7" continuedAt="f-10753-8"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:31.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:30.605%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iv) Digital Transformation Award (2022)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the 2022 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Transformation Incentive. It is a variable remuneration scheme</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">splits in <ix:nonFraction unitRef="block" contextRef="c-4736" decimals="INF" name="san:DeferredVariableRemunerationNumberOfDifferentBlocks" format="ixt-sec:numwordsen" scale="0" id="f-10983">two</ix:nonFraction> different blocks:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226; The first one, with the same mechanism than previous years,</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">that delivers Santander shares and share options if the group hits major milestones on its digital roadmap. This is aimed at a group of up to <ix:nonFraction unitRef="people" contextRef="c-4737" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-10984">250</ix:nonFraction> (is limited to <ix:nonFraction unitRef="eur" contextRef="c-4737" decimals="-6" name="san:DeferredVariableRemunerationMaximumTotalAmountOfIncentive" scale="6" id="f-10985">30</ix:nonFraction> million euros)employees whose functions are deemed essential to Santander&#8217;s growth.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">&#8226; And the second one, which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to <ix:nonFraction unitRef="people" contextRef="c-4736" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-10986">50</ix:nonFraction></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">employees (and limited to <ix:nonFraction unitRef="eur" contextRef="c-4736" decimals="-6" name="san:DeferredVariableRemunerationMaximumTotalAmountOfIncentive" scale="6" id="f-10987">15</ix:nonFraction> million euros) whose roles are considered key to PagoNxt&#8217;s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered  by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Performance of the first block of the  incentive shall be measured based on achievement of the following milestones:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i. Edelweiss: Our Santander future retail architecture EDELWEISS will mean moving from our current Core centric banking architecture towards a Customer and Data-Centric Core supported by lean Record Processing engines. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii. Simplification: Speed up the simplification of our technology platform and business model by Reducing the total number of applications in production and reducing number of products in the regions.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii. Agile: Agile ways of working enable a better and faster reaction to customers&#8217; needs and is based on a value-driven delivery that increases efficiency by reducing time-to-market and development costs, and increasing quality. People working in Agile are more collaborative, engaged, empowered and creative. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv. In Digital Consumer Bank:</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">a) To create the BNPL platform connected to at least one merchant in Netherlands and Germany, and to make sure the platform is ready to connect in Spain.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">b) To support the definition of Openbank US&#8217;s IT digital strategy and achieve 2022 milestones in it.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">c) To have the new leasing platform connected to dealers in Italy.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">d) To expand the Wabi B2B online business to Germany. To execute the first B2B deal with an Original Equipment Manufacturer or mobility player in at least one country. To expand coches.com business and platform to Portugal.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And in regard to the second block of digital incentive: the consolidation of PagoNxt Core Perimeter.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The first block of thee Digital Incentive is structured <ix:nonFraction unitRef="number" contextRef="c-4737" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfTotalAwardedInShares" scale="-2" id="f-10988">50</ix:nonFraction>% in Santander shares and <ix:nonFraction unitRef="number" contextRef="c-4737" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfTotalAwardedInOptionsOverShares" scale="-2" id="f-10989">50</ix:nonFraction>% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to <ix:nonNumeric contextRef="c-4738" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10990">five years</ix:nonNumeric> deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to <ix:nonNumeric contextRef="c-4739" name="san:VariableRemunerationDeferralPeriod" format="ixt-sec:durwordsen" id="f-10991">three years</ix:nonNumeric> deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group&#8217;s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> &amp; </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> provisions as described in the Group&#8217;s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Vested share options can be exercised until maturity, with all options lapsing after <ix:nonNumeric contextRef="c-4737" name="san:DeferredVariableRemunerationOptionsVestingPeriod" format="ixt-sec:durwordsen" id="f-10992">ten years</ix:nonNumeric>.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The total achievement for 2022 Digital Incentive was <ix:nonFraction unitRef="number" contextRef="c-4737" decimals="3" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-10993">96.5</ix:nonFraction>%.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The second block of Digital Incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The total achievement for 2022 was <ix:nonFraction unitRef="number" contextRef="c-4740" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-10994">100</ix:nonFraction>%.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:31.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:30.605%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(v) Digital Transformation Award (2023)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the 2023 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Transformation Incentive. It is a variable remuneration scheme  which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to <ix:nonFraction unitRef="people" contextRef="c-4741" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-10995">50</ix:nonFraction></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">employees (and limited to <ix:nonFraction unitRef="eur" contextRef="c-4741" decimals="-6" name="san:DeferredVariableRemunerationMaximumTotalAmountOfIncentive" scale="6" id="f-10996">15</ix:nonFraction> million euros) whose roles are considered key to PagoNxt&#8217;s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">With this program, the Group offers a remuneration element which is competitive with the remuneration systems offered  by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And the performance conditions were focus on key digital projects related with PagoNxt's main businesses (Trade, Merchant and Payments) in its core geographies.<br/></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">This incentive  is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The average achievement for 2023 was <ix:nonFraction unitRef="number" contextRef="c-4742" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-10997">88</ix:nonFraction>%.</span></div></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:9.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:31.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:30.605%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(vi) PagoNxt incentive Plan 2024 and 2025 for Santander executives)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the PagoNxt incentive Plan 2024 and 2025 Incentive. It is a variable remuneration scheme  which delivers PagoNxt, S.L. RSUs, and is aimed at approximately  to <ix:nonFraction unitRef="people" contextRef="c-4743" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-10998"><ix:nonFraction unitRef="people" contextRef="c-4744" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-10999">50</ix:nonFraction></ix:nonFraction> - <ix:nonFraction unitRef="people" contextRef="c-4745" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-11000"><ix:nonFraction unitRef="people" contextRef="c-4746" decimals="INF" name="san:DeferredVariableRemunerationMaximumNumberOfBeneficiaries" scale="0" id="f-11001">60</ix:nonFraction></ix:nonFraction> employees whose roles are considered key to PagoNxt&#8217;s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">With this program, the Group offers a remuneration element which is competitive with the remuneration systems offered  by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And the performance conditions were focus on key digital projects related with PagoNxt's main businesses (Trade, Merchant and Payments) in its core geographies.<br/></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">This incentive  is structures in restricted stock units (RSUs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The average achievement for 2024 was <ix:nonFraction unitRef="number" contextRef="c-4747" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-11002">77</ix:nonFraction>% and <ix:nonFraction unitRef="number" contextRef="c-4748" decimals="2" name="san:KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement" scale="-2" id="f-11003">85</ix:nonFraction>% in 2025.</span></div></td></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">284</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-267"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-10753-8" continuedAt="f-10753-9"><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i71e8eb5031f74984a64fbc0db04bf1af"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Santander UK plc </span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" id="f-11004" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:33.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.348%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of shares (in thousand)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exercise price&#160;in pounds sterling</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Employee group</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of persons</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of commencement of&#160;exercise period</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of expiry of exercise period</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 01/01/2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-4749" decimals="-3" name="ifrs-full:NumberOfOutstandingShareOptions" format="ixt:num-dot-decimal" scale="3" id="f-11005">29,988</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-4750" decimals="-3" name="ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11006">7,175</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4750" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" scale="0" id="f-11007">2.78</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-4750" decimals="INF" name="ifrs-full:NumberOfParticipantsOfRetirementBenefitPlanReceivingBenefits" format="ixt:num-dot-decimal" scale="0" id="f-11008">4,752</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/26</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-4750" decimals="-3" name="ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11009">5,980</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4750" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" scale="0" id="f-11010">1.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-4750" decimals="-3" name="ifrs-full:NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11011">4,044</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4750" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" scale="0" id="f-11012">2.53</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-4751" decimals="-3" name="ifrs-full:NumberOfOutstandingShareOptions" format="ixt:num-dot-decimal" scale="3" id="f-11013">27,139</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-4752" decimals="-3" name="ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11014">4,991</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4752" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" scale="0" id="f-11015">3.36</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-4752" decimals="INF" name="ifrs-full:NumberOfParticipantsOfRetirementBenefitPlanReceivingBenefits" format="ixt:num-dot-decimal" scale="0" id="f-11016">4,107</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/27</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/29</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-4752" decimals="-3" name="ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11017">4,004</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4752" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" scale="0" id="f-11018">2.29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-4752" decimals="-3" name="ifrs-full:NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11019">2,437</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4752" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" scale="0" id="f-11020">2.37</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-4753" decimals="-3" name="ifrs-full:NumberOfOutstandingShareOptions" format="ixt:num-dot-decimal" scale="3" id="f-11021">25,689</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-4754" decimals="-3" name="ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11022">3,324</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4754" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" scale="0" id="f-11023">6.35</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="people" contextRef="c-4754" decimals="INF" name="ifrs-full:NumberOfParticipantsOfRetirementBenefitPlanReceivingBenefits" format="ixt:num-dot-decimal" scale="0" id="f-11024">4,637</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/25</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-4754" decimals="-3" name="ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11025">9,966</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4754" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" scale="0" id="f-11026">1.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="shares" contextRef="c-4754" decimals="-3" name="ifrs-full:NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" format="ixt:num-dot-decimal" scale="3" id="f-11027">1,554</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbpPerShare" contextRef="c-4754" decimals="2" name="ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" scale="0" id="f-11028">2.88</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2025</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="shares" contextRef="c-4755" decimals="-3" name="ifrs-full:NumberOfOutstandingShareOptions" format="ixt:num-dot-decimal" scale="3" id="f-11029">17,493</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">At  31 December,&#160;2025, 2024 and 2023, the euro/pound sterling exchange rate was <ix:nonFraction unitRef="eurPerGBP" contextRef="c-4756" decimals="2" name="ifrs-full:ClosingForeignExchangeRate" scale="0" id="f-11030">1.15</ix:nonFraction>, <ix:nonFraction unitRef="eurPerGBP" contextRef="c-4757" decimals="2" name="ifrs-full:ClosingForeignExchangeRate" scale="0" id="f-11031">1.21</ix:nonFraction> and <ix:nonFraction unitRef="eurPerGBP" contextRef="c-4758" decimals="2" name="ifrs-full:ClosingForeignExchangeRate" scale="0" id="f-11032">1.15</ix:nonFraction> , respectively.</span></div><div style="margin-bottom:12pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Number of accounts/contracts. A single employee may have more than <ix:nonFraction unitRef="contract" contextRef="c-4754" decimals="INF" name="san:ShareBasedPaymentArrangementSingleEmployeeMinimumNumberOfContracts" format="ixt-sec:numwordsen" scale="0" id="f-11033">one</ix:nonFraction> account/contract.</span></div></ix:nonNumeric></ix:continuation><div style="width:100.000%"><ix:continuation id="f-10753-9" continuedAt="f-10753-10"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2008 the Group launched a voluntary savings scheme for Santander UK employees (Sharesave Scheme) whereby employees who join the scheme see deducted between GBP <ix:nonFraction unitRef="gbp" contextRef="c-4759" decimals="0" name="san:VoluntarySharesaveSchemeMonthlyEmployeeContributions" scale="0" id="f-11034">5</ix:nonFraction> and GBP <ix:nonFraction unitRef="gbp" contextRef="c-4760" decimals="0" name="san:VoluntarySharesaveSchemeMonthlyEmployeeContributions" scale="0" id="f-11035">500</ix:nonFraction> from their net&#160;monthly pay over a period of <span style="-sec-ix-hidden:f-11036">three</span> or <ix:nonNumeric contextRef="c-4760" name="san:PeriodOfVoluntarySharesaveSchemeMonthlyEmployeeContributions" format="ixt-sec:durwordsen" id="f-11037">five years</ix:nonNumeric>. At the end of the chosen period, the employee may choose between collecting the amount contributed, the interest accrued and a bonus (tax-exempt in the United Kingdom) or exercising options on shares of the Bank in an amount equal to the sum of such three amounts at a fixed price. The exercise price will be the result of reducing by up to <ix:nonFraction unitRef="number" contextRef="c-4761" decimals="2" name="san:PercentageEmployeesReduceAveragePurchasePriceOfShares" scale="-2" id="f-11038">20</ix:nonFraction>% the average purchase and sale prices of the Bank shares in the <ix:nonFraction unitRef="trading_session" contextRef="c-4761" decimals="INF" name="san:NumberOfTradingSessionsPriorToApprovalOfScheme" format="ixt-sec:numwordsen" scale="0" id="f-11039">three</ix:nonFraction> trading sessions prior to the approval of the scheme by the UK tax authorities (HMRC). This approval must be received within <ix:nonNumeric contextRef="c-4759" name="san:PeriodOfApprovalSharesaveScheme" format="ixt-sec:durday" id="f-11040">21</ix:nonNumeric> to <ix:nonNumeric contextRef="c-4760" name="san:PeriodOfApprovalSharesaveScheme" format="ixt-sec:durday" id="f-11041">41</ix:nonNumeric> days following the publication of the Group&#8217;s results for the first half of the year. This scheme was approved by the board of directors, at the proposal of the appointments and remuneration committee, and, since it involved the delivery of Bank shares, its application was authorized by the Annual General Meeting held on June 21, 2008. Also, the scheme was authorized by the UK tax authorities (HMRC) and commenced in September&#160;2008. In subsequent years, at the Annual General Meetings held on June 19, 2009, June 11, 2010, June 17, 2011, March 30, 2012, March 22, 2013, March 28, 2014, March 27, 2015, March 18, 2016, April 7, 2017, March&#160;23, 2018, April 12, 2019,  April 3, 2020 and March 26, 2021, respectively, the shareholders approved the application of schemes previously approved by the board and with similar features to the scheme approved in 2008.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-10753-10"><div style="margin-bottom:3pt"><span id="i39fe1139d2d34e548aef22772b3741b0"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:125%">iii. Fair value</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of the performance share plans was calculated as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4c6fc669c95c4eafb7672b58aa3d0cb3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">a) Deferred variable compensation plan linked to multi-year objectives 2023, 2024 and 2025:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group calculates at the grant date the fair value of the plan based on the valuation report of an independent expert, Willis Towers Watson. According to the design of the plan for 2023, 2024 and 2025 and the levels of achievement of similar plans in comparable entities, it has been considered that the fair value is <ix:nonFraction unitRef="number" contextRef="c-607" decimals="2" name="san:PercentageOfFairValueOfInitialAchievementOfPerformanceSharePlan" scale="-2" id="f-11042">70</ix:nonFraction>%.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if42bf1a5501b4b7a8532084f4be275ee"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">b) Santander UK sharesave plans: </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of each option at the date of grant is estimated using an analytical model that also reflects the correlation between EUR and GBP. This model uses assumptions on the share price, the EUR/GBP FX rate, the EUR/GBP risk-free interest rate, dividend yields, the expected volatilities of both the underlying shares and EUR/GBP for the expected lives of options granted. The weighted average grant-date fair value of options granted during the year was GBP <ix:nonFraction unitRef="gbpPerShare" contextRef="c-1" decimals="2" name="ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019" scale="0" id="f-11043">0.44</ix:nonFraction> (GBP <ix:nonFraction unitRef="gbpPerShare" contextRef="c-86" decimals="2" name="ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019" scale="0" id="f-11044">0.23</ix:nonFraction> and GBP <ix:nonFraction unitRef="gbpPerShare" contextRef="c-87" decimals="2" name="ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019" scale="0" id="f-11045">0.33</ix:nonFraction> reported in 2024 and 2023, respectively).</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1099"></div><div style="margin-bottom:6pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">285</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-268"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i7bdeb809578347929a33e1f2f2fca8f7"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">47.&#160;<ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory" id="f-11046" continuedAt="f-11046-1" escape="true">Other general administrative expenses</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1102"></div><ix:continuation id="f-11046-1" continuedAt="f-11046-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i82e92576232d4cfbb28034b6788f8242"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherGeneralAndAdministrativeExpenseTableTextBlock" id="f-11047" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other general administrative expenses is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:55.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.407%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technology and systems</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:PropertyServiceChargeExpense" format="ixt:num-dot-decimal" scale="6" id="f-11048">2,298</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:TechnologySystemsExpense" format="ixt:num-dot-decimal" scale="6" id="f-11049">2,539</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:TechnologySystemsExpense" format="ixt:num-dot-decimal" scale="6" id="f-11050">2,389</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Property, fixtures and supplies<br/>(note 2.k)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:TechnologySystemsExpense" scale="6" id="f-11051">803</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:PropertyServiceChargeExpense" scale="6" id="f-11052">797</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:PropertyServiceChargeExpense" scale="6" id="f-11053">774</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical reports</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:TechnicalReportsExpense" scale="6" id="f-11054">712</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:SalesAndMarketingExpense" scale="6" id="f-11058">512</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:SalesAndMarketingExpense" scale="6" id="f-11059">574</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Taxes other than income tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:TaxExpenseOtherThanIncomeTaxExpense" scale="6" id="f-11060">543</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:TaxExpenseOtherThanIncomeTaxExpense" scale="6" id="f-11061">554</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:TaxExpenseOtherThanIncomeTaxExpense" scale="6" id="f-11062">568</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-5" name="ifrs-full:AuditorsRemuneration" scale="6" id="f-11094">140.7</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-5" name="ifrs-full:AuditorsRemuneration" scale="6" id="f-11095">144.2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-5" name="ifrs-full:AuditorsRemuneration" scale="6" id="f-11096">133.6</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the firm BDO has performed audit and audit-related services totalling EUR <ix:nonFraction unitRef="eur" contextRef="c-4762" decimals="-5" name="ifrs-full:AuditorsRemuneration" scale="6" id="f-11097">1.9</ix:nonFraction>&#160;million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The audit services and main non-audit services included for each item in the above breakdown are detailed as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Audit services: audit of the individual and consolidated financial statements of Banco Santander and its subsidiaries (of which PwC or another network firm is the external auditor); audit of the interim consolidated financial statements of Banco Santander; integrated audits prepared in order to file the Form 20-F  with the SEC  and the internal control audits (SOx) for required Group's entities; limited reviews of financial statements; and  regulatory reports required to the external auditors regarding several  Grupo Santander entities.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-11046-3" continuedAt="f-11046-4"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Audit-related services: issuance of comfort letters, verification services of financial and non-financial information required by regulators, and other reviews of documentation to be submitted to domestic or foreign authorities that, due to their nature, the external auditor typically provides.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Tax services: tax compliance and advisory services provided to Group companies outside Spain, which have no direct effect on the audited financial statements and are permitted in accordance with the applicable independence regulations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other services: agreed-upon procedure reports, assurance reports and special reports performed under the accepted profession's standards; as well as other reports required by the regulators.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The 'Audit' heading includes the fees for the year's audit, regardless of the date the audit was completed. Any subsequent adjustments, which are not significant, are shown in this note for each year for comparison purposes. The fees corresponding to the rest of the services are shown by reference to when the audit committee approved them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The services commissioned from the Group's auditors meet the independence requirements under applicable European and Spanish law, the SEC rules and the Public Company Accounting Oversight Board (PCAOB), applicable to the Group, and did not involve in any case&#160;the&#160;performance of any work that is incompatible with the auditor's role.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lastly, the Group commissioned services from audit firms other than PwC amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-5" name="ifrs-full:ProfessionalFeesExpense" scale="6" id="f-11098">155.9</ix:nonFraction>&#160;million in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-5" name="ifrs-full:ProfessionalFeesExpense" scale="6" id="f-11099">206.2</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-5" name="ifrs-full:ProfessionalFeesExpense" scale="6" id="f-11100">174.1</ix:nonFraction>&#160;million in 2024 and 2023, respectively).</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1108"></div><ix:continuation id="f-11046-4"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i797ac713a96c45d29d952d167909a437"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Number of branches</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfNumberOfOfficesTableTextBlock" id="f-11101" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The number of offices according to their geographical location at 31 December 2025, 2024 and 2023 is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:59.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.173%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-2505" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11102">1,674</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-2506" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11103">1,877</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-2507" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11104">1,924</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-4763" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11105">5,450</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-4764" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11106">6,209</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-4765" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11107">6,594</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-1" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11108">7,124</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-86" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11109">8,086</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="branch" contextRef="c-87" decimals="INF" name="san:NumberOfOffices" format="ixt:num-dot-decimal" scale="0" id="f-11110">8,518</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Includes branches in Spain of the Digital Consumer Bank business.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Branches corresponding to the Group's business held for sale in Poland are included.</span></div><div style="text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">     Note: The figures for 2025 and 2024 include CartaSur points of sale and banking service points (PAB) in Argentina and exclude operational points that do not provide customer service in Colombia.</span></div></ix:nonNumeric></ix:continuation><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">286</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1111"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-269"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="if4b8cc60aaee440696ad3fbb94f80ad4"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">48. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfGainsLossesOnDisposalOfAssetsNotClassifiedAsNonCurrentAssetsHeldForSaleTextBlock" id="f-11111" continuedAt="f-11111-1" escape="true">Gains or losses on non financial assets, net</ix:nonNumeric></span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfGainsLossesOnDisposalOfAssetsNotClassifiedAsNonCurrentAssetsHeldForSaleTableTextBlock" id="f-11112" escape="true"><ix:continuation id="f-11111-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Gains/ (losses) on disposal of assets not classified as non-current assets held for sale is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:61.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.319%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.171%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.248%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" scale="6" id="f-11113">65</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" scale="6" id="f-11114">48</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" scale="6" id="f-11115">53</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GainsOnDisposalsOfInvestments" scale="6" id="f-11116">17</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:GainsOnDisposalsOfInvestments" scale="6" id="f-11117">360</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GainsOnDisposalsOfInvestments" scale="6" id="f-11118">285</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GainsOnDisposalsOfNoncurrentAssets" scale="6" id="f-11119">82</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:GainsOnDisposalsOfNoncurrentAssets" scale="6" id="f-11120">408</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GainsOnDisposalsOfNoncurrentAssets" scale="6" id="f-11121">338</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Losses</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:LossesOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" scale="6" id="f-11122">41</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:LossesOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" scale="6" id="f-11123">36</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:LossesOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" scale="6" id="f-11124">26</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:LossesOnDisposalsOfInvestments" scale="6" id="f-11125">41</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:LossesOnDisposalsOfInvestments" scale="6" id="f-11126">4</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:LossesOnDisposalsOfInvestments" format="ixt:fixed-zero" scale="6" id="f-11127">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:LossesOnDisposalsOfNoncurrentAssets" scale="6" id="f-11130">26</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:GainsLossesOnDisposalsOfNonFinancialAssetsNet" format="ixt:fixed-zero" scale="6" id="f-11131">&#8212;</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:GainsLossesOnDisposalsOfNonFinancialAssetsNet" scale="6" id="f-11132">368</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:GainsLossesOnDisposalsOfNonFinancialAssetsNet" scale="6" id="f-11133">312</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1114"></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="ia4f7977ae65649cda54091adbbfb5e2a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">49. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfGainsLossesOnDisposalOfNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperationsTextBlock" id="f-11134" continuedAt="f-11134-1" escape="true">Gains or losses on non-current assets held for sale not classified as discontinued operations</ix:nonNumeric></span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfGainsLossesOnDisposalOfNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperationsTableTextBlock" id="f-11135" escape="true"><ix:continuation id="f-11134-1"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Gains/(losses) on non-current assets held for sale not classified as discontinued operations is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:61.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.245%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.248%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net balance</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" sign="-" name="san:GainsLossesOnNonCurrentTangibleAssets" scale="6" id="f-11136">6</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:GainsLossesOnNonCurrentTangibleAssets" scale="6" id="f-11137">24</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:GainsLossesOnNonCurrentTangibleAssets" scale="6" id="f-11138">20</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment (Note 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:NonCurrentAssetsHeldForSaleValuationAllowanceCharges" scale="6" id="f-11139">72</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:NonCurrentAssetsHeldForSaleValuationAllowanceCharges" scale="6" id="f-11140">92</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:NonCurrentAssetsHeldForSaleValuationAllowanceCharges" scale="6" id="f-11141">51</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain (loss) on sale (Note 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4766" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" scale="6" id="f-11142">66</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4767" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" scale="6" id="f-11143">68</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4768" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" scale="6" id="f-11144">31</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains and other losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfOtherNoncurrentAssets" scale="6" id="f-11145">232</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnDisposalsOfOtherNoncurrentAssets" scale="6" id="f-11146">3</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfOtherNoncurrentAssets" format="ixt:fixed-zero" scale="6" id="f-11147">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;&#160;&#160;Caceis (Note 3)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4769" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfOtherNoncurrentAssets" scale="6" id="f-11148">231</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4770" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfOtherNoncurrentAssets" format="ixt:fixed-zero" scale="0" id="f-11149">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4771" decimals="-6" name="ifrs-full:GainsLossesOnDisposalsOfOtherNoncurrentAssets" format="ixt:fixed-zero" scale="0" id="f-11150">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" scale="6" id="f-11151">226</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" scale="6" id="f-11152">27</ix:nonFraction>)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" scale="6" id="f-11153">20</ix:nonFraction>)</span></td></tr></table></div></ix:continuation></ix:nonNumeric><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1117"></div></div></div><div style="margin-bottom:6pt;margin-top:15pt;padding-right:263.62pt"><span id="i1ac06503afcc46f592feb82665f9bac1"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">50. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory" id="f-11154" continuedAt="f-11154-1" escape="true">Fair value of financial instruments</ix:nonNumeric></span></div><ix:continuation id="f-11154-1" continuedAt="f-11154-2"><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i6cdde6f6cfb049efae53b6b6d38ced79"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Details  </span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" id="f-11155" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:28.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.163%"/><td style="width:0.1%"/></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4772" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11156">106,560</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4773" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11157">145,758</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11158">252,318</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4774" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11159">88,147</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4775" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11160">142,106</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11161">230,253</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4776" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11162">67,842</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4777" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11163">109,079</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11164">176,921</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4772" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11165">2,407</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4773" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11166">5,354</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11167">7,761</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4774" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11168">2,037</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4775" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11169">4,093</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11170">6,130</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4776" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11171">1,765</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4777" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11172">4,145</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11173">5,910</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid 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format="ixt:num-dot-decimal" scale="6" id="f-11175">5,186</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11176">8,046</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4774" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11177">2,744</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4775" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11178">5,171</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11179">7,915</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4776" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11180">2,746</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4777" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11181">7,027</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-11188">89,898</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4776" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" 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name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-11194">5,672</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-11195">5,672</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11204">20,298</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4777" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-11205">101,972</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11208">42,148</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11209">42,148</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-11215">40,367</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives (liabilities)</span></td><td colspan="2" 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id="f-11219">4,752</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4777" decimals="-6" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-11220">7,656</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4775" decimals="-6" name="ifrs-full:InsuranceContractsIssuedThatAreLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-11224">17,829</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 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id="f-11227">17,799</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has developed a formal process for the systematic valuation and management of financial instruments, which has been implemented worldwide across all the Group&#8217;s units. The governance scheme for this process distributes responsibilities between <ix:nonFraction unitRef="independent_division" contextRef="c-2" decimals="INF" name="san:FinancialInstrumentsManagementNumberOfIndependentDivisions" format="ixt-sec:numwordsen" scale="0" id="f-11228">two</ix:nonFraction> independent divisions: Treasury (development, marketing and daily management of financial products) and Risk (on a&#160;periodic basis, validation of pricing models and daily risk certification of market data, computation of risk metrics, new transaction approval policies, management control  of market risk and implementation of fair value adjustment policies).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The approval of new products follows a sequence of steps (request, development, validation, integration in corporate systems and quality assurance) before the product is brought into production. This process ensures that pricing systems have been properly reviewed and are stable before they are used.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following subsections set forth the most important products and families of derivatives, and the related valuation techniques and inputs, by asset class:</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">287</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-270"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11154-2" continuedAt="f-11154-3"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i71893e9ce67b42239bd8133a3abeca3a"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Interest rate and inflation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fixed income asset class includes basic instruments such as interest rate forwards, interest rate swaps and cross currency swaps, which are valued using the net present value of the estimated future cash flows discounted taking into account basis (swap and cross currency spreads) determined on the basis of the payment frequency and currency of each leg of the derivative. Vanilla options, including caps, floors and swaptions, are priced using the Black-Scholes model, which is one of the benchmark industry models. More exotic derivatives are priced using more complex models which are generally accepted as standard across institutions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These pricing models are fed with observable market data such as deposit interest rates, futures rates, cross currency swap and constant maturity swap rates, and basis spreads, on the basis of which different yield curves, depending on the payment frequency, and discounting curves are calculated for each currency. In the case of options, implied volatilities are also used as model inputs. These volatilities are observable in the market for cap and floor options and swaptions, and interpolation and extrapolation of volatilities from the quoted ranges are carried out using generally accepted industry models. The pricing of more exotic derivatives may require the use of non-observable data or parameters, such as correlation (among interest rates and cross-asset), mean reversion rates and prepayment rates, which are usually defined from historical data or through calibration.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation-related assets include zero-coupon or&#160;year-on-year inflation-linked bonds and swaps, valued with the present value method using forward estimation and discounting. Derivatives on inflation indices are priced using standard or more complex internal models. Valuation inputs of these models consider inflation-linked swap spreads observable in the market and estimations of inflation seasonality, on the basis of which a forward inflation curve is calculated. Also, implied volatilities taken from zero-coupon and&#160;year-on-year inflation options are also inputs for the pricing of more complex derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0bd5b62ea8344ccda87b85459fb99881"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Equity and foreign exchange</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most important products in these asset classes are forward and futures contracts; they also include vanilla, listed and OTC (Over-The-Counter) derivatives on single underlying assets and baskets of assets. Vanilla options are priced using the standard Black-Scholes model and more exotic derivatives involving forward returns, average performance, or digital, barrier or callable features are priced using generally accepted industry models or internal models, as appropriate. For derivatives on illiquid stocks, hedging takes into account the liquidity constraints in models.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The inputs of equity models consider yield curves, spot prices, dividends, asset funding costs (repo margin spreads), implied volatilities, correlation among equity stocks and indices, and cross-asset correlation. Implied volatilities are obtained from market quotes of European and American-style vanilla call and put options. Various interpolation and extrapolation techniques are used to obtain continuous volatility for illiquid stocks. Dividends are usually estimated for the mid and long term. Correlations are implied, when possible, from market quotes of correlation-dependent products. In all other cases, proxies are used for correlations between benchmark underlyings or correlations are obtained from historical data.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The inputs of foreign exchange models include the yield curve for each currency, the spot foreign exchange rate, the implied volatilities and the correlation among assets of this class. Volatilities are obtained from European call and put options which are quoted in markets as of-the-money, risk reversal or butterfly options. Illiquid currency pairs are usually handled by using the data of the liquid pairs from which the illiquid currency can be derived. For more exotic products, unobservable model parameters may be estimated by fitting to reference prices provided by other non-quoted market sources.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id3d3a29539de41fb9bda9e519cb9f4d7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Credit</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most common instrument in this asset class is the credit default swap (CDS), which is used to hedge credit exposure to third parties. In addition, models for first-to-default (FTD), n-to-default (NTD) and single-tranche collateralised debt obligation (CDO) products&#160;are&#160;also available. These products are valued with standard industry models, which estimate the probability of default of a single issuer (for CDS) or the joint probability of default of more than one issuer for FTD, NTD and CDO.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Valuation inputs are the yield curve, the CDS spread curve and the recovery rate. For indices and important individual issuers, the CDS spread curve is obtained in the market. For less liquid issuers, this spread curve is estimated using proxies or other credit-dependent instruments. Recovery rates are usually set to standard values. For listed single-tranche CDO, the correlation of joint default of several issuers is implied from the market. For FTD, NTD and internal CDO, the correlation is estimated from proxies or historical data when no other option is available.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i783bc1aae9a5420bb626f02e870f4ca0"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Valuation adjustment for counterparty risk or default risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Credit valuation adjustment (CVA) is a valuation adjustment to over-the-counter (OTC) derivatives as a result of the risk associated with the credit exposure assumed to each counterparty.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA is calculated taking into account potential exposure to each counterparty in each future period. The CVA for a specific counterparty is equal to the sum of the CVA for all the periods. The following inputs are used to calculate the CVA:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Expected exposure: including for each transaction the mark-to-market (MtM) value plus an add-on for the potential future exposure for each period. Mitigating factors such as collateral and netting agreements are taken into account, as well as a temporary impairment factor for derivatives with interim payments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Severity:&#160;percentage of final loss assumed in a counterparty credit event/default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Probability of default: for cases where there is no market information (the CDS quoted spread curve, etc.), proxies based on companies holding exchange-listed CDS, in the same industry and with the same external rating as the counterparty, are used.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Discount factor curve.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Debit Valuation Adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Group&#8217;s own risk assumed by its counterparties in OTC derivatives.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">288</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-271"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11154-3" continuedAt="f-11154-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA at 31 December 2025 amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" scale="6" id="f-11229">224</ix:nonFraction> million (resulting in a decrease of <ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" sign="-" name="san:FinancialInstrumentsCreditValuationAdjustmentIncreaseDecrease" scale="-2" id="f-11230">17.6</ix:nonFraction>% compared to 31 December 2024) and DVA amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" scale="6" id="f-11231">285</ix:nonFraction> million (resulting in a decrease of <ix:nonFraction unitRef="number" contextRef="c-1" decimals="3" sign="-" name="san:FinancialInstrumentsDebtValuationAdjustmentIncreaseDecrease" scale="-2" id="f-11232">10.1</ix:nonFraction>%  compared to 31 December 2024). These decreases are primarily due to the performance of credit markets, with lower spreads compared to December 2024, and secondarily to changes in the composition of certain derivatives portfolios. Furthermore, the observed reduction in CVA is influenced by changes in the calculation models applicable to certain clients.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA at 31 December 2024 amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" scale="6" id="f-11233">272</ix:nonFraction>&#160;million (resulting in a decrease of <ix:nonFraction unitRef="number" contextRef="c-86" decimals="3" sign="-" name="san:FinancialInstrumentsCreditValuationAdjustmentIncreaseDecrease" scale="-2" id="f-11234">7.2</ix:nonFraction>% compared to 31 December 2023) and DVA amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" scale="6" id="f-11235">317</ix:nonFraction>&#160;million (resulting in a decrease of <ix:nonFraction unitRef="number" contextRef="c-86" decimals="3" sign="-" name="san:FinancialInstrumentsDebtValuationAdjustmentIncreaseDecrease" scale="-2" id="f-11236">3.9</ix:nonFraction>% compared to 31 December 2023). These decreases are mainly due to the declines in the EUR and USD interest rate markets, lower inflation and the movements in credit markets whose spread levels have reduced moderately compared to those of December 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA at 31 December 2023 amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" scale="6" id="f-11237">293</ix:nonFraction>&#160;million (decrease of <ix:nonFraction unitRef="number" contextRef="c-87" decimals="3" sign="-" name="san:FinancialInstrumentsCreditValuationAdjustmentIncreaseDecrease" scale="-2" id="f-11238">16.5</ix:nonFraction>% compared to 31 December 2022) and DVA amounted EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" scale="6" id="f-11239">330</ix:nonFraction>&#160;million (decrease of <ix:nonFraction unitRef="number" contextRef="c-87" decimals="3" sign="-" name="san:FinancialInstrumentsDebtValuationAdjustmentIncreaseDecrease" scale="-2" id="f-11240">9.3</ix:nonFraction>% compared to 31 December 2022).  These decreases are mainly due to movements in credit markets whose spread levels have reduced moderately compared to those of December 2022, partially offset by the upward movement in interest rates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group amounts the funding fair value adjustment (FFVA) is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralised component of the OTC derivative portfolio. This includes the uncollateralised component of collateralised derivatives in addition to derivatives that are fully uncollateralised. The expected future funding exposure is calculated by a simulation methodology, where available. The FFVA impact is not material for the consolidated annual accounts as of 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group has continued to apply the criteria for classifying financial instruments within the levels of the fair value hierarchy established to comply with regulatory expectations. These criteria, based on information from the price contributors and real market transactions, represent a significant reduction in the use of expert judgement to determine observability and allow the measurement of the significance of non-observable valuation inputs based on objective criteria.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There has been an increase in instruments classified as Level 3, especially during the last quarter of the year. This increase is due to higher holding volumes of some of these instruments in the portfolio due to new trading activity. No significant reclassifications were detected due to changes in the market observability of the valuation inputs for the remaining positions. The main increases include long-term repo/reverse repo transactions, illiquid equities in non-trading portfolios, and syndicated loans with an HTC&amp;S business model for which there is no observable market price based on the criteria used. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i82ed7c965ab44f13ab452cc0878b6462"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Valuation adjustments due to model risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The valuation models described above do not involve a significant level of subjectivity, since they can be adjusted and recalibrated, where appropriate, through internal calculation of the fair value and subsequent comparison with the related actively traded price. However, valuation adjustments may be necessary when market quoted prices are not available for comparison purposes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sources of risk are associated with uncertain model parameters, illiquid underlying issuers, and poor quality market data or missing risk factors (sometimes the best available option is to use limited models with controllable risk). In these situations, the Group calculates and applies valuation adjustments in accordance with common industry practice. The main sources of model risk are described below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the interest rate markets, the sources of model risk include interest rate indexes correlations, basis spread modelling, the risk of calibrating model parameters and the treatment of near-zero or negative interest rates. Other sources of risk arise from the estimation of market data, such as volatilities or yield curves, whether used for estimation or cash flow discounting purposes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the stock markets, the sources of model risk include forward skew modelling, the impact of stochastic interest rates, correlation and multi-curve modelling. Other sources of risk arise from managing hedges of digital callable and barrier option payments. Also worthy of consideration as sources of risk are the estimation of market data such as dividends and correlation for quanto and composite basket options.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">For specific financial instruments relating to home mortgage loans secured by financial institutions in the UK (which are regulated and partially financed by the Government) and property asset derivatives, the main input is the Halifax House Price Index (HPI). In these cases, risk assumptions include estimations of the future growth and the volatility of the HPI, the mortality rate and the implied credit spreads.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inflation markets are exposed to model risk resulting from uncertainty around modelling the correlation structure among various Consumer Price Index (CPI) rates. Another source of risk may arise from the bid-offer spread of inflation-linked swaps.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The currency markets are exposed to model risk resulting from forward skew modelling and the impact of stochastic interest rate and correlation modelling for multi-asset instruments. Risk may also arise from market data, due to the existence of specific illiquid foreign exchange pairs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The most important source of model risk for credit derivatives relates to the estimation of the correlation between the probabilities of default of different underlying issuers. For illiquid underlying issuers, the CDS spread may not be well defined.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">289</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-272"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFairValueOfFinancialInstrumentsMeasurementBasedOnInternalModelsTableTextBlock" id="f-11241" continuedAt="f-11241-1" escape="true"><ix:continuation id="f-11154-4" continuedAt="f-11154-5"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below are the financial instruments at fair value whose measurement was based on internal models (levels 2 and 3) at 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:30.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.085%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.087%"/><td style="width:0.1%"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair&#160;values&#160;calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level&#160;2 </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level&#160;3 </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation&#160;techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4778" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11242">163,796</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4779" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11243">18,487</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4780" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11244">139,293</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4781" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11245">6,496</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4782" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11246">14,191</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4783" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11247">441</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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format="ixt:num-dot-decimal" scale="6" id="f-11248">25,815</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4785" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11249">152</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4786" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11250">27,986</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4787" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11251">4,592</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4788" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11252">14,470</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4789" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11253">340</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4790" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11254">56,831</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4791" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11255">971</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4792" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11256">39,716</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4793" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11257">551</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI, Basis, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4794" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11258">1,332</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4795" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11259">39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4796" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11260">1,490</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4797" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11261">39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4799" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11263">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4800" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11264">439</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4822" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11286">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4823" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11287">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4824" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11288">413</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4825" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11289">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4826" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11290">4,725</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4827" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11291">14</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4828" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11292">14</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4829" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11293">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices </span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets  at fair value through other comprehensive  income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4830" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11294">12,962</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4831" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11295">9,061</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4832" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11296">19</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4833" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11297">272</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Market price, Dividends and Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4834" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11298">6,819</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4835" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11299">887</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4836" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11300">6,124</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4837" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11301">7,902</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices and Credit curves</span></td></tr></table></div></ix:continuation></ix:nonNumeric><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">290</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-273"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11241-1" continuedAt="f-11241-2"><ix:continuation id="f-11154-5" continuedAt="f-11154-6"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:30.799%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.989%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.989%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.490%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.492%"/><td style="width:0.1%"/></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair&#160;values&#160;calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level&#160;2 </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level&#160;3 </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation&#160;techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4778" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11302">198,377</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4779" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11303">1,110</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4838" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11304">133,490</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4839" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11305">864</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4840" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11306">12,385</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4841" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11307">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4842" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11308">27,058</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4843" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11309">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4844" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11310">36,120</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4845" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11311">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4846" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11312">50,248</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4847" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11313">864</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4848" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11314">33,597</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4849" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11315">418</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Basis, Liquidity, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4850" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11316">903</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4851" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11317">34</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4856" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11322">121</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4857" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11323">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" 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0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves ,FX market prices, Equity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4864" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11330">4,191</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4865" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11331">19</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 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Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4868" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11334">38</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4869" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11335">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves , 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2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4871" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11337">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4872" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11338">18,510</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4873" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11339">227</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present Value Method with actuarial techniques</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Mortality tables and interest rate curves</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes mainly temporary acquisitions/disposals of assets with corporate clients and, to a lesser extent, with central banks.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Includes mainly syndicated loans under the HTC&amp;S business model.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">It mainly includes short-term deposits that are managed based on their fair value.</span></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">291</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-274"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11241-2" continuedAt="f-11241-3"><ix:continuation id="f-11154-6" continuedAt="f-11154-7"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:29.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:28.090%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Valuation techniques</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4874" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11340">163,941</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4875" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11341">15,319</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4876" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11342">133,874</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4877" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11343">10,351</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4878" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11344">138,176</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4879" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11345">3,930</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4880" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11346">106,993</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4881" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11347">2,086</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4882" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11348">12,966</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4883" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="0" id="f-11349">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4884" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11350">17,717</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4885" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11351">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4886" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11352">26,546</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4887" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11353">769</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4888" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11354">14,061</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4889" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="0" id="f-11355">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4890" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11356">24,602</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4891" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11357">1,801</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4892" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11358">11,418</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4893" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11359">24</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4894" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11360">11,115</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4895" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11361">413</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4896" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11362">8,683</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4897" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11363">915</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4898" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11364">62,947</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4899" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11365">947</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4900" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11366">55,114</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4902" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11368">47,519</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4903" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11369">556</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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id="f-11383">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4918" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11384">465</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4919" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11385">241</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4920" 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id="f-11408">1,505</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4943" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11409">2,588</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4945" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11411">2,095</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4946" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11412">763</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4947" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11413">1,841</ix:nonFraction>&#160;</span></td><td 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4949" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11415">1,495</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities issued</span></td><td colspan="2" 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id="f-11426">6,846</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4961" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11427">181</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" 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id="f-11430">459</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4965" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11431">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4966" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11432">4,590</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4967" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11433">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4968" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11434">6,189</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4969" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11435">31</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4970" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11436">67</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4971" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11437">86</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4972" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11438">198</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4973" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11439">150</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander 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style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4975" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11441">8,675</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4976" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11442">12,688</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4977" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11443">5,989</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4978" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11444">5</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4979" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11445">375</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4980" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11446">5</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4981" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11447">492</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4982" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11448">9,644</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4983" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11449">1,047</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4984" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11450">9,638</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4985" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-11451">559</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4986" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11452">3,894</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4987" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11453">7,253</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4988" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11454">3,045</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4989" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11455">4,938</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">292</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-275"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11154-7" continuedAt="f-11154-8"><ix:continuation id="f-11241-3"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:30.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.053%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4875" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11457">1,352</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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id="f-11459">1,227</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4990" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11460">121,243</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4991" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11461">934</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4993" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11463">869</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4994" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11464">13,300</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4995" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11465">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4996" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11466">7,808</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4997" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11467">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4998" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11468">26,284</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4999" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11469">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5000" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11470">17,862</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5001" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11471">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5002" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11472">18,984</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5003" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11473">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5004" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11474">19,837</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5005" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11475">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5006" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11476">56,205</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5007" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11477">934</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5008" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11478">49,380</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5009" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11479">869</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5010" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11480">41,283</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5011" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11481">479</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5012" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11482">39,395</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5013" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11483">388</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Gaussian Copula</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5014" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11484">2,295</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5015" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11485">79</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5016" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11486">2,207</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5017" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11487">139</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate 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contextRef="c-5026" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-11496">1,276</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5027" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:fixed-zero" scale="6" id="f-11497">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-11502">6,662</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5033" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11503">147</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5057" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11527">29</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5061" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-11531">323</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method with actuarial techniques</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes mainly temporary acquisitions/disposals of assets with corporate clients and, to a lesser extent, with central banks. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Includes mainly syndicated loans under the HTC&amp;S business model.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Includes, mainly, short-term deposits that are managed based on their fair value.</span></div></ix:continuation><div style="text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i2902ca59b5bf48d99441ca0a7246286a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Financial Instruments (level 3)</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below are the Group&#8217;s main financial instruments measured using unobservable market data as significant inputs of the internal models (level 3):</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">HTC&amp;S (Held to collect and sale) syndicated loans classified in the fair value category with changes in other comprehensive income, where the cost of liquidity is not directly observable in the market, as well as the prepayment option in favour of the borrower.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repos and reverse repos classified as financial assets held for trading, whose valuation uses significant unobservable inputs, mainly associated with credit adjustments, liquidity and certain specific characteristics of the counterparty and the collateral.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Illiquid equity in non-trading portfolios, classified at fair value through profit or loss and at fair value through equity. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Instruments in Santander UK&#8217;s portfolio (loans, debt securities and derivatives) linked to the House Price Index (HPI). Even if the valuation techniques used for these instruments may be the same as those used to value similar products (present value in the case of loans and debt securities, and the Black-Scholes model for derivatives), the main factors used in the valuation of these instruments are the HPI spot rate, the growth and volatility </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">thereof, and the mortality rates, which are not always observable in the market and, accordingly, these instruments are considered illiquid.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Callable interest rate derivatives (Bermudan-style options) where the main unobservable input is mean reversion of interest rates.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Trading derivatives on interest rates, taking as an underlying asset titling and with the amortization rate (CPR, Conditional prepayment rate) as unobservable main entry.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> Derivatives from trading on inflation in Spain, where volatility is not observable in the market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Equity volatility derivatives, specifically indices and equities, where volatility is not observable in the long term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives on long-term interest rate and FX in some units (mainly South America) where for certain underlyings it is not possible to demonstrate observability to these terms.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Debt instruments referenced to certain illiquid interest rates, for which there is no reasonable market observability.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">293</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-276"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11154-8" continuedAt="f-11154-9"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The measurements obtained using the internal models might have been different if other methods or assumptions had been used with respect to interest rate risk, to credit risk, market risk and foreign currency risk spreads, or to their related correlations and volatilities. Nevertheless, the Bank considers that the fair value of the financial assets and liabilities recognised in the consolidated balance sheet and the gains and losses arising from these financial instruments are reasonable.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net amount recognised in profit and loss in 2025 arising from models whose significant inputs are unobservable market data (level 3) amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:GainsLossesRecognisedInProfitOrLossFairValueMeasurement" scale="6" id="f-11532">469</ix:nonFraction> profit (EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="san:GainsLossesRecognisedInProfitOrLossFairValueMeasurement" scale="6" id="f-11533">523</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:GainsLossesRecognisedInProfitOrLossFairValueMeasurement" scale="6" id="f-11534">404</ix:nonFraction>&#160;million profit in 2024 and  2023, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i834d0e1fedf549f498c6918fb2113db5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1.</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:3.55pt">Valuation techniques</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementsOfAssetsAndLiabilitiesTableTextBlock" id="f-11535" continuedAt="f-11535-1" escape="true"><div style="margin-bottom:9pt;padding-right:260.79pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The table below shows the effect, at 31 December 2025, 2024 and 2023 on the fair value of the main financial instruments classified as level 3 of a reasonable change in the assumptions used in the valuation. This effect was determined by applying the probable valuation ranges of the main unobservable inputs detailed in the following table:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.644%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market proxy</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price / Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5062" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11536">10.50</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5062" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11537">10.50</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5063" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11538">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5064" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11539">10</ix:nonFraction>%</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5065" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11540">5.10</ix:nonFraction>%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5066" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11541">2.24</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5066" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11542">2.29</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5067" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11543">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5068" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11544">8</ix:nonFraction>%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5069" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11545">4.00</ix:nonFraction>%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5070" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11546">9.21</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5070" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11547">9.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5071" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11548">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5072" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11549">90</ix:nonFraction>%</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5073" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11550">35.50</ix:nonFraction>%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5074" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11551">1.32</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5074" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11552">0.62</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Modelo de Black Scholes</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5075" decimals="6" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11553">6.50</ix:nonFraction>)bps - <ix:nonFraction unitRef="number" contextRef="c-5076" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11554">6.50</ix:nonFraction>bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5077" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11555">1.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5078" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11556">0.38</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5078" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11557">0.52</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5079" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11558">146.3</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5080" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11559">148.3</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5081" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11560">147.30</ix:nonFraction></span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5082" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11561">0.01</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5082" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11562">0.01</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5083" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11563">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5084" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11564">70</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5085" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11565">40.50</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5086" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11566">0.17</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5086" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11567">0.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5087" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11568">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5088" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11569">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5089" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11570">50.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5090" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11571">18.86</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5090" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11572">18.86</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Fx Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Fx option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5091" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11573">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5092" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11574">40</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5093" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11575">19.80</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5094" decimals="-5" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11576">0.5</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5094" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11577">0.49</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Forward</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5095" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11578">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5096" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11579">15</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5097" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11580">8.10</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5098" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11581">0.01</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5098" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11582">0.02</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5099" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11583">2</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5100" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11584">8</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5101" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11585">4.90</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5102" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11586">0.18</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5102" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11587">0.17</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5103" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11588">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5104" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11589">30</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5105" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11590">14.80</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5106" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11591">0.19</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5106" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11592">0.19</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">INF option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5107" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11593">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5108" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11594">30</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5109" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11595">14.90</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5110" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11596">0.63</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5110" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11597">0.63</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5111" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11598">5</ix:nonFraction>% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5112" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11599">11.24</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5112" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11600">8.23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5113" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11601">19.6</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5114" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11602">127.5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5115" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11603">50.50</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5116" decimals="-5" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11604">2.1</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5116" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11605">0.84</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5117" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11606">1.0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5118" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11607">99.0</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5119" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11608">99.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5120" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11609">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5120" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11610">1.41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5121" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11611">60</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5122" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11612">300</ix:nonFraction>bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5123" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11613">179.80</ix:nonFraction>bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5124" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11614">3.48</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5124" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11615">3.47</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5125" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11616">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5126" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11617">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5127" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11618">0.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5128" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11619">2.64</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5128" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11620">2.64</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5129" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11621">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5130" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11622">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5131" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11623">50.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5132" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11624">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5132" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11625">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5133" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11626">0.1</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5134" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11627">3</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5135" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11628">1.60</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5136" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11629">0.12</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5136" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11630">0.12</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5137" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11631">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5138" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11632">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5139" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11633">0.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5140" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11634">0.23</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5140" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11635">0.23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5141" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11636">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5142" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11637">8</ix:nonFraction>%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5143" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11638">4.10</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5144" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11639">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5144" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11640">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">294</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-277"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11535-1" continuedAt="f-11535-2"><ix:continuation id="f-11154-9" continuedAt="f-11154-10"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.643%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5145" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11641">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5146" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11642">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5147" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11643">0.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5148" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11644">0.11</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5148" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11645">0.11</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5149" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11646">90</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5150" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11647">110</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5151" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11648">100.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5152" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11649">254.29</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5152" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11650">254.29</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5153" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11651">2.33</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5153" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11652">2.33</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5154" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11653">6.1</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5155" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11654">7.2</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5156" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11655">6.60</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5157" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11656">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5157" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11657">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5158" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11658">3</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5159" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11659">7</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5160" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11660">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5161" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11661">0.25</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5161" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11662">0.25</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5162" decimals="5" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11663">121.9</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5163" decimals="5" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11664">174.7</ix:nonFraction> bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5164" decimals="5" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11665">121.9</ix:nonFraction>bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5165" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11666">1.6</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5165" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11667">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5166" decimals="3" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11668">0.3</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5167" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11669">0.1</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5168" decimals="4" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11670">0.30</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5169" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11671">2.70</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5169" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11672">0.54</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5170" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11673">3.4</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5171" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11674">5.5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5172" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11675">4.50</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5173" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11676">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5173" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11677">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5174" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11678">90</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5175" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11679">110</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5176" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11680">100.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5177" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11681">27.16</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5177" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11682">27.16</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5178" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11683">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5179" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11684">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5180" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11685">43.80</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5181" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11686">0.09</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5181" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11687">0.07</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5182" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11688">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5183" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11689">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5184" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11690">42.30</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5185" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11691">0.33</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5185" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11692">0.22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5186" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11693">1</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5187" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11694">99</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5188" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11695">50.40</ix:nonFraction></span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5189" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11696">1.38</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5189" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11697">1.40</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit Spread</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5190" decimals="5" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-4" id="f-11698">8.4</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5191" decimals="5" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-4" id="f-11699">19.2</ix:nonFraction>bps</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5192" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11700">10.70</ix:nonFraction>bps</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5193" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11701">2.42</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5193" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11702">0.66</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">295</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-278"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11535-2" continuedAt="f-11535-3"><ix:continuation id="f-11154-10" continuedAt="f-11154-11"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.644%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5194" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11703">0.05</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5194" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11704">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5195" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11705">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5196" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11706">10</ix:nonFraction>%</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5197" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11707">5.10</ix:nonFraction>%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5198" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11708">2.24</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5198" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11709">2.29</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5199" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11710">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5200" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11711">8</ix:nonFraction>%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5201" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11712">4.00</ix:nonFraction>%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5202" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11713">9.21</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5202" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11714">9.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5203" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11715">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5204" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11716">90</ix:nonFraction>%</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5205" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11717">35.50</ix:nonFraction>%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5206" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11718">1.32</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5206" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11719">0.62</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5207" decimals="4" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11720">2</ix:nonFraction>)bps - <ix:nonFraction unitRef="number" contextRef="c-5208" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11721">2</ix:nonFraction>bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5209" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11722">0.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5210" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11723">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5210" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11724">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5211" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11725">158</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5212" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11726">165</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5213" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11727">161.50</ix:nonFraction></span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5214" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11728">0.01</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5214" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11729">0.01</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5215" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11730">100</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5216" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11731">250</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5217" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11732">178.83</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5218" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11733">0.09</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5218" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11734">0.10</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5219" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11735">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5220" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11736">70</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5221" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11737">41.25</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5222" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11738">0.48</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5222" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11739">0.69</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5223" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11740">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5224" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11741">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5225" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11742">50.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5226" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11743">21.54</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5226" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11744">21.54</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Forward</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5227" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11745">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5228" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11746">15</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5229" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11747">8.08</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5230" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11748">0.06</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5230" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11749">0.07</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5231" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11750">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5232" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11751">40</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5233" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11752">20.10</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5234" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11753">0.65</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5234" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11754">0.66</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5235" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11755">2</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5236" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11756">8</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5237" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11757">4.78</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5238" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11758">0.21</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5238" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11759">0.18</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5239" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11760">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5240" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11761">30</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5241" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11762">17.34</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5242" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11763">0.16</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5242" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11764">0.22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5243" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11765">5</ix:nonFraction>% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5244" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11766">4.09</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5244" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11767">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5245" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11768">47.8</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5246" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11769">273.4</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5247" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11770">155.36</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5248" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11771">1.91</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5248" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11772">1.74</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5249" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11773">1</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5250" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11774">99</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5251" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11775">49.58</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5252" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11776">2.45</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5252" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11777">2.41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5253" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11778">60</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5254" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11779">300</ix:nonFraction>bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5255" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11780">181.50</ix:nonFraction>bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5256" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11781">3.00</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5256" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11782">3.08</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5257" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11783">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5258" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11784">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5259" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11785">0.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5260" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11786">3.39</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5260" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11787">3.39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5261" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11788">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5262" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11789">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5263" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11790">50.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5264" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11791">0.63</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5264" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11792">0.63</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5265" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11793">0.1</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5266" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11794">2.0</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5267" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11795">1.05</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5268" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11796">0.15</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5268" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11797">0.15</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5269" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11798">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5270" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11799">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5271" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11800">0.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5272" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11801">0.24</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5272" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11802">0.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5273" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11803">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5274" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11804">8</ix:nonFraction>%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5275" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11805">3.96</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5276" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11806">3.63</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5276" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11807">3.55</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">296</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-279"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11535-3" continuedAt="f-11535-4"><ix:continuation id="f-11154-11" continuedAt="f-11154-12"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.643%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5277" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11808">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5278" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11809">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5279" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11810">0.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5280" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11811">0.24</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5280" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11812">0.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5281" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11813">90</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5282" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11814">110</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5283" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11815">100.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5284" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11816">183.98</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5284" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11817">183.98</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5285" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11818">18.61</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5285" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11819">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5286" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11820">3.4</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5287" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11821">6.5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5288" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11822">4.95</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5289" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11823">0.17</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5289" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11824">0.17</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5290" decimals="4" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11825">1</ix:nonFraction>)bps - <ix:nonFraction unitRef="number" contextRef="c-5291" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11826">1</ix:nonFraction>bps </span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5292" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11827">0</ix:nonFraction>bp</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5293" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11828">30.36</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5293" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11829">30.36</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5294" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11830">150</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5295" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11831">232</ix:nonFraction>bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5296" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11832">150</ix:nonFraction>bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5297" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11833">1.96</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5297" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11834">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5298" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11835">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5299" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11836">20</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5300" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11837">0.01</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5301" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11838">4.91</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5301" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11839">1.23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5302" decimals="4" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11840">0.01</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5303" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11841">0.01</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5304" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11842">0.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5305" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11843">0.09</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5305" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11844">0.09</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5306" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11845">1.6</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5307" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11846">5.2</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5308" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11847">3.40</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5309" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11848">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5309" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11849">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5310" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11850">90</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5311" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11851">110</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5312" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11852">100.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5313" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11853">37.56</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5313" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11854">37.56</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5314" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11855">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5315" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11856">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5316" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11857">42.20</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5317" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11858">0.11</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5317" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11859">0.07</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5318" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11860">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5319" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11861">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5320" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11862">45.30</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5321" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11863">0.03</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5321" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11864">0.02</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5322" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11865">1</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5323" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11866">99</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5324" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-11867">47.12</ix:nonFraction></span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5325" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11868">4.77</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5325" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11869">4.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5326" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-4" id="f-11870">34</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5327" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-4" id="f-11871">68</ix:nonFraction>bps</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5328" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-4" id="f-11872">44</ix:nonFraction>bps</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5329" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11873">4.09</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5329" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-11874">1.65</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">For each instrument, the valuation technique, the unobservable inputs are shown in the 'Main observable inputs' column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">297</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-280"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div><ix:continuation id="f-11535-4" continuedAt="f-11535-5"><ix:continuation id="f-11154-12" continuedAt="f-11154-13"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.643%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5330" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11875">0.05</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5330" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11876">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5331" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11877">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5332" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11878">10</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5333" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11879">5.06</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5334" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11880">4.50</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5334" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11881">4.61</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5335" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11882">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5336" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11883">8</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5337" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11884">3.99</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5338" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11885">8.07</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5338" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11886">8.02</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5339" decimals="4" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11887">6</ix:nonFraction>)bps - <ix:nonFraction unitRef="number" contextRef="c-5340" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11888">6</ix:nonFraction>bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5341" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11889">0.40</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5342" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11890">0.90</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5342" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11891">1.03</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit default models</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Illiquid credit default spread curves</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5343" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11892">100</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5344" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11893">200</ix:nonFraction>bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5345" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11894">149.14</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5346" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11895">0.14</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5346" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11896">0.14</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5347" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11897">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5348" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11898">70</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5349" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11899">41.25</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5350" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11900">0.48</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5350" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11901">0.69</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5351" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11902">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5352" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11903">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5353" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11904">50.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5354" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11905">21.54</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5354" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11906">21.54</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5355" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11907">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5356" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11908">40</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5357" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11909">20.10</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5358" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11910">0.65</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5358" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11911">0.66</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5359" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11912">2</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5360" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11913">8</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5361" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11914">4.78</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5362" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11915">0.21</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5362" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11916">0.18</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5363" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11917">0.0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5364" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11918">30.0</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5365" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11919">17.34</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5366" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11920">0.16</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5366" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11921">0.22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5367" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11922">5</ix:nonFraction>% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5368" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11923">4.09</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5368" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11924">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5369" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11925">47.8</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5370" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11926">273.4</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5371" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11927">155.36</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5372" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11928">1.91</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5372" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11929">1.74</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5373" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11930">1.0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5374" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11931">99.0</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5375" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11932">49.58</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5376" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11933">2.45</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5376" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11934">2.41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5377" decimals="5" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11935">5.2</ix:nonFraction>)bps - <ix:nonFraction unitRef="number" contextRef="c-5378" decimals="5" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11936">5.2</ix:nonFraction>bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5379" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11937">0.09</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5380" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11938">0.03</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5380" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11939">0.03</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment modelling</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5381" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11940">2.5</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5382" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11941">9.0</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5383" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11942">8.92</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5384" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11943">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5384" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11944">0.05</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5385" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11945">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5386" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11946">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5387" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11947">0.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5388" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11948">3.39</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5388" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11949">3.39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5389" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11950">10.00</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5390" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11951">90.00</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5391" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11952">50.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5392" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11953">0.63</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5392" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11954">0.63</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Structured notes</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price based</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5393" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11955">10</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5394" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11956">10</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5395" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11957">0.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5396" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11958">1.53</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5396" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11959">1.53</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5397" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11960">0.1</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5398" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11961">2</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5399" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11962">1.05</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5400" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11963">0.15</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5400" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11964">0.15</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;(<ix:nonFraction unitRef="number" contextRef="c-5401" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11965">5</ix:nonFraction>)%- <ix:nonFraction unitRef="number" contextRef="c-5402" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11966">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5403" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11967">0.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5404" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11968">0.24</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5404" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11969">0.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5405" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11970">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5406" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11971">8</ix:nonFraction>%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5407" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11972">3.96</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5408" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11973">3.63</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5408" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11974">3.55</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">298</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-281"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11535-5"><ix:continuation id="f-11154-13" continuedAt="f-11154-14"><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:19.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.052%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5409" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11975">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5410" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11976">5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5411" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11977">0.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5412" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11978">0.24</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5412" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11979">0.24</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5413" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11980">90</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5414" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11981">110</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5415" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11982">100.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5416" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11983">183.98</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5416" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11984">183.98</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a. </span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5417" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11985">18.61</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5417" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-11986">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5418" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11987">3.4</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5419" decimals="3" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11988">6.5</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5420" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-11989">4.95</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5421" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11990">0.17</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5421" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11991">0.17</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5422" decimals="4" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11992">1</ix:nonFraction>)bp - <ix:nonFraction unitRef="number" contextRef="c-5423" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11993">1</ix:nonFraction>bp</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5424" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11994">0</ix:nonFraction>bp</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5425" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11995">30.36</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5425" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-11996">30.36</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5426" decimals="5" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11997">150.0</ix:nonFraction>bps - <ix:nonFraction unitRef="number" contextRef="c-5427" decimals="5" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11998">232.0</ix:nonFraction>bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5428" decimals="6" name="ifrs-full:SignificantUnobservableInputAssets" scale="-4" id="f-11999">150.00</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5429" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-12000">1.96</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5429" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-12001">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5430" decimals="2" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12002">5</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5431" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12003">20</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5432" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12004">0.01</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5433" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-12005">4.91</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5433" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-12006">1.23</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-5434" decimals="4" sign="-" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12007">0.01</ix:nonFraction>)% - <ix:nonFraction unitRef="number" contextRef="c-5435" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12008">0.01</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5436" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12009">0.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5437" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-12010">0.09</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5437" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-12011">0.09</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5438" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12012">0</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5439" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12013">2</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5440" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12014">0.99</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5441" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-12015">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5441" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" format="ixt:fixed-zero" scale="6" id="f-12016">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5442" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12017">90</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5443" decimals="2" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12018">110</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5444" decimals="4" name="ifrs-full:SignificantUnobservableInputAssets" scale="-2" id="f-12019">100.00</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5445" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-12020">37.56</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5445" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssets" scale="6" id="f-12021">37.56</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5446" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12022">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5447" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12023">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5448" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12024">42.20</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5449" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12025">0.11</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5449" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12026">0.07</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CMS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5450" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12027">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5451" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12028">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5452" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12029">47.66</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5453" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" format="ixt:fixed-zero" scale="6" id="f-12030">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5453" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" format="ixt:fixed-zero" scale="6" id="f-12031">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5454" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12032">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5455" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12033">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5456" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12034">45.30</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5457" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12035">0.03</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5457" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12036">0.02</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5458" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12037">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5459" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12038">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5460" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12039">39.03</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5461" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12040">4.09</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5461" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12041">1.65</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swaptions</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5462" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12042">10</ix:nonFraction>% - <ix:nonFraction unitRef="number" contextRef="c-5463" decimals="2" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12043">90</ix:nonFraction>%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-5464" decimals="4" name="ifrs-full:SignificantUnobservableInputLiabilities" scale="-2" id="f-12044">35.55</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5465" decimals="-4" name="ifrs-full:DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12045">0.21</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5465" decimals="-4" name="ifrs-full:IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsLiabilities" scale="6" id="f-12046">0.10</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">For each instrument, the valuation technique, the unobservable inputs are shown in the 'Main observable inputs' column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">299</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-282"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-11154-14" continuedAt="f-11154-15"><div style="margin-bottom:3pt;margin-top:9pt"><span id="iab10718821864526850bed361c0a67bb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">2. Movement of financial instruments classified as Level 3</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfChangesInFairValueOfFinancialAssetsAndLiabilitiesCalculatedUsingInternalModelsTableTextBlock" id="f-12047" continuedAt="f-12047-1" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lastly, the changes in the financial instruments classified as Level 3 in 2025, 2024 and 2023 were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:23.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.238%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2025</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value calculated using internal models (Level 3)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/<br/>Issuances</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit or<br/>loss</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in equity</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level&#160;3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5466" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-12048">3,930</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5470" decimals="-6" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyAssets" format="ixt:fixed-zero" scale="6" id="f-12059">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5579" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12320">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5579" decimals="-6" name="ifrs-full:SalesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12321">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5579" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" scale="6" id="f-12322">19</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5579" decimals="-6" name="ifrs-full:GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12323">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5541" decimals="-6" name="ifrs-full:SalesFairValueMeasurementLiabilities" scale="6" id="f-12329">256</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5541" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" scale="6" id="f-12330">64</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5541" decimals="-6" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyLiabilities" scale="6" id="f-12332">101</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5541" decimals="-6" name="san:OtherIncreaseDecreaseInFairValueMeasurementLiabilities" scale="6" id="f-12333">19</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4779" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-12334">1,110</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">300</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-283"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-12047-1" continuedAt="f-12047-2"><ix:continuation id="f-11154-15" continuedAt="f-11154-16"><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:23.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.238%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level&#160;3)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases<br/>/Issuances</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in profit or<br/>loss</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in equity</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level&#160;3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5581" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-12335">2,086</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5582" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementAssets" format="ixt:num-dot-decimal" scale="6" id="f-12336">3,205</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5582" decimals="-6" name="ifrs-full:SalesFairValueMeasurementAssets" scale="6" id="f-12337">813</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5582" decimals="-6" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" scale="6" id="f-12338">302</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#8212;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5582" decimals="-6" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyAssets" scale="6" id="f-12339">715</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5582" decimals="-6" sign="-" name="san:OtherIncreaseDecreaseInFairValueMeasurementAssets" scale="6" id="f-12340">135</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5466" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-12341">3,930</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5583" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" format="ixt:fixed-zero" scale="6" id="f-12342">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5584" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementAssets" scale="6" id="f-12343">770</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5584" decimals="-6" name="ifrs-full:SalesFairValueMeasurementAssets" format="ixt:fixed-zero" scale="6" id="f-12344">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5584" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" scale="6" id="f-12345">1</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5584" decimals="-6" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyAssets" format="ixt:fixed-zero" scale="6" id="f-12346">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt 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name="san:OtherIncreaseDecreaseInFairValueMeasurementAssets" scale="6" id="f-12382">39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5484" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-12383">556</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span 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name="ifrs-full:FinancialAssetsAtFairValue" scale="6" id="f-12398">235</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5601" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementAssets" scale="6" id="f-12399">42</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-12516">472</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5632" decimals="-6" name="ifrs-full:SalesFairValueMeasurementLiabilities" scale="6" id="f-12517">200</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5575" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-12584">160</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5651" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-12585">323</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5652" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12586">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5652" decimals="-6" name="ifrs-full:SalesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12587">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5652" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" scale="6" id="f-12588">26</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5652" decimals="-6" name="ifrs-full:GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12589">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5652" decimals="-6" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyLiabilities" format="ixt:fixed-zero" scale="6" id="f-12590">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5652" decimals="-6" sign="-" name="san:OtherIncreaseDecreaseInFairValueMeasurementLiabilities" scale="6" id="f-12591">51</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5578" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-12592">246</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4877" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-12593">1,227</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5630" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementLiabilities" scale="6" id="f-12594">513</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5630" decimals="-6" name="ifrs-full:SalesFairValueMeasurementLiabilities" scale="6" id="f-12595">205</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5630" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" scale="6" id="f-12596">120</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5630" decimals="-6" name="ifrs-full:GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12597">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5630" decimals="-6" name="ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyLiabilities" scale="6" id="f-12598">172</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5630" decimals="-6" name="san:OtherIncreaseDecreaseInFairValueMeasurementLiabilities" scale="6" id="f-12599">109</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4875" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-12600">1,352</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">301</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-284"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-12047-2"><ix:continuation id="f-11154-16"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:23.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.238%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level&#160;3)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Issuances</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit 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contextRef="c-5716" decimals="-6" name="san:OtherIncreaseDecreaseInFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12828">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5649" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-12829">29</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5717" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-12830">345</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5718" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12831">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5718" decimals="-6" name="ifrs-full:SalesFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12832">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5718" decimals="-6" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" format="ixt:fixed-zero" scale="6" id="f-12833">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5718" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" scale="6" id="f-12834">40</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5718" decimals="-6" name="ifrs-full:TransfersIntoLevel3OfFairValueHierarchyLiabilities" format="ixt:fixed-zero" scale="6" id="f-12835">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5718" decimals="-6" name="san:OtherIncreaseDecreaseInFairValueMeasurementLiabilities" scale="6" id="f-12836">18</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5651" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-12837">323</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5695" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" scale="6" id="f-12838">925</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5696" decimals="-6" name="ifrs-full:PurchasesFairValueMeasurementLiabilities" scale="6" id="f-12839">308</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5696" decimals="-6" name="ifrs-full:SalesFairValueMeasurementLiabilities" scale="6" id="f-12840">318</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5696" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" scale="6" id="f-12841">124</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5696" decimals="-6" sign="-" name="ifrs-full:GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" scale="6" id="f-12842">40</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5696" decimals="-6" name="ifrs-full:TransfersIntoLevel3OfFairValueHierarchyLiabilities" scale="6" id="f-12843">471</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5696" decimals="-6" name="san:OtherIncreaseDecreaseInFairValueMeasurementLiabilities" scale="6" id="f-12844">5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4877" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-12845">1,227</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">302</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1120"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-285"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt;padding-right:263.62pt"><span id="i52e7068778f740b2aad55be19efaba9c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">51.&#160;<ix:nonNumeric contextRef="c-1" name="san:DisclosureOfOtherInformationAboutFinancialAssetsAndLiabilitiesTextBlock" id="f-12846" continuedAt="f-12846-1" escape="true">Other disclosures</ix:nonNumeric></span></div><ix:continuation id="f-12846-1" continuedAt="f-12846-2"><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i543ba1124c584c5080bd8fbd4d60b3cc"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Residual maturity periods</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFinancialAssetsAndLiabilitiesMaturityPeriodsTableTextBlock" id="f-12847" continuedAt="f-12847-1" escape="true"><div style="margin-bottom:9pt;margin-top:6pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by maturity, of the balances of certain items in the consolidated balance sheet at 31 December 2025, 2024 and 2023 is presented below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"/><td style="width:32.133%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.438%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.438%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.438%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.438%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.438%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.438%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.439%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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scale="6" id="f-12885">851</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5742" decimals="-6" name="ifrs-full:FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-12886">1,870</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction 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name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-12997">34,042</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2457" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-12998">89,972</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2463" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13000">336,260</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13001">6,117</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, notes and other securities) (see note 22).</span></div></ix:nonNumeric></ix:continuation><div style="text-indent:10.91pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">303</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-286"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-12847-1" continuedAt="f-12847-2"><ix:continuation id="f-12846-2" continuedAt="f-12846-3"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:33.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.236%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3 years</span></td><td colspan="3" style="border-top:0.5pt 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3581" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13046">167,974</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2458" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13047">220,871</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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id="f-13054">17,071</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5793" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13055">22,705</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5794" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13056">57,504</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-12" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13057">120,949</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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format="ixt:num-dot-decimal" scale="6" id="f-13059">198,937</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5797" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13060">153,933</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction 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unitRef="eur" contextRef="c-39" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13106">1,126,439</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5825" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" scale="6" id="f-13107">17</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5826" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13108">9,063</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5827" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13109">11,022</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5828" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13110">4,772</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5829" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:fixed-zero" scale="6" id="f-13111">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5830" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" scale="6" id="f-13112">8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13114">13,948</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5832" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13115">27,149</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5837" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13121">693,453</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5838" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13122">177,008</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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format="ixt:num-dot-decimal" scale="6" id="f-13126">8,455</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-48" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13127">1,011,545</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5846" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13131">100,451</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5847" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13132">60,128</ix:nonFraction>&#160;</span></td><td 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decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13139">7,591</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5854" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13140">1,014</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-54" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13141">39,916</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7.75pt 0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5787" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13142">720,659</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5788" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13143">256,651</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3581" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13144">171,362</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2458" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13145">155,620</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2461" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13146">89,229</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2464" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13147">90,801</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13148">1,484,322</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Difference (assets less liabilities)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5787" decimals="-6" sign="-" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13149">486,799</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5788" decimals="-6" sign="-" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13150">34,685</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3581" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13151">5,765</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2458" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13152">89,153</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2461" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13153">96,386</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2464" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13154">329,478</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:CertainFinancialAssetsLiabilities" scale="6" id="f-13155">702</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div></ix:continuation></ix:continuation><div style="padding-left:7.09pt;text-indent:10.91pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:16.5pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">304</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-287"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-12847-2"><ix:continuation id="f-12846-3" continuedAt="f-12846-4"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:33.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.236%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than&#160;5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;&#160;&#160;&#160;</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&#160;&#160;&#160;&#160;</span></td><td colspan="3" style="border-top:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5855" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13191">40,687</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5856" decimals="-6" 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format="ixt:num-dot-decimal" scale="6" id="f-13277">63,440</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5914" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13278">92,554</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5915" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13279">57,639</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5916" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13280">61,204</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-52" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13281">303,208</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5917" 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scale="6" id="f-13289">711,093</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5856" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13290">246,898</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt 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format="ixt:num-dot-decimal" scale="6" id="f-13292">161,784</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2462" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13293">88,527</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:CertainFinancialAssetsLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-13302">24,589</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div></ix:continuation></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">305</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-288"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfUndiscountedContractualMaturitiesOfFinancialLiabilitiesAtAmortizedCostByMaturityTableTextBlock" id="f-13303" escape="true"><ix:continuation id="f-12846-4" continuedAt="f-12846-5"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the remaining contractual maturities of the existing financial liabilities at amortised cost at 31 December 2025, 2024 and 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"/><td style="width:27.961%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.034%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.035%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;12 months</span></td><td 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span 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style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.273%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;12 months</span></td><td colspan="3" style="border-top:0.5pt solid 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style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.273%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span 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format="ixt:num-dot-decimal" scale="6" id="f-13448">86,432</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2465" decimals="-6" name="san:UndiscountedFinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-13449">76,528</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid 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style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">306</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-289"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfMaturitiesOfFinancialAssetsLiabilitiesAndMemorandumItemsRecognisedAtOtherThanAmortisedCostTableTextBlock" id="f-13451" continuedAt="f-13451-1" escape="true"><ix:continuation id="f-12846-5" continuedAt="f-12846-6"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2025, 2024 and 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:33.721%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.763%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.763%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.763%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.763%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.763%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.764%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt 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id="f-13594">46</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" scale="6" id="f-13595">50</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL ASSETS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5720" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13596">88,478</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3426" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13597">40,402</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2457" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13598">38,233</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2460" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13599">24,211</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2463" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13600">83,063</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13601">274,387</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation></ix:nonNumeric><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">307</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-290"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-13451-1" continuedAt="f-13451-2"><ix:continuation id="f-12846-6" continuedAt="f-12846-7"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:34.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.616%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than&#160;5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td 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name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-13602">131,052</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3426" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-13603">5,783</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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id="f-13701">15,444</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2463" decimals="-6" name="san:TotalFinancialLiabilitiesRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13702">19,086</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:34.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.616%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5953" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13716">102,278</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5954" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13717">21,002</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td 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id="f-13719">3,643</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5957" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13720">9,375</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-83" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13721">148,118</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5958" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13722">256,966</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5959" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13723">58,431</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5960" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13724">59,015</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5961" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13725">62,358</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5962" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13726">50,031</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5963" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13727">486,801</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the Group&#8217;s experience, no outflows of cash or other financial assets take place prior to the contractual maturity date that might affect the information broken down above.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">308</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-291"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-13451-2" continuedAt="f-13451-3"><ix:continuation id="f-12846-7" continuedAt="f-12846-8"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:34.709%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.601%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than&#160;5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-13871">5,672</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span 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solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2464" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13882">62,504</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-13883">251,459</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">309</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-292"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-13451-3" continuedAt="f-13451-4"><ix:continuation id="f-12846-8" continuedAt="f-12846-9"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:34.709%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.601%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than&#160;5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3581" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-13885">16,537</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:fixed-zero" scale="6" id="f-13905">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5824" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:fixed-zero" scale="6" id="f-13906">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"/><td style="width:34.518%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.630%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.630%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.630%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.630%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.630%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.632%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13980">133,084</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5985" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13981">35,747</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5986" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13982">57,157</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5987" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13983">57,285</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5988" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13984">19,588</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-78" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13985">302,861</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5989" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13986">5,103</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5990" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13987">6,803</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5991" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13988">3,691</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5992" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-13989">796</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5993" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-13990">508</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-81" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13991">16,901</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5994" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13992">92,172</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5995" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13993">20,681</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5996" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13994">13,197</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5997" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13995">5,032</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5998" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13996">3,411</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-84" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13997">134,493</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5999" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13998">230,359</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6000" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-13999">63,231</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6001" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14000">74,045</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6002" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14001">63,113</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6003" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14002">23,507</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6004" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14003">454,255</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">310</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-293"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-13451-4" continuedAt="f-13451-5"><ix:continuation id="f-12846-9" continuedAt="f-12846-10"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"/><td style="width:34.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.616%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than&#160;5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td 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name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14004">36,120</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3715" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14005">49,668</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14008">42,619</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14009">176,921</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14012">17,775</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6008" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14013">9,532</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span 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name="ifrs-full:FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-14119">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6012" decimals="-6" name="ifrs-full:FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" format="ixt:fixed-zero" scale="6" id="f-14120">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2459" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-14138">34,893</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2462" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-14139">19,877</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2465" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-14140">54,220</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:TotalFinancialAssetsRemaining" format="ixt:num-dot-decimal" scale="6" id="f-14141">198,874</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">311</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-294"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-13451-5"><ix:continuation id="f-12846-10" continuedAt="f-12846-11"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:34.709%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.601%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More&#160;than&#160;5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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format="ixt:num-dot-decimal" scale="6" id="f-14143">12,127</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2459" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14144">19,180</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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unitRef="eur" contextRef="c-2465" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14146">7,115</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14147">122,270</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6015" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14148">8,147</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14150">17,990</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6018" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-14151">10,060</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2459" decimals="-6" name="san:TotalFinancialLiabilitiesRemaining" format="ixt:num-dot-decimal" scale="6" id="f-14234">25,656</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2462" decimals="-6" name="san:TotalFinancialLiabilitiesRemaining" format="ixt:num-dot-decimal" scale="6" id="f-14235">12,823</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2465" decimals="-6" name="san:TotalFinancialLiabilitiesRemaining" format="ixt:num-dot-decimal" scale="6" id="f-14236">12,128</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid 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Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:34.709%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.598%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.601%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within&#160;3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1&#160;to&#160;3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3&#160;to&#160;5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6028" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14241">47,204</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6029" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14242">20,300</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-79" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14243">279,589</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6030" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14244">7,870</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6031" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14245">4,734</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6032" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14246">1,654</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6033" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-14247">686</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6034" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" scale="6" id="f-14248">491</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-82" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14249">15,435</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6035" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14250">81,146</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6036" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14251">17,448</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6037" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14252">9,699</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6038" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14253">3,386</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6039" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14254">1,594</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-85" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14255">113,273</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6040" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14256">214,099</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6041" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14257">53,840</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6042" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14258">66,697</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6043" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14259">51,276</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6044" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14260">22,385</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6045" decimals="-6" name="ifrs-full:ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" format="ixt:num-dot-decimal" scale="6" id="f-14261">408,297</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:6pt;padding-left:3.54pt;padding-right:3.54pt;text-align:center;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:3.54pt;padding-right:3.54pt;text-align:center;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">312</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-295"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-12846-11" continuedAt="f-12846-12"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0f44b478a3a643188092d7aae3197740"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Equivalent euro value of assets and liabilities</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfEquivalentEuroValueOfAssetsAndLiabilitiesTableTextBlock" id="f-14262" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the main foreign currency balances in the consolidated balance sheet, based on the nature of the related items, is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:37.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.833%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Equivalent&#160;value&#160;in EUR million</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-14280">12,699</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6046" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-14281">45,564</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6047" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-14285">777,226</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-14286">773,504</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6046" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-14287">1,859</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid 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id="f-14288">2,103</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" format="ixt:num-dot-decimal" scale="6" id="f-14289">1,689</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6046" decimals="-6" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-14293">10,296</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:IntangibleAssetsAndGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-14295">12,772</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6046" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-14296">854,517</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6047" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-14297">938,844</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-14298">937,917</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6047" decimals="-6" name="ifrs-full:OtherAssets" format="ixt:num-dot-decimal" scale="6" id="f-14304">25,891</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6047" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-14305">22,385</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:OtherAssets" format="ixt:num-dot-decimal" scale="6" id="f-14306">26,236</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-14307">25,740</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6046" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-14308">1,143,907</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6046" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-14309">1,027,860</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6047" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-14311">1,051,550</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-14312">1,120,947</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6048" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-14313">1,037,267</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the import of the Polish business held for sale.</span></div></ix:nonNumeric></ix:continuation><div style="margin-bottom:6pt;padding-right:263.62pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">313</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-296"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-12846-12" continuedAt="f-12846-13"><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i4b2ec453a7394e068d3a03550f2fecd2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Fair value of financial assets and liabilities not measured at fair value</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value at year-end of the financial instruments (certain portfolios of loans and advances and debt securities, on the asset side, and deposits and debt securities, on the liability side) registered in the consolidated balance sheet at amortized cost is presented below:</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfFinancialAssetsMeasuredAtOtherThanFairValueTableTextBlock" id="f-14314" escape="true"><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i49dadf88c4804c179c0246c901004c40"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i) Financial assets measured at other than fair value</span></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.418%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.392%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.835%"/><td style="width:0.1%"/></tr><tr><td colspan="54" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level&#160;1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level&#160;2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level&#160;3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level&#160;1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:6.455%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.677%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.689%"/><td style="width:0.1%"/></tr><tr><td colspan="54" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Liabilities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.22pt;font-weight:700;line-height:105%;position:relative;top:-2.27pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level&#160;1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level&#160;2</span></td><td colspan="3" style="border-top:0.5pt 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style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> The main valuation methods and inputs used in the estimates at 31 December 2025 of the fair values of the financial assets and liabilities in the foregoing table were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial assets at amortised cost: the fair value was estimated using the present value method. 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It had been used also current rates offered for deposits of similar remaining maturities.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii) Marketable debt securities and subordinated liabilities: the fair value was calculated based on market prices for these instruments&#160;-when available- or by the present value method using market interest rates and spreads, as well as using any significant input which is not observable with market data if applicable.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii) The fair value of cash, cash balances at central banks and other deposits on demand was taken to be their carrying amount since they are mainly short-term balances.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1123"></div><div style="margin-bottom:6pt;padding-left:9.07pt;text-indent:-9.07pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">314</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-297"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-12846-14"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="i64a6dfdfac4a49b4b0d087943e8ae11a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Offsetting of financial instruments</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory" id="f-14409" continuedAt="f-14409-1" escape="true"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2025, 2024 and 2023:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:23.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.430%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.134%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.136%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14410">117,733</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-5" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14411">55,447</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-5" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14412">62,286</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6124" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14413">217,509</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6124" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14414">76,535</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6124" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14415">140,974</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14416">335,242</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14417">131,982</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14418">203,260</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:24.517%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.430%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.828%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14419">152,331</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14420">82,559</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14421">69,772</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6125" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14422">189,034</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6125" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14423">67,488</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6125" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14424">121,546</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14425">341,365</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14426">150,047</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14427">191,318</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:24.517%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.430%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.828%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14428">149,508</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14429">87,883</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14430">61,625</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6126" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14431">179,580</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6126" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14432">79,500</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6126" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14433">100,080</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14434">329,088</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14435">167,383</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14436">161,705</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:3pt"><span><br/></span></div><ix:continuation id="f-14409-1"><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:24.517%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.430%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.828%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-32" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14437">111,664</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-32" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14438">55,447</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-32" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14439">56,217</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6127" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14440">246,961</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6127" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14441">76,535</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6127" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14442">170,426</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14443">358,625</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14444">131,982</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14445">226,643</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:24.517%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.430%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.828%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-33" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14446">145,064</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-33" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14447">82,559</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-33" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14448">62,505</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6128" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14449">223,141</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6128" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14450">67,488</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6128" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14451">155,653</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14452">368,205</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14453">150,047</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14454">218,158</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:24.517%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.430%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.828%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-34" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14455">146,128</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-34" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14456">87,883</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-34" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14457">58,245</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6129" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14458">212,840</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6129" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14459">79,500</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6129" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14460">133,340</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14461">358,968</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14462">167,383</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" format="ixt:num-dot-decimal" scale="6" id="f-14463">191,585</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, Grupo Santander has offset other items amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther" scale="6" id="f-14464">632</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther" scale="6" id="f-14465">811</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther" scale="6" id="f-14466">910</ix:nonFraction> million at 31 December 2024 and 2023, respectively).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the balance sheet shows the amounts EUR&#160;<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14467">192,621</ix:nonFraction> million (EUR&#160;<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14468">176,198</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14469">151,044</ix:nonFraction> million at 31 December 2024 and 2023) on derivatives and repos as assets and EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14470">220,296</ix:nonFraction> million (EUR&#160;<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14471">209,121</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" format="ixt:num-dot-decimal" scale="6" id="f-14472">180,539</ix:nonFraction> million at 31 December 2024 and 2023, respectively) on derivatives and repos as liabilities that are subject to netting and collateral arrangements.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">315</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1126"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-298"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="ie474550f92384daab81f466b7b1ea1cf"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">52. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory" id="f-14473" continuedAt="f-14473-1" escape="true">Primary and secondary segments reporting</ix:nonNumeric></span></div><ix:continuation id="f-14473-1" continuedAt="f-14473-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander bases segment reporting on financial information presented to the chief operating decision maker, which excludes certain statutory results items that distort year-on-year comparisons and are not considered for management reporting. This financial information (underlying basis) is computed by adjusting reported results for the effects of certain gains and losses (e.g. capital gains, write-downs, impairment of goodwill, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to better understand the underlying trends in the business.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has aligned the information in this note with the underlying information used internally for management reporting and with that presented in Grupo Santander's other public documents.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander executive committee has been selected to be its chief operating decision maker. Grupo Santander's operating segments reflect its organizational and managerial structures. Grupo Santander 's executive committee reviews internal reporting based on these segments to assess performance and allocate resources.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The segments are split by global business and by country in which profits are earned. Santander prepares the information by aggregating the figures for Grupo Santander&#8217;s global businesses and countries, relating it to both the accounting data of the business units integrated in each segment and that provided by management information systems. The same general principles as those used in Grupo Santander are applied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 10 February 2026, the Group announced the implementation of a series of changes to its reporting structure. These changes are intended to improve the transparency and comparability of the metrics and financial statements, as well as to align the reporting with the way the bank has been managed since the beginning of 2026.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These changes, which affect the statutory and underlying income statements, the segment reporting and certain management metrics, have been applied to the periods presented herein and will apply to the information reported from the first quarter of 2026. These changes do not affect the Group&#8217;s consolidated balance sheet. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main changes are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the underlying income statement, the results associated with the business subject to the Poland disposal are recorded in a single line item under 'non-recurring items'. Consequently, the global businesses, which, in accordance with IFRS 8, are reported only on an underlying basis, also exclude Poland.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Certain charges that, until 31 December 2025, were recorded under the 'other provisions' line item are now presented in different lines of the income statement. In particular, charges mainly relating to bank levies and other taxes applicable to the banking sector, are reclassified to 'other operating costs' to ensure uniformity across the Group. In addition, certain recurring operating charges, primarily related to labour (mainly in Brazil) and legal processes, are presented in 'total costs' (comprising </span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-14473-2" continuedAt="f-14473-3"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'administrative expenses and amortizations' and 'other operating costs').  </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Given that our payments platform strategy is now largely established, we are positioning Payments, renamed Payment Solutions, as the Group&#8217;s payments platform business. In this context, from 1 January 2026, the income statement and balance sheet items relating to the Cards business have been reclassified to Retail (previously recorded in Payments), to better align reporting with the management structure in these businesses in 2026.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In addition to the change in the Payments business described above, two minor adjustments have been introduced to the primary segments: i) the Digital Consumer Bank (Consumer) business has been renamed Openbank; and ii) Wealth Management &amp; Insurance has been reorganized into two business lines. These changes do not impact figures at the Group or primary segment levels.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has recast the corresponding information of earlier periods to reflect these changes in the structure of its internal organization.</span></div></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1129"></div><ix:continuation id="f-14473-3" continuedAt="f-14473-4"><div style="margin-bottom:6pt;margin-top:12pt"><span id="i4202235fb51e42a48cd3b55866820599"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Primary segments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This primary level of segmentation, which is based on the Group&#8217;s management structure, comprises <ix:nonFraction unitRef="segment" contextRef="c-1" decimals="INF" name="san:ReportableSegmentsNumber" format="ixt-sec:numwordsen" scale="0" id="f-14474">six</ix:nonFraction> reportable segments: <ix:nonFraction unitRef="operatingareas" contextRef="c-1" decimals="INF" name="san:NumberOfOperatingAreas" format="ixt-sec:numwordsen" scale="0" id="f-14475">five</ix:nonFraction> global businesses plus the Corporate Centre. The operating areas are:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Retail &amp; Commercial Banking (Retail): area that integrates the retail banking and commercial banking business (individuals, SMEs and corporates), except private banking clients and business originated in the consumer finance businesses. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Openbank, formerly Digital Consumer Bank (Consumer): comprises all business originated by consumer finance companies, plus our digital bank (formerly Openbank), Open Digital Services (ODS) and SBNA Consumer. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Corporate &amp; Investment Banking (CIB): this business, which includes Global Transactional Banking, Global Banking (Global Debt Financing and Corporate Finance) and Global Markets, offers products and services on a global scale to corporate and institutional customers, and collaborates with other global businesses to better serve our broad customer base.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Wealth Management &amp; Insurance (Wealth): comprises two business lines: i) Private Banking, which includes the corporate private banking unit and International Private Banking in the US, Switzerland and the UAE; and ii) Insurance &amp; Asset Management Solutions, which brings together the insurance business and liquid and illiquid asset management activities and includes the investment platforms and holdings that complement the traditional Wealth business.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Payment Solutions (Payments): brings together the Group&#8217;s digital payment solutions, providing global technological solutions to Group entities and new customers in the open market. It comprises Getnet, Getnet Platforms and Ebury.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">316</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-299"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14473-4" continuedAt="f-14473-5"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Corporate Centre: includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of the Group's asset and liability committee, as well as management of liquidity and of shareholders' equity via issuances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As Grupo Santander&#8217;s holding entity, this area manages all capital and reserves and allocations of capital and liquidity with the other businesses. It also incorporates goodwill impairments but not the costs related to the Grupo Santander&#8217;s central services (charged to the areas), except for corporate and institutional expenses related to the Grupo Santander&#8217;s functioning.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are no customers located in any of the areas that generate income exceeding 10% of Total income.</span></div></div></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfOperatingSegmentsExplanatory" id="f-14476" continuedAt="f-14476-1" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main masses of the balance sheets of the different segments, summarized, are indicated below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.800%"><tr><td style="width:1.0%"/><td style="width:23.710%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.456%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.943%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.154%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.397%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.372%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.431%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.737%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6132" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-14479">204,210</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6133" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-14480">26,516</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6134" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-14481">977</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6135" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-14482">7,465</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6247" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-14596">87,698</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6248" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-14597">6,662</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6249" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-14598">14,565</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6250" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-14599">94,693</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6251" decimals="-6" name="san:MemorandumItems" format="ixt:fixed-zero" scale="6" id="f-14600">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6252" decimals="-6" name="san:MemorandumItems" format="ixt:fixed-zero" scale="6" id="f-14601">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6253" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-14602">203,618</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Excluding reverse repos.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Excluding repos.</span></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">317</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-300"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-1" continuedAt="f-14476-2"><ix:continuation id="f-14473-5" continuedAt="f-14473-6"><div style="margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The condensed income statements for the primary segments are as follows:</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:29.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14603">26,528</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14604">11,036</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14605">3,824</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14606">1,335</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-14607">167</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-14608">490</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14609">42,401</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14610">6,222</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14611">1,479</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14612">2,552</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14613">1,642</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14614">1,059</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-14615">27</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14616">12,928</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14617">680</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14618">11</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-14619">1,281</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14620">512</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14621">24</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14622">82</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-14623">2,354</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14624">983</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14625">511</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14626">359</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14627">552</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14628">171</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14629">14</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14630">625</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14631">32,447</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14632">13,015</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14633">8,016</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14634">4,042</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14635">1,373</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-14636">585</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14637">58,308</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14638">13,913</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14639">5,680</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14640">3,752</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14641">1,444</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14642">1,203</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-14643">417</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14644">26,410</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14645">18,534</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14646">7,335</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14647">4,264</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14648">2,598</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14649">170</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14650">1,003</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14651">31,898</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-14652">7,150</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-14653">4,457</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14654">278</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14655">20</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14656">24</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14657">198</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-14658">12,128</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-14667">2,566</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-14668">3,949</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-14669">2,564</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-14670">134</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-14671">1,275</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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scale="6" id="f-14684">115</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-14685">1,085</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span 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name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-14703">127</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-14704">50</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-14707">845</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6254" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14708">7,710</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6255" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14709">1,741</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6256" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14710">2,708</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6257" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14711">1,983</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6258" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-14712">96</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14713">1,085</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14714">13,152</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group&#8217;s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-14715">50</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition EUR <ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-14716">50</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div></ix:continuation></ix:continuation><div style="text-indent:10.91pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">318</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-301"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-2" continuedAt="f-14476-3"><ix:continuation id="f-14473-6" continuedAt="f-14473-7"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:29.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14717">27,854</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14718">10,777</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6263" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14719">3,779</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6264" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14720">1,591</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6265" decimals="-6" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-14721">132</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-14722">308</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14723">43,824</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14724">6,022</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14725">1,508</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6263" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14726">2,415</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6264" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14727">1,442</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6265" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-14728">958</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-14729">11</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14730">12,335</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14731">805</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14732">4</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6263" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-14733">1,568</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6264" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14734">256</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6265" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:fixed-zero" scale="6" id="f-14735">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14736">408</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-14737">2,216</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14738">1,617</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14739">596</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14744">391</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14745">33,064</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14746">12,877</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6263" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14747">7,897</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6264" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14748">3,587</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6265" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14749">1,240</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-14750">680</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14751">57,984</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14752">14,704</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14753">5,576</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6263" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14754">3,922</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6264" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14755">1,403</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6265" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14756">1,209</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-14757">540</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14758">27,354</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14759">18,359</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14760">7,302</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6263" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14761">3,975</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6264" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14762">2,183</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6265" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14763">31</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14764">1,220</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14765">30,630</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6261" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-14766">7,064</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6262" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-14767">4,562</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6263" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14768">141</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6264" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14769">42</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6265" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14770">16</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-14771">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-14772">11,822</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander 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style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14827">1,154</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-14828">11,774</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. 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Additionally, includes an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-14829">47</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-14830">47</ix:nonFraction>&#160;million  mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">319</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-302"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-3" continuedAt="f-14476-4"><ix:continuation id="f-14473-7" continuedAt="f-14473-8"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:29.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.532%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14831">25,586</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6269" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14832">10,221</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6270" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14833">3,361</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6271" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14834">1,499</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6272" decimals="-6" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-14835">92</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-14836">41</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-14837">40,718</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14838">6,077</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6269" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14839">1,229</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6270" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14840">2,013</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6271" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14841">1,209</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6272" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-14842">954</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-14843">13</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-14844">11,468</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14845">837</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt 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style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6271" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14848">178</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6272" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14849">10</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-14850">302</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-14851">2,566</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14852">1,707</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6269" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14853">709</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6270" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14854">22</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6271" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14855">197</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6272" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14856">97</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14857">86</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14858">812</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14859">30,792</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6269" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14860">12,274</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6270" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14861">7,100</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6271" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14862">3,082</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6272" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14863">1,134</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-14864">442</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-14865">53,940</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14866">14,757</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6269" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14867">5,526</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6270" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14868">3,381</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6271" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14869">1,266</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6272" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14870">1,111</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-14871">460</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14872">26,501</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14873">16,036</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6269" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14874">6,748</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6270" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14875">3,719</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6271" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14876">1,816</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6272" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14877">23</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-14878">901</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-14879">27,439</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6268" decimals="-6" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group&#8217;s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR <ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" sign="-" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-14943">38</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR <ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" sign="-" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-14944">38</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">320</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-303"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14473-8" continuedAt="f-14473-9"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i1cee3d5ad3ab4eb6bbc46ae24837b6d9"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Secondary segments</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This secondary level includes our main geographical units and the Corporate Centre, as described in the primary segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Detailed financial information is provided on Spain, the UK, Portugal, Openbank Europe (previously referred to as DCB Europe), which includes all consumer business, our digital bank in Europe and ODS, the US, Mexico, Brazil, Chile and Argentina.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Information is also provided for the 'Rest of the Group', the grouping which brings together everything that is not included in the aforementioned geographical units or the Corporate Centre.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are no customers located in a place different from the location of the Group's assets that generate revenues in excess of 10% of ordinary revenues.</span></div><ix:continuation id="f-14476-4" continuedAt="f-14476-5"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main masses of the balance sheets of the different secondary segments, summarized, are indicated below: </span></div></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-14476-5" continuedAt="f-14476-6"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:27.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.757%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander 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contextRef="c-6301" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-14971">40,576</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6302" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-14972">82,359</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6332" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15012">13,963</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6333" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15013">5,934</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6168" decimals="-6" name="san:MemorandumItems" format="ixt:fixed-zero" scale="6" id="f-15014">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6334" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15015">19,225</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6169" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15016">255,389</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="text-indent:6.66pt"><span><br/></span></div><div><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">321</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-304"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-6" continuedAt="f-14476-7"><ix:continuation id="f-14473-9" continuedAt="f-14473-10"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:26.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6348" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-15030">236,496</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6349" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-15031">39,143</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 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1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6355" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15037">43,186</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6356" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15038">85,876</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6357" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15039">108,246</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6358" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15040">61,160</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid 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id="f-15047">93,609</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6366" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15048">7,643</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6367" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15049">4,882</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt 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contextRef="c-6431" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-15125">96,399</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6432" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-15126">42,616</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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format="ixt:num-dot-decimal" scale="6" id="f-15138">43,823</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6441" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-15139">3,878</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6231" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-15140">6,608</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6442" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-15141">25,164</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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unitRef="eur" contextRef="c-6443" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15143">145,044</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6444" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15144">40,098</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15149">90,297</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6448" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15150">29,337</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6449" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15151">6,478</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6245" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15152">1,508</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6450" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15153">16,034</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6246" decimals="-6" name="ifrs-full:FinancialLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-15154">923,884</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6451" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15155">54,747</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6452" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15156">10,761</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6453" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15157">3,810</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6252" decimals="-6" name="san:MemorandumItems" format="ixt:fixed-zero" scale="6" id="f-15158">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6454" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15159">11,636</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6253" decimals="-6" name="san:MemorandumItems" format="ixt:num-dot-decimal" scale="6" id="f-15160">203,618</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Excluding reverse repos.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Excluding repos.</span></div></ix:continuation></ix:continuation><div style="text-indent:6.66pt"><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">322</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-305"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-7" continuedAt="f-14476-8"><ix:continuation id="f-14473-10" continuedAt="f-14473-11"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The condensed income statements are as follow</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"/><td style="width:27.364%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.822%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.822%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.822%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.822%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.822%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.826%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15161">7,305</ix:nonFraction></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15162">5,008</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15163">1,346</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15164">4,685</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15165">5,888</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6460" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15166">4,554</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15167">3,022</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15168">369</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15169">506</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15170">804</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15171">1,328</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6460" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15172">1,454</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15173">841</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15174">100</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15175">70</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15176">39</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15177">547</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15179">720</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15180">245</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15181">33</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15182">474</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15183">165</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6460" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15184">130</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15185">11,887</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15186">5,032</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15187">1,956</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15188">5,925</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15189">7,929</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6460" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15190">6,305</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15191">4,465</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15192">2,937</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15193">544</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15194">2,899</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15195">3,890</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6460" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15196">2,730</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15197">7,423</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15198">2,095</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15199">1,412</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15200">3,026</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15201">4,039</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6460" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15202">3,575</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15203">1,142</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6456" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15204">177</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6457" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15205">8</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6458" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15206">1,363</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15207">2,244</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6460" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15208">1,239</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6455" decimals="-6" sign="-" name="san:OtherNonFinancialGainsLosses" scale="6" id="f-15209">198</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15254">772</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6459" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15255">1,541</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td 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style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:26.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.049%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15266">27</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15267">908</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid 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Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6461" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15269">64</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6462" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15270">230</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15271">229</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15272">82</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15273">296</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15274">2,354</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6461" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15275">93</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6462" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15276">15</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15277">510</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15278">14</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15279">25</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15280">625</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6461" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15281">12,602</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6462" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15282">2,714</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15283">2,235</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-15284">585</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15285">2,309</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15286">58,308</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6462" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15288">919</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15289">978</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15290">417</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15291">1,676</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15292">26,410</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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id="f-15294">1,795</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15295">1,257</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15296">1,003</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15297">634</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15298">31,898</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6461" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15299">4,409</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6462" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15300">531</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15301">574</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15302">198</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15303">260</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15332">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15333">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-15337">434</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15338">1,085</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-15339">300</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15340">13,997</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt 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id="f-15344">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15345">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15346">845</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6461" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15347">2,168</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6462" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15348">729</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6463" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15349">433</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6259" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15350">1,085</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6464" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15351">300</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15352">13,152</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group&#8217;s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">323</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-306"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-8" continuedAt="f-14476-9"><ix:continuation id="f-14473-11" continuedAt="f-14473-12"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15353">50</ix:nonFraction> million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15354">50</ix:nonFraction> million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:26.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6466" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15356">4,950</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6467" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15357">1,548</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6468" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15358">4,361</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6469" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15359">5,693</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6470" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15360">4,631</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6465" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15361">2,867</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6466" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15362">283</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6467" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15363">467</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6468" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15364">902</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6469" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15365">1,152</ix:nonFraction>&#160;</span></td><td 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name="ifrs-full:OtherGainsLosses" scale="6" id="f-15372">396</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6465" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15373">358</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6466" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15374">203</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6467" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15375">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6468" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15376">405</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6469" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15377">365</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6470" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15378">133</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6466" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15380">5,011</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6467" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15381">2,065</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6468" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15382">5,644</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6469" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15383">7,580</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6470" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15384">6,278</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6465" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15385">4,509</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6466" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15386">3,050</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6467" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15387">574</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6468" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15388">2,848</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6469" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15389">3,965</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6470" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15390">2,727</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6465" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15391">7,071</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6466" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15392">1,962</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6467" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15393">1,492</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6468" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15394">2,796</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6469" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15395">3,615</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6470" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15396">3,551</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6465" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15397">1,259</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6466" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15398">64</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-15448">642</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6469" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15449">1,109</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 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style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:26.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.049%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-15455">832</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15456">43,824</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15460">11</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15461">722</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid 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Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6471" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15463">37</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15464">238</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15465">229</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15466">408</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15467">326</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15468">2,216</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6471" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15469">39</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15470">18</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15471">1,263</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15472">47</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15473">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15474">391</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15476">2,592</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15477">2,487</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-15478">680</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15479">1,889</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15480">57,984</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15482">942</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15483">1,337</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15484">540</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15485">1,643</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6471" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15487">8,318</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15488">1,650</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15489">1,150</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15490">1,220</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15491">246</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15492">30,630</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6471" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15493">4,487</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15494">497</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15495">284</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15496">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15497">230</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-15520">1,155</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" sign="-" name="ifrs-full:ProfitLossFromContinuingOperations" scale="6" id="f-15521">285</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-15522">12,524</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15524">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15525">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15526">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15527">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15528">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6471" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15529">2,665</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-15530">899</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-15531">666</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15532">1,155</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" sign="-" name="ifrs-full:ProfitLoss" scale="6" id="f-15533">285</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15534">12,524</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6471" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15535">243</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15536">271</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15537">1</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15538">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15539">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15540">750</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6471" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15541">2,422</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6472" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15542">629</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6473" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15543">665</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6266" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15544">1,154</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6474" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15545">280</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15546">11,774</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">324</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-307"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-9" continuedAt="f-14476-10"><ix:continuation id="f-14473-12" continuedAt="f-14473-13"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group&#8217;s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15547">47</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15548">47</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"/><td style="width:26.686%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.939%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15550">5,152</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15551">1,465</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15552">4,193</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15553">5,742</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15554">4,408</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15555">2,699</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15556">338</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15557">464</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15558">796</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15559">766</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid 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Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15561">688</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15562">29</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15563">33</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15564">117</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15565">294</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15566">211</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15567">190</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15568">162</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15569">17</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15570">375</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15571">406</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15572">94</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15573">9,837</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15574">5,358</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15575">1,944</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15576">5,481</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15577">7,209</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15578">5,899</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15579">4,815</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15580">2,928</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15581">567</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15582">2,751</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15583">3,707</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15585">5,022</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15586">2,430</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15587">1,378</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15588">2,730</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15589">3,502</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15590">3,254</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" 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id="f-15623">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15624">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15625">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15626">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15627">2,371</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15628">1,545</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-15629">898</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15630">1,526</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:ProfitLoss" scale="6" id="f-15631">932</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-15632">1,577</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:fixed-zero" scale="6" id="f-15633">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:fixed-zero" scale="6" id="f-15634">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15635">2</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15636">327</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:fixed-zero" scale="6" id="f-15637">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15638">17</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6475" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15639">2,371</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6476" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15640">1,545</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6477" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15641">896</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6478" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15642">1,199</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6479" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15643">932</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6480" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15644">1,560</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">325</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-308"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14476-10"><ix:continuation id="f-14473-13" continuedAt="f-14473-14"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:26.011%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.049%"/><td style="width:0.1%"/></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6481" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15645">9,116</ix:nonFraction></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15646">1,383</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15647">1,879</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-15648">41</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-15649">780</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid 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style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6481" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15651">3,462</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15652">572</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15653">396</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15654">13</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15655">615</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15656">11,468</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6481" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15657">483</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15658">320</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15659">341</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15660">302</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15661">353</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15662">2,566</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span 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name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15664">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15665">1,071</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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format="ixt:num-dot-decimal" scale="6" id="f-15669">13,104</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15670">2,285</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15671">1,544</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-15672">442</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15673">1,721</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15674">53,940</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6481" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15675">5,430</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15676">953</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15677">831</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" name="san:TotalCostSegmentReporting" scale="6" id="f-15678">460</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15679">1,415</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="san:TotalCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15680">26,501</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6481" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15681">7,674</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15682">1,332</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15683">713</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15684">901</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15685">306</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15686">27,439</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6481" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15687">4,701</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15688">365</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15689">150</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15690">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15691">203</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15692">11,784</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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id="f-15719">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15720">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15721">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:fixed-zero" scale="6" id="f-15722">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-15732">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15733">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15734">791</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6481" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15735">1,921</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6482" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15736">582</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6483" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15737">386</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6273" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15738">998</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6484" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15739">9</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15740">10,402</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group&#8217;s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR <ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" sign="-" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15741">38</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR <ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" sign="-" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15742">38</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">326</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1132"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-309"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14473-14" continuedAt="f-14473-15"><div style="margin-bottom:6pt;padding-right:263.62pt"><span id="ic408f97c36dd4ce4b465f8447579cbef"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Reconciliations of reportable segment results</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfReconciliationOfUnderlyingResultsToStatutoryResultsTableTextBlock" id="f-15743" continuedAt="f-15743-1" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The tables below reconcile the statutory basis results to the underlying results for each of the periods presented as required by IFRS 8. For the purposes of these reconciliations, all material reconciling items are separately identified and described.</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assets and liabilities for management reporting purposes do not differ from the statutory reported figures and therefore are not reconciled.</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:53.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-15746">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15747">42,401</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15748">12,976</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15749">48</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-15750">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15751">12,928</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15752">2,362</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" sign="-" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15753">8</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:fixed-zero" scale="6" id="f-15754">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15755">2,354</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15756">625</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" format="ixt:fixed-zero" scale="6" id="f-15757">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" format="ixt:fixed-zero" scale="6" id="f-15758">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15759">625</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15760">58,311</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-15761">3</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:fixed-zero" scale="6" id="f-15762">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15763">58,308</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:AdministrativeExpensesDepreciationAndAmortisation" format="ixt:num-dot-decimal" scale="6" id="f-15764">24,779</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" sign="-" name="san:AdministrativeExpensesDepreciationAndAmortisation" scale="6" id="f-15765">22</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="san:AdministrativeExpensesDepreciationAndAmortisation" format="ixt:fixed-zero" scale="6" id="f-15766">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:AdministrativeExpensesDepreciationAndAmortisation" format="ixt:num-dot-decimal" scale="6" id="f-15767">24,757</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs<br/></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:OtherOperatingCostSegmentReporting" scale="6" id="f-15768">0</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" name="san:OtherOperatingCostSegmentReporting" scale="6" id="f-15769">0</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="san:OtherOperatingCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15770">1,653</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:OtherOperatingCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15771">1,653</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15772">33,532</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15773">19</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" sign="-" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15774">1,653</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15775">31,898</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15776">12,596</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15777">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15778">467</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15779">12,128</ix:nonFraction>)</span></td><td style="border-top:0.5pt 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-15786">236</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" format="ixt:num-dot-decimal" scale="6" id="f-15804">1,399</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15805">580</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15806">26</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15807">845</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15808">14,101</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6485" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" scale="6" id="f-15809">949</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6486" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:fixed-zero" scale="6" id="f-15810">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" format="ixt:num-dot-decimal" scale="6" id="f-15811">13,152</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group&#8217;s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15812">50</ix:nonFraction>&#160;million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for an addition of EUR <ix:nonFraction unitRef="eur" contextRef="c-6260" decimals="-6" name="san:ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks" scale="6" id="f-15813">50</ix:nonFraction> million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div></ix:nonNumeric></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">327</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-310"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14473-15" continuedAt="f-14473-16"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To better understand the business trends, we reclassified certain items under some headings of the underlying income statement. These reclassifications between the statutory and underlying income statements include:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item. However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded.&#160;&#160;&#160;&#160;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Certain charges recorded in the statutory account under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:ExpenseOfRestructuringActivities" scale="6" id="f-15814">620</ix:nonFraction>&#160;million of restructuring charges and EUR <ix:nonFraction unitRef="eur" contextRef="c-2697" decimals="-6" name="ifrs-full:IncreaseDecreaseInExistingProvisionsOtherProvisions" scale="6" id="f-15815">214</ix:nonFraction>&#160;million of provisions for potential complaints related to motor finance dealer commissions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A capital gain in Q2 2025 of EUR <ix:nonFraction unitRef="eur" contextRef="c-323" decimals="-6" name="san:GainsLossesOnNoncurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" scale="6" id="f-15816">231</ix:nonFraction>&#160;million from the sale of Santander&#8217;s remaining <ix:nonFraction unitRef="number" contextRef="c-322" decimals="3" name="san:ProportionOfOwnershipInterestInAssociateSold" scale="-2" id="f-15817">30.5</ix:nonFraction>% stake in CACEIS was completely offset by a charge of EUR <ix:nonFraction unitRef="eur" contextRef="c-6487" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15818">467</ix:nonFraction>&#160;million in Q2 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-6488" decimals="-6" name="san:LoanLossProvisionsNetOfTaxesAndMinorityInterest" scale="6" id="f-15819">231</ix:nonFraction>&#160;million net of tax and minority interests), which strengthens the balance sheet after having updated macroeconomic parameters in Brazil&#8217;s credit provisioning models in 'Other gains (losses) and provisions'.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">328</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-311"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14473-16" continuedAt="f-14473-17"><ix:continuation id="f-15743-1" continuedAt="f-15743-2"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:53.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15820">43,787</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6489" decimals="-6" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-15821">37</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-6490" xsi:nil="true" name="ifrs-full:InterestRevenueExpense" id="f-15822"></ix:nonFraction></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15823">43,824</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15824">12,376</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6489" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15825">41</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-6490" xsi:nil="true" name="ifrs-full:FeeAndCommissionIncomeExpense" id="f-15826"></ix:nonFraction></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15827">12,335</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15828">2,211</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6489" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15829">5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15832">331</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6489" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15833">60</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-6490" xsi:nil="true" name="san:OtherOperatingIncomeExpenseSegmentReporting" id="f-15834"></ix:nonFraction></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6267" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15835">391</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" 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colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6489" decimals="-6" name="san:OtherOperatingCostSegmentReporting" format="ixt:fixed-zero" scale="6" id="f-15845">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6490" decimals="-6" sign="-" name="san:OtherOperatingCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15846">2,219</ix:nonFraction>)</span></td><td style="border-top:0.5pt 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These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR <ix:nonFraction unitRef="eur" contextRef="c-86" decimals="-6" name="ifrs-full:ExpenseOfRestructuringActivities" scale="6" id="f-15890">835</ix:nonFraction>&#160;million of restructuring charges, EUR <ix:nonFraction unitRef="eur" contextRef="c-6491" decimals="-6" name="ifrs-full:IncreaseDecreaseInExistingProvisionsOtherProvisions" scale="6" id="f-15891">353</ix:nonFraction>&#160;million of provisions for potential complaints related to motor finance dealer commissions and EUR <ix:nonFraction unitRef="eur" contextRef="c-6492" decimals="-6" sign="-" name="ifrs-full:GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" scale="6" id="f-15892">243</ix:nonFraction>&#160;million from charges related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The recognition of provisions to strengthen the balance sheet in Brazil, amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-6493" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15893">352</ix:nonFraction>&#160;million gross in Q2 2024 (EUR <ix:nonFraction unitRef="eur" contextRef="c-6494" decimals="-6" name="san:LoanLossProvisionsNetOfTaxesAndMinorityInterest" scale="6" id="f-15894">174</ix:nonFraction>&#160;million net of tax and non-controlling interests) were compensated with gains on Pluxee in Brazil in 'Other gains (losses) and provisions'.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">329</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-312"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-14473-17"><ix:continuation id="f-15743-2"><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:53.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15895">40,650</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" name="ifrs-full:InterestRevenueExpense" scale="6" id="f-15896">68</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6496" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:fixed-zero" scale="6" id="f-15897">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:InterestRevenueExpense" format="ixt:num-dot-decimal" scale="6" id="f-15898">40,718</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15899">11,495</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" sign="-" name="ifrs-full:FeeAndCommissionIncomeExpense" scale="6" id="f-15900">27</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6496" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:fixed-zero" scale="6" id="f-15901">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:FeeAndCommissionIncomeExpense" format="ixt:num-dot-decimal" scale="6" id="f-15902">11,468</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15903">2,565</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" name="ifrs-full:OtherGainsLosses" scale="6" id="f-15904">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6496" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:fixed-zero" scale="6" id="f-15905">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:OtherGainsLosses" format="ixt:num-dot-decimal" scale="6" id="f-15906">2,566</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15907">759</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15908">53</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6496" decimals="-6" name="san:OtherOperatingIncomeExpenseSegmentReporting" format="ixt:fixed-zero" scale="6" id="f-15909">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" sign="-" name="san:OtherOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15910">812</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15911">53,951</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" sign="-" name="ifrs-full:GrossProfit" scale="6" id="f-15912">11</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6496" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:fixed-zero" scale="6" id="f-15913">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="ifrs-full:GrossProfit" format="ixt:num-dot-decimal" scale="6" id="f-15914">53,940</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" sign="-" name="san:AdministrativeExpensesDepreciationAndAmortisation" scale="6" id="f-15916">69</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6496" decimals="-6" name="san:AdministrativeExpensesDepreciationAndAmortisation" format="ixt:fixed-zero" scale="6" id="f-15917">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="san:AdministrativeExpensesDepreciationAndAmortisation" format="ixt:num-dot-decimal" scale="6" id="f-15918">24,615</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:OtherOperatingCostSegmentReporting" scale="6" id="f-15919">0</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" name="san:OtherOperatingCostSegmentReporting" format="ixt:fixed-zero" scale="6" id="f-15920">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6496" decimals="-6" name="san:OtherOperatingCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15921">1,886</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6274" decimals="-6" name="san:OtherOperatingCostSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15922">1,886</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" format="ixt:num-dot-decimal" scale="6" id="f-15923">29,267</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" name="san:NetOperatingIncomeExpenseSegmentReporting" scale="6" id="f-15924">58</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" format="ixt:num-dot-decimal" scale="6" id="f-15927">12,260</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15928">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-15935">15,005</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6495" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" scale="6" id="f-15936">61</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. 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These reclassifications between the statutory and underlying income statements include: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item. However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> Certain charges recorded in the statutory account under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR <ix:nonFraction unitRef="eur" contextRef="c-87" decimals="-6" name="ifrs-full:ExpenseOfRestructuringActivities" scale="6" id="f-15965">385</ix:nonFraction>&#160;million of restructuring charges. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions to strengthen the balance sheet in Brazil in Q1 2023, totalling EUR <ix:nonFraction unitRef="eur" contextRef="c-6497" decimals="-6" name="san:LoanLossProvisionsNetOfTaxesAndMinorityInterest" scale="6" id="f-15966">235</ix:nonFraction>&#160;million, net of tax and non-controlling interests (EUR <ix:nonFraction unitRef="eur" contextRef="c-6498" decimals="-6" sign="-" name="san:ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet" scale="6" id="f-15967">474</ix:nonFraction>&#160;million recorded in net loan-loss provisions, EUR <ix:nonFraction unitRef="eur" contextRef="c-6498" decimals="-6" sign="-" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-15968">213</ix:nonFraction>&#160;million positive tax impact and EUR <ix:nonFraction unitRef="eur" contextRef="c-6498" decimals="-6" sign="-" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" scale="6" id="f-15969">26</ix:nonFraction>&#160;million in non-controlling interests), were more than offset by gains of EUR <ix:nonFraction unitRef="eur" contextRef="c-6499" decimals="-6" name="ifrs-full:GainsOnDisposalsOfInvestments" scale="6" id="f-15970">270</ix:nonFraction>&#160;million resulting primarily from the divestments of stakes in Brazil and Openbank in 'Other gains (losses) and provisions'.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">330</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1135"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-313"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;padding-right:263.62pt"><span id="i8f18db7699424826b394f3c6c9559648"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">53. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfRelatedPartyExplanatory" id="f-15971" continuedAt="f-15971-1" escape="true">Related parties</ix:nonNumeric></span></div><ix:continuation id="f-15971-1" continuedAt="f-15971-2"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The parties related to the Group are deemed to include, in addition to its associates and joint ventures, the Bank's key management personnel (the members of its board of directors and the senior management, together with their close family members) and the entities over which the key management personnel may exercise significant influence or control. </span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" id="f-15972" continuedAt="f-15972-1" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's senior management, and other related parties. 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id="f-15973">10,491</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-620" decimals="-6" name="san:AssetsRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-15974">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 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#ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-620" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-16054">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">331</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-314"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-15972-1" continuedAt="f-15972-2"><ix:continuation id="f-15971-2" continuedAt="f-15971-3"><div 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name="san:FinanceIncomeRelatedPartyTransactions" scale="6" id="f-16108">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6578" decimals="-6" name="san:FinanceCostRelatedPartyTransactions" scale="6" id="f-16109">153</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6540" decimals="-6" name="san:OtherRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="6" id="f-16125">4,712</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-621" decimals="-6" name="san:OtherRelatedPartyTransactions" scale="6" id="f-16126">4</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-855" decimals="-6" name="san:OtherRelatedPartyTransactions" scale="6" id="f-16127">3</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6541" decimals="-6" name="san:OtherRelatedPartyTransactions" scale="6" id="f-16128">216</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6540" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16129">18</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-621" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16130">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-855" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16131">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6541" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16132">64</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6540" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16133">317</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-621" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16134">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-855" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16135">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6541" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16136">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6540" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="6" id="f-16137">4,377</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-621" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-16138">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-855" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-16139">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6541" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" scale="6" id="f-16140">132</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">332</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-315"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-15971-3"><ix:continuation id="f-15972-2"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:33.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.198%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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format="ixt:fixed-zero" scale="6" id="f-16203">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6623" decimals="-6" name="san:CommissionIncomeRelatedPartyTransactions" scale="6" id="f-16204">3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" 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0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6622" decimals="-6" name="san:CommissionExpenseRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-16207">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6623" decimals="-6" name="san:CommissionExpenseRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-16208">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6580" decimals="-6" name="san:OtherRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="6" id="f-16209">4,189</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6581" decimals="-6" name="san:OtherRelatedPartyTransactions" scale="6" id="f-16210">3</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6582" decimals="-6" name="san:OtherRelatedPartyTransactions" scale="6" id="f-16211">2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6583" decimals="-6" name="san:OtherRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="6" id="f-16212">1,094</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6580" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16213">10</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6581" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16214">2</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6582" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16215">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6583" decimals="-6" name="san:ContingentLiabilitiesAndOthersRelatedPartyTransactions" scale="6" id="f-16216">861</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6580" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16217">274</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6581" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16218">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6582" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16219">1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6583" decimals="-6" name="ifrs-full:OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" scale="6" id="f-16220">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6580" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" format="ixt:num-dot-decimal" scale="6" id="f-16221">3,905</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6581" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-16222">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6582" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" format="ixt:fixed-zero" scale="6" id="f-16223">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6583" decimals="-6" name="san:DerivativeFinancialInstrumentsRelatedPartyTransactions" scale="6" id="f-16224">224</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remaining required information is detailed in notes 5 and 46.c.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">333</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1138"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-316"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i6200e3b17a844d39b2ac108cb84fa88c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">54. <ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfFinancialRiskManagementExplanatory" id="f-16225" continuedAt="f-16225-1" escape="true">Risk management</ix:nonNumeric></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1141"></div><ix:continuation id="f-16225-1" continuedAt="f-16225-2"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i36396c5466634785a71f37cdc8e94645"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Risk principles and culture</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The principles on which Grupo Santander's risk management and control are based are detailed below. They take into account regulatory requirements, best market practices and are mandatory:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">All employees are responsible for risk management</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. They must understand the risks arising from their activities and take ownership for managing them.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Senior management involvement.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> Through conduct, actions and communications, senior management promotes consistent risk management, fosters our risk culture, and oversees that the risk profile remains within the appetite set.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Independence:</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> Risk management and control functions operate independently according to our <ix:nonFraction unitRef="linesofdefense" contextRef="c-1" decimals="INF" name="san:RiskManagementAndControlModelNumberOfLinesOfDefense" format="ixt-sec:numwordsen" scale="0" id="f-16226">three</ix:nonFraction>-lines-of-defence model, with clearly defined roles and responsibilities.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">4.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Holistic, forward-looking approach: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We take a comprehensive approach to risk management and control that extends to all businesses and risk types that could have a material impact. This approach is forward-looking and considers trends across several time horizons and scenarios.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">5.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Corporate oversight of subsidiaries: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander sets minimum risk management and control standards through reference documents. Subsidiaries are responsible for translating these standards into their own internal policies and procedures.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1144"></div><ix:continuation id="f-16225-2" continuedAt="f-16225-3"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6aa0e996fc8a4c11b89643a359af06f1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1. Key risk types</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander's risks categorization allows effective risk management, control and reporting, and includes, among others the following risk types:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Credit risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk of loss arising from the failure of a customer or counterparty to meet its obligations to which the Santander Group has provided financing or entered into a contractual commitment, or from the deterioration of their credit quality.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Market risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk incurred as a result of the effect of changes in market factors interest rates, exchange rates, equities and commodities, among others, may have on profits or capital.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Liquidity risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk incurred because of adverse movements in the factors that determine the market value of financial instruments, such as interest rates, exchange rates, equity prices and commodities, among others.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Structural Risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk of changes in the value or margin generation of the assets or liabilities in the banking book resulting from changes in market and behavioural factors. It also includes risks associated with insurance and pension activities, as well as the risk of not having an adequate amount or quality of capital to meet internal business objectives, regulatory requirements, or market expectations.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Capital risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, included within the scope of structural risk, is the risk that arises from the possibility of having an inadequate quantity or quality of capital to meet internal business objectives, regulatory requirements or market expectations.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-16225-3" continuedAt="f-16225-4"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander also takes into account, on an ongoing basis in its risk management, operational (includes fraud, technological, cyber, legal and conduct risks), financial crime (includes, among others, money laundering, terrorism financing, violation of international sanctions, corruption, bribery and tax evasion), model, reputational and strategic risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These risks may be affected by a range of factors that we identify and assess in line with regulatory requirements and industry practice, including: geopolitical developments (international conflicts, economic and monetary decisions, new regulations or trade tensions); digital and transformation initiatives linked to technological change or shifts in business models; and sustainability factors &#8212; environmental (natural and climate-related, including extreme events and resource scarcity, as well as those arising from the transition to a more sustainable economy), social (relating to people&#8217;s rights, welfare and interests) and governance, both within Grupo Santander and among our counterparties.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In particular, from an environmental and climate perspective, the relevant elements cover, on the one hand, those stemming from the physical effects of climate change and, on the other, those linked to the transition towards a more sustainable economy, including legislative and regulatory, technological or behavioural changes among economic agents.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Given the nature of its operations, the Group has no environment-related liabilities, expenses, assets or contingencies that may be material to its consolidated equity, financial situation and results.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to market consensus and our materiality assessment, exposure in the sectors where environmental factors may have the most impact mainly relate to wholesale customers. Our management of these customers considers environmental aspects in the preliminary assessment, credit origination and the preparation and review of their credit ratings, which influence the parameters we use to calculate their probability of default (PD). Thus, we embed the most material climate factors in our assessments and in capital loss and provisions calculations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Moreover, to cover and anticipate potential future losses from severe climate events, such as the Valencia DANA or Hurricane Milton in Florida, we have set overlays whose amount to date has not been material to the Group's total loan loss reserves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has enhanced its methodological framework to quantify and assess transition and physical risks in credit losses for climate impacts that are not specifically captured through the forward-looking component implemented under the IFRS 9 framework. We assess these risks under several scenarios published by the NGFS, which explore varying assumptions on shifts in climate policies, emissions, temperatures and physical risk impacts. We take a proportionality approach by assessing the impact on the Group&#8217;s core markets and portfolios, especially non-financial entities and mortgage products.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding impact on companies&#8217; credit quality, the model assesses the transmission of customers&#8217; physical and transition climate risk through defined channels (sector GVA, GHG emissions, carbon price, regional GDP, or collateral valuations).</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">334</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-317"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16225-4" continuedAt="f-16225-5"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For mortgage products, climate risk appears mainly through a deterioration in collateral values, as reflected in the loan-to-value ratio, which is the main transmission channel into LGD.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These methodologies enable us to embed potential climate-event impacts on credit losses in credit risk management. Against this backdrop, we carried out both internal capital self-assessment exercises and regulatory stress tests.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In light of the above and based on the best information available at the date of these consolidated annual financial statements, we also assessed the potential additional impact of climate and environmental risks on the Group&#8217;s equity, financial situation and results in 2025. We did not identify any significant or material impacts.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1147"></div><ix:continuation id="f-16225-5" continuedAt="f-16225-6"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifd90ac4ea8ad4ff198eaef3f702f39ad"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">2. Risk and compliance governance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander robust risk and compliance governance structure allows us to conduct effective oversight in line with our risk appetite. It stands on three lines of defence, a structure of committees and strong Group-subsidiary relations, guided by our risk culture, Risk Pro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8e80995fea564f86ba6f14926c5b44d8"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">2.1 Lines of defence</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander model of <ix:nonFraction unitRef="linesofdefense" contextRef="c-1" decimals="INF" name="san:RiskManagementAndControlModelNumberOfLinesOfDefense" format="ixt-sec:numwordsen" scale="0" id="f-16227">three</ix:nonFraction> lines of defence effectively manages and controls risks:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">First line</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: formed business functions, as well as all other functions that generate risk, constitute the first line of defence. They must establish an appropriate environment to manage all risks associated with the business and support compliance with internal policies and regulation. Risk management must operate within the approved risk appetite and associated limits. The first line executes mitigation plans for risks where weaknesses are identified in its control environment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Second line: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">formed by the risk and compliance functions, independently oversees and challenges the risk management activities that the first line carries out. Its role is to help verify that we manage risks in line with the established risk appetite and to promote a strong risk culture across the organization.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Third line:</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> formed by Internal Audit is a permanent function, independent of any other functions or units, whose objective is to provide the Management Body and the senior management with independent assurance on the quality and effectiveness of internal control, risk management (current or emerging) and governance processes and systems, thereby helping to protect the company&#8217;s value, solvency, and reputation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Risk, Compliance and Internal Audit are sufficiently separate and autonomous functions, with direct access to the board and its committees. The risk and compliance functions report to the risk supervision, regulation and compliance committee and the internal audit function reports to the audit committee.</span></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-16225-6" continuedAt="f-16225-7"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="i027908e8446c4136afd687a36b6895b2"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">2.2 Risk committee structure</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> board of directors </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">has final oversight of risk and compliance management and control to promote a sound risk culture and review and approve risk appetite and frameworks, with support from its risk, regulation and compliance committee (RSRCC) and its executive committee. The Group's risk governance keeps risk control and risk-taking areas separate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our governance structure also includes key roles and executive committees that strengthen oversight and support the effective performance of the control function.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Group chief risk officer (CRO)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, who </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">leads the application and execution of </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">risk strategy and promotes proper risk culture, is in charge of overseeing all risks and challenging and advising business lines on risk management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Group chief compliance officer (CCO)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">leads the application and execution of</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> the compliance and conduct risk strategy and reports the status of risks being monitored in order to provide the Chief Risk Officer with a comprehensive view of all risks. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CRO and the CCO report directly to both the risk supervision, regulation and compliance committee and the board of directors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The executive risk, risk control and compliance and conduct committees are executive committees with powers delegated from the board.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore, the executive-level committees delegate part of their responsibilities to forums and/or standing meetings to manage and control each risk type.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Their responsibilities include: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inform the CRO, the CCO, the risk control committee and the compliance and conduct committee if risks are being managed within risk appetite;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Conduct regular follow-ups for each key risk type; and</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Overseeing the measures adopted to meet supervisor's and auditor's expectations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Besides, Grupo Santander, in order to establish an adequate control environment for the management of each risk types, the risk and compliance functions have effective internal regulation to create the right environment to manage and control all risks.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander may introduce additional governance measures for special situations to reinforce the monitoring of all risks, with particular focus on trends in key macroeconomic indicators and liquidity, the identification of vulnerable sectors/customers, and the strengthening of cybersecurity, among other aspects. Activating these special-situations forums helps the Group address the effects of the geopolitical and macroeconomic environment with resilience.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">335</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-318"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16225-7" continuedAt="f-16225-8"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1a9f6f6c616b4d0bb3c93691f8120cb3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">2.3 The Group's relationship with subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander subsidiaries&#8217; risk and compliance management and control model is consistent with the frameworks approved by the Group board of directors. Subsidiaries adhere to the frameworks through their own boards and can only adapt to higher standards according to local law and regulation.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As part of Santander's aggregated risk oversight, we challenge and review subsidiaries&#8217; internal regulations and activities. This enables us to maintain a common risk management and control model across the Group.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The risk and compliance functions support the businesses and oversee risks at both global and local levels. In addition, over the year we continued to strengthen the Group&#8211;subsidiary relationship model, leveraging our global scale to identify synergies under a common operating model and shared platforms. The model promotes process simplification and the reinforcement of control mechanisms to support the growth of our businesses.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander's Group&#8211;subsidiary governance model (GSGM) sets out the principles that govern the relationship between Group key roles and the subsidiaries, which helps safeguard the independence of local second lines. The CRO and CCO take part in the appointment, objectives, performance reviews and remuneration of their local counterparts, which helps confirm that they are controlling risks appropriately.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We continue to strengthen the relationship between the Group and its subsidiaries through close cooperation among our subsidiaries to develop common initiatives more efficiently, such as:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Transformation of organizational structures, sharing benchmarks across countries and contributing to the function&#8217;s strategic vision to promote the rollout of more advanced risk-management infrastructures and practices.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Exchange of best practices to strengthen processes and drive innovation. </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Promotion of internal talent and mobility, both geographic and functional, as well as fostering diversity within teams to reflect the diversity of the environments in which we operate.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Developing our risk professionals, improving innovation, the quality of decisions, and fostering a global mindset is key to enhance organizational resilience and reinforcing a global mindset.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The GSGM model also applies to the Group&#8217;s global businesses. This gives us a global-local organization in which countries ultimately remain responsible for delivering the budget, the business and customer strategy, and financial management, while the global businesses lead shared initiatives through common operating models and shared technologies, improving local performance.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1150"></div><ix:continuation id="f-16225-8" continuedAt="f-16225-9"><div style="margin-bottom:3pt;margin-top:9pt"><span id="iac199c2b64994ce38dc612b3e57cfab5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">3. Management processes and tools</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has these effective risk management processes and tools:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="icd4c3d35dae349b688a271f8c8bd3668"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.1 Risk appetite and structure of limits</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Risk appetite is the aggregate level and types of risk that Grupo Santander deems prudent for our business strategy, even in unforeseen circumstances. Risk appetite is governed throughout the Group by the following principles:</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-16225-9" continuedAt="f-16225-10"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Risk appetite is part of the board's duties</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. The board prepares the risk appetite statement (RAS) for the whole Group every year. Through a cascading-down process, each subsidiary's board also sets its own risk appetite.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Comprehensiveness and forward-looking approach</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. Our appetite includes all material risks to which we are exposed and defines our target risk profile for the current and medium term, with a forward-looking view that considers stress scenarios. </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Common standards embedded in the day-to-day risk management</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. The Group shares the same risk appetite model, which sets common requirements for processes, metrics, governance bodies, controls and standards. This facilitates effective and traceable embedding of risk appetite into more granular management policies and limits across our subsidiaries..</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Continuous monitoring and adaptation</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. Risk appetite is regularly monitored, reviewed and updated to reflect changes in market conditions, regulatory requirements and supervisory expectations. Compliance with risk appetite limits is monitored on a regular basis through dedicated reporting to senior management and the board and its committees. Breaches or potential breaches are subject to predefined escalation, remediation and follow-up processes, with oversight proportionate to their materiality through senior management and the Group&#8217;s governing bodies.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Alignment with strategy and business plans</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. Before approving the three-year strategic plans, annual budget, and capital and liquidity plans, the Group verifies their consistency with the limits set in the Risk Appetite Statement. We promote the alignment of strategic and business plans with our risk appetite by:</span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">considering the risk appetite, long-term strategic view and the risk culture when drafting strategic and business plans. </span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">challenging business and strategic plans against the risk appetite. Misalignments trigger a review of either the three-year strategic plan (to make sure we stay within RAS limits) or risk appetite limits, with independent governance. </span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">continuous monitoring of risk appetite compliance through the three lines of defence model.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main elements underpinning Grupo Santander&#8217;s risk appetite and defining our business model are:  </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">a medium-low, predictable target risk profile, customer focus, internationally diversified operations and a </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">significant</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> market share;</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">stable, recurrent earnings and shareholder remuneration, sustained by a sound base of capital, liquidity and sources of funding;</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">autonomous subsidiaries that are self-sufficient in terms of capital and liquidity to safeguard their risk profiles against compromising the Group&#8217;s profile;</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">an independent risk function and a senior management actively engaged in supporting a robust control environment and risk culture; and </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">a conduct model that protects our customers and our Simple, Personal and Fair culture. </span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">336</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-319"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16225-10" continuedAt="f-16225-11"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The risk appetite is expressed through qualitative statements and limits on metrics representative of the bank&#8217;s risk profile at present and under stress. Those metrics cover all risk types according to our corporate risk framework. Grupo Santander articulates them in five axes that provide the Bank with a holistic view of all risks it incurs in the development of its business model. These five axes are applicable to all Santander's key risk types, and comprise:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">P&amp;L volatility: control of P&amp;L volatility of business plan under baseline and stressed conditions (under normal and stressed conditions).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Solvency: control of capital ratios under baseline and stressed scenarios (aligned with ICAAP).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Liquidity: control of liquidity ratios under base and stress scenarios (aligned with ILAAP).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Concentration: control of credit concentration on top clients, portfolios and industries.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non financial risk and control environment: robust control on non financial risks aimed to minimize events which could lead to financial loss, operative, technological, legal and regulatory breaches, conduct issues or reputational damage.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1153"></div><ix:continuation id="f-16225-11" continuedAt="f-16225-12"><div style="margin-bottom:6pt;margin-top:9pt"><span id="id766f938a14f4270b9068f26db32501a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Credit risk</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1156"></div><ix:continuation id="f-16225-12" continuedAt="f-16225-13"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4fdb90cfbf3f443c98ea211c1c932050"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1. Introduction to the credit risk treatment</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander takes a holistic view of the credit risk cycle, including the transaction, the customer and the portfolio, in order to identify, analyse, control and decide on credit risk. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk identification facilitates active and effective portfolio management and control. Grupo Santander identify and classify external and internal risk in each business to adopt any corrective or mitigating measures through:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iaa71911e3bec4f028d6a22af53387191"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">1.1. Planning</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Planning allows to set business objectives and define concrete action plans, integrating the risk appetite statement into portfolio management.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Strategic commercial plans (SCPs) are the management and control tool that the Business and Risk areas define for credit portfolios, with support from the other functions involved (Finance, Management Control, among others). They set out the commercial strategy, risk policies, and the resources and infrastructure required, providing a holistic view of portfolio management. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">They also provide an up-to-date view of portfolio credit quality, enable risk measurement, support the execution of internal controls over the defined strategy, allow for periodic monitoring, and help detect material deviations or potential impacts, facilitating the adoption of corrective measures when necessary. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">SCPs are aligned with subsidiaries&#8217; risk appetite and capital objectives, as well as those of the Group, and are approved and overseen by local senior management before being reviewed and ratified at Group level. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iffbad9af171b488abb49a4e3ba8500bd"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.2. Risk assessment and credit rating</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk approval criteria focus on borrowers&#8217; ability to meet their financial obligations. The assessment uses statistical models and an analysis of the net funds or cash flows generated by economic activity, or of regular income, to determine customers&#8217; repayment capacity in a consistent and sustainable manner.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-16225-13" continuedAt="f-16225-14"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Some statistical credit quality assessment models feed into decision engines to deliver a credit risk assessment quickly and in a consistent, standardised way. These engines support faster and more uniform decision-making, reduce manual errors, apply the same assessment criteria to all customers, and provide traceability and support regulatory compliance. These ratings have multiple uses in risk management, including the origination process (application of limits and pre-approvals), risk monitoring, and as an input to transaction pricing.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These credit rating models may be: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Rating: from mathematical algorithms that have a quantitative model based on balance sheet ratios or macroeconomic variables or behavioural information, and a qualitative module supplemented by the credit analyst&#8217;s expert judgement. It is used for large corporates, corporates, institutional and SME segments (with individualised treatment).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Scoring: an automated system that assesses credit applications based on the information provided (admission scoring) or customers&#8217; credit profiles based on their relationship with the institution (behavioural scoring). Both are complemented by other available information (for example, from external databases). The system automatically assigns each customer an individual score, which then supports the subsequent decision. It is used for individuals and small businesses with no assigned analyst.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group&#8217;s parameter estimation models rely on econometric models built on historical default and loss data from the portfolios. The Group uses them to calculate economic and regulatory capital, and IFRS 9 provisions, at operation, customer and portfolio level.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A rigorous governance framework covers the ongoing monitoring and continuous calibration of these models to assess their suitability, predictive power, performance and granularity, as well as compliance with credit policies.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group reviews ratings using the latest available financial information and other relevant data.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander&#180;s limits, pre-classifications and pre-approvals processes determine the level of risk the Group can take on with each customer. Automated processes approve and monitor these decisions. Approved limits must align with expected profitability. To support this, we use profitability estimation and risk-based pricing tools that contribute to sustainable portfolio growth.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies various limits models to each segment: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Large corporate groups are subject to a pre-classification model based on a system for measuring and monitoring economic capital. Pre-classification models express the level of risk Grupo Santander is willing to assume in transactions with customers/groups.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the corporate segment, for customers that meet certain predefined criteria (including internal rating and profitability), the Group applies a pre-classification model for the main products related to the customer&#8217;s recurring business. The model operates through the setting of internal nominal limits, which define the level of risk to take on with each customer based, among other factors, on their repayment capacity and leverage.</span></div><div style="margin-bottom:6pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Corporate transactions that exceed certain limits or have specific features must be handled through the approval process for an ad hoc proposal.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">337</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-320"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-14" continuedAt="f-16225-15"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">For individual customers and SMEs with low turnover, Grupo Santander manages large volumes of credit transactions using automated decision models that assess each case and assign a limit per customer and transaction.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i98b2a4da58cd469cbc04c81f14d69c87"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.3. Scenario analysis</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander&#180;s scenario analyses determine the potential risks in its credit portfolios and provide a better understanding of our portfolios' performance under various macroeconomic conditions. They allow us to anticipate management strategies that will avoid future deviations from defined plans and targets. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">They simulate the impact of alternative scenarios in portfolios&#8217; credit parameters (PD, LGD) and expected credit losses. Grupo Santander compares findings with portfolios&#8217; credit profile indicators to find the right measures for managers to take. Credit risk management of portfolios and SCPs incorporate scenario analyses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id82425119f31462ebca2bf35d156a3e7"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.4. Monitoring</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regular, holistic monitoring of customers and portfolios is an essential element of the Group&#8217;s credit risk management, as it enables continuous monitoring of credit quality, early identification of potential impairment and analysis of business performance against predefined plans and objectives. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The monitoring process systematically analyses changes in credit exposures, customers&#8217; financial and qualitative characteristics, and any relevant changes in their risk classification. This preventive approach draws on transactional information, behavioural indicators and advanced analytics tools, including early-warning engines, which support early identification of potential deterioration and the implementation of specific actions at both customer and portfolio level, based on the assigned monitoring level. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Monitoring adapts to customer segmentation and the applicable management approach:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">in the large corporate segment, monitoring is carried out jointly by the commercial managers and the risk analysts, which provides an up-to-date, comprehensive view of the customer&#8217;s credit quality at all times and supports the early identification of any potential deterioration.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the commercial banking, institutions and SMEs with an assigned a credit analyst, he teams carry out enhanced monitoring of customers whose risk profile or specific circumstances require it. This includes the periodic review of their internal ratings based on relevant financial, behavioural and environmental indicators.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Monitoring of individual customers, businesses and smaller SMEs follows a system of automatic alerts to detect shifts in portfolios&#8217; performance.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group structures this process for customers with an assigned analyst through the SCAN (Santander Customer Assessment Note) monitoring framework. SCAN assigns a specific monitoring level to each customer, sets the related operating policies, defines concrete management actions, identifies accountable owners and establishes a review frequency aligned with the customer&#8217;s risk profile and relevance.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group has aggregated control and analysis procedures that track portfolio performance, identify material deviations from strategic plans or defined alert thresholds, and help prioritise management focus areas. The process is complemented by contingency plans (risk playbooks), which support the early identification and management of impacts from external factors &#8212; such as macroeconomic, sector or market changes &#8212; and, where appropriate, trigger corrective measures, including adjustments to risk policies.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i113084d14689436889f8b001443c9f7c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">1.5.&#160;Credit risk mitigation techniques</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Risk approval criteria generally focus on borrowers&#8217; ability to meet their financial obligations, without prejudice to any collateral that the Bank may require. Collateral and guarantees provided by the obligor in favour of the Bank aim to modulate the level of exposure.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To determine ability to pay, the Group analyses funds or cash flows from businesses or other regular income, not including guarantors or loan collateral which are always considered at credit approval as a secondary means of recourse.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A guarantee is an additional protection mechanism in a credit transaction, intended to mitigate loss in the event of a failure to meet the payment obligation. The Group applies different credit risk mitigation techniques depending, among other factors, on the customer and product type. Some are specific to an individual transaction (e.g., real estate guarantees), while others apply to a set of transactions (e.g., derivatives netting or collateral arrangements). These techniques may be grouped into personal guarantees, real guarantees and hedges using credit derivatives.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The correct acceptance of these mitigation techniques is established by verifying their legal enforceability in all jurisdictions. The entire process is subject to internal control and effective monitoring of the valuation of the guarantees, especially real estate guarantees.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i948ee16805434bda86d8d70395f5057c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.6.&#160;Collections &amp; recoveries management</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Recovery activity is a relevant function within Grupo Santander&#8217;s risk management and control framework, as it contributes to portfolio quality as one of the key pillars supporting the Bank&#8217;s development, growth and business sustainability. Collections and debt recovery management is a specific, ongoing focus to keep portfolio quality within the expected levels.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Collections and Recoveries area defines a global management strategy, based on an end-to-end approach and general lines of action for subsidiaries. Recovery management operates under policies and an independent control environment defined by the risk function, aligned with regulatory requirements and with the Group Santander conduct risk management model. The Group carries out this activity in line with strategies defined by the recovery function, in coordination with the Risk areas. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The recovery strategy combines advanced customer segmentation and the intensive use of digital tools. This supports the optimisation of mass portfolio management and provides tailored support for customers who require individual treatment. The customer remains the focus, and recovery strategies are defined in the context of the relationship with the customer, prioritising the customer&#8217;s viability. As a result, teams manage the customer holistically across all phases of the cycle.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">338</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-321"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16225-15" continuedAt="f-16225-16"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The function&#8217;s approach covers the entire credit cycle, prioritising solutions that support customer viability. Even after the asset is written off (failed risk), the Group continues to carry out the necessary actions to maximise recovery. The failed risk category includes debt instruments, whether past due or not, for which, following an individual assessment, recovery is considered remote due to a significant and irreversible deterioration in the solvency of the exposure or the holder. Classification in this category entails the full or partial cancellation of the exposure&#8217;s gross carrying amount and its derecognition from the balance sheet, without implying that the Group stops negotiations and legal proceedings to recover the amount. </span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1159"></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><ix:continuation id="f-16225-16" continuedAt="f-16225-17"><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i284cd3ed0ae54e2589274ec993d73c15_15110"></span><span id="i0d5e3a72bdc34bc19426843ac2a135f2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">2. Main aggregates and variations </span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfCreditRiskExposureExplanatory" id="f-16228" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below are the main aggregates relating to credit risk from our activities with customers:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.649%"/><td style="width:0.1%"/></tr><tr><td colspan="36" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Main credit risk performance metrics from activity with customers</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk with customers <br/>(EUR million)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit impaired</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(EUR million)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(%)</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6624" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16229">305,156</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6625" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16230">288,162</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6626" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16231">280,629</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6627" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16232">5,915</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6628" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16233">7,677</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6629" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16234">8,531</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6630" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16235">1.94</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6631" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16236">2.66</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6632" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16237">3.04</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6633" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16238">244,303</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6634" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16239">248,061</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6635" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16240">247,360</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6636" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16241">2,645</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6637" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16242">3,299</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6638" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16243">3,518</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6639" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16244">1.08</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6640" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16245">1.33</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6641" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16246">1.42</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6642" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16247">47,760</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6643" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16248">44,573</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6644" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16249">42,455</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6645" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16250">948</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6646" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16251">1,014</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6647" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16252">1,024</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6648" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16253">1.99</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6649" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16254">2.27</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6650" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16255">2.41</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6651" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16256">144,039</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6652" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16257">141,312</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6653" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16258">135,608</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6654" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16259">3,642</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6655" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16260">3,527</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6656" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16261">2,877</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6657" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16262">2.53</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6658" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16263">2.50</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6659" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16264">2.12</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6660" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16265">148,488</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6661" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16266">149,907</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6662" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16267">137,894</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6663" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16268">7,150</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6664" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16269">7,012</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6665" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16270">6,303</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6666" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16271">4.82</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6667" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16272">4.68</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6668" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16273">4.57</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6669" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16274">53,476</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6670" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16275">49,927</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6671" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16276">52,785</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6672" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16277">1,420</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6673" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16278">1,352</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6674" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16279">1,489</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6675" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16280">2.65</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6676" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16281">2.71</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6677" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16282">2.82</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6678" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16283">118,546</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6679" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16284">116,247</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6680" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16285">126,722</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6681" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16286">8,010</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6682" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16287">7,090</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6683" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16288">7,923</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6684" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16289">6.76</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6685" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16290">6.10</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6686" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16291">6.25</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6687" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16292">44,146</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6688" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16293">44,590</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6689" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16294">46,565</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6690" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16295">2,528</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6691" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16296">2,394</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6692" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16297">2,332</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6693" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16298">5.73</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6694" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16299">5.37</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6695" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16300">5.01</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6696" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16301">8,813</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6697" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16302">8,411</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6698" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16303">3,903</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6699" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16304">677</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6700" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16305">173</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6701" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16306">78</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6702" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16307">7.68</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6703" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16308">2.06</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6704" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16309">1.99</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6705" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16310">9,340</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6706" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16311">9,256</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6707" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16312">8,206</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6708" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16313">327</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6709" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16314">360</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6710" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16315">302</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6711" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16316">3.50</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6712" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16317">3.89</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6713" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16318">3.67</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6714" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16319">1,159,180</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6715" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16320">1,134,418</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6716" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16321">1,115,288</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6717" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16322">33,739</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6718" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16323">34,383</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6719" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16324">34,671</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6720" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16325">2.91</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6721" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16326">3.03</ix:nonFraction></span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6722" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16327">3.11</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr></table></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"/><td style="width:18.632%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.653%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.662%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL coverage&#160;ratio </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(%) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><br/>(EUR million)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost&#160;of&#160;risk <br/>(%/risk)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6630" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16328">55</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6631" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16329">53</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6632" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16330">49</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6630" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16331">1,142</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6631" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16332">1,259</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6632" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16333">1,522</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6630" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16334">0.43</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6631" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16335">0.50</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6632" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16336">0.61</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6639" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16337">33</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6640" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16338">29</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6641" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16339">30</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6639" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16340">177</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6640" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16341">64</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6641" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16342">247</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6639" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16343">0.07</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6640" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16344">0.03</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6641" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16345">0.10</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6648" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16346">81</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6649" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16347">78</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6650" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16348">83</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6648" decimals="-6" sign="-" name="san:NetLoanLossProvision" scale="6" id="f-16349">8</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6649" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16350">11</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6650" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16351">77</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6648" decimals="4" sign="-" name="san:CostOfRiskPercent" scale="-2" id="f-16352">0.02</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6649" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16353">0.03</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6650" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16354">0.19</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6657" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16355">87</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6658" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16356">83</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6659" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16357">88</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6657" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16358">1,363</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6658" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16359">1,209</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6659" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16360">792</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6657" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16361">0.97</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6658" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16362">0.88</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6659" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16363">0.62</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6666" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16364">55</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6667" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16365">64</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6668" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16366">68</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6666" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16367">2,244</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6667" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16368">2,507</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6668" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16369">2,593</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6666" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16370">1.62</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6667" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16371">1.82</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6668" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16372">1.92</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6675" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16373">105</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6676" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16374">100</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6677" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16375">100</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6675" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16376">1,239</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6676" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16377">1,277</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6677" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16378">1,135</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6675" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16379">2.69</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6676" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16380">2.64</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6677" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16381">2.43</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6684" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16382">81</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6685" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16383">79</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6686" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16384">83</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6684" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16385">4,409</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6685" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16386">4,487</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6686" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16387">4,701</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6684" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16388">4.17</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6685" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16389">4.03</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6686" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16390">4.27</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6693" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16391">48</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6694" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16392">50</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6695" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16393">53</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6693" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16394">531</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6694" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16395">497</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6695" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16396">365</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6693" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16397">1.32</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6694" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16398">1.19</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6695" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16399">0.80</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6702" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16400">90</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6703" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16401">177</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6704" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16402">166</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6702" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16403">574</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6703" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16404">284</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6704" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16405">150</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6702" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16406">7.34</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6703" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16407">4.59</ix:nonFraction></span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6704" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16408">6.64</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6711" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16409">24</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6712" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16410">25</ix:nonFraction></span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6713" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16411">34</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6711" decimals="-6" name="san:NetLoanLossProvision" scale="6" id="f-16412">198</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6712" decimals="-6" sign="-" name="san:NetLoanLossProvision" scale="6" id="f-16413">3</ix:nonFraction>)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6713" decimals="-6" sign="-" name="san:NetLoanLossProvision" scale="6" id="f-16414">2</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6711" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16415">2.79</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6712" decimals="4" sign="-" name="san:CostOfRiskPercent" scale="-2" id="f-16416">0.05</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6713" decimals="4" sign="-" name="san:CostOfRiskPercent" scale="-2" id="f-16417">0.04</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6720" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16418">66</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6721" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16419">64</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6722" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16420">66</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6720" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16421">12,128</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6721" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16422">11,822</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6722" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-16423">11,784</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6720" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16424">1.14</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6721" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16425">1.12</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6722" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16426">1.13</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Data for 2025, 2024 and 2023 reflect the new reporting structure. Management perimeter according to the reported segments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Includes gross loans and advances to customers, guarantees. impaired undrawn customer balances and debt securities issued by non-financial institutions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Loan-loss provisions net of post write-off recoveries (EUR <ix:nonFraction unitRef="eur" contextRef="c-1" decimals="-6" name="ifrs-full:RecoveriesOnLoansPreviouslyWrittenOff" format="ixt:num-dot-decimal" scale="6" id="f-16427">1,791</ix:nonFraction>&#160;million in 2025).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. Provisions to cover losses due to impairment of loans in the last 12 months / average customer loans and advances of the last 12 months.</span></div></ix:nonNumeric></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">339</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-322"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-17" continuedAt="f-16225-18"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="ide68f831fdee49e3a7eab1e410904c37"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The calculation of provisions for credit risk losses is performed at financial asset level, estimating potential credit losses through the difference between the contractual cash flows and the expected cash flows, ensuring that the results are adequate considering the status of the transaction, economic conditions and available forward-looking information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The IFRS 9 impairment model applies to financial assets valued at amortized cost; debt instruments valued at fair value with changes in other comprehensive income; leasing receivables; and commitments and guarantees not valued at fair value. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The portfolio of financial instruments subject to IFRS 9 has <ix:nonFraction unitRef="stage" contextRef="c-6723" decimals="INF" name="san:NumberOfCreditRiskCategories" format="ixt-sec:numwordsen" scale="0" id="f-16428">three</ix:nonFraction> credit risk categories (or stages) according to the status of each instrument in relation to its level of credit risk:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stage 1: financial instruments with no significant increase in risk since initial recognition &#8211; the impairment provision reflects expected credit losses from defaults over the 12 months from the reporting date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stage 2: financial instruments with a significant credit risk increase since initial recognition but no materialized impairment event &#8211; the impairment provision reflects expected losses from defaults over the financial instrument&#8217;s residual life.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stage 3: financial instruments with true signs of impairment as a result of one or more events resulting in a loss &#8211; the impairment provision reflects expected losses for credit risk over the instrument&#8217;s expected residual life.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The classification of financial instrument in the IFRS 9 stages is carried out in accordance with the guidelines through the risk management policies of the subsidiaries, which are consistent with the Group's policies.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i284cd3ed0ae54e2589274ec993d73c15_15027"></span><span id="i014605f5baa74f9f92a301850479cca7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Estimation of expected loss</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group uses parameters (mainly EAD, PD, LGD and the discount rate) to calculate impairment provisions. These parameters build on the infrastructure of internal models used to calculate regulatory capital and on regulatory and management expertise, and they also reflect each financial asset&#8217;s stage classification.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, these parameters are not a simple adaptation of existing models. We designed and validated them specifically in line with IFRS 9 requirements and guidance from bodies such as the EBA, , National Competent Authority (NCA), Bank for International Settlements (BIS) or Global Public Policy Committee (GPPC). Their development incorporates forward-looking information, a point-in-time (PIT) approach, multiple scenarios and lifetime loss estimation through lifetime PD, among other elements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ide68c6fd0f4644508a90fc733f6dc5a9"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Determination of significant increase in credit risk (SICR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To determine classification in Stage 2, the Group assesses whether a SICR has occurred since the initial recognition of the exposures. The Group performs this assessment under common principles applicable across the Group, reviewing all financial instruments subject to this analysis and taking into account the specific features of each portfolio and product type through a range of quantitative and qualitative indicators.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Expert judgement from analysts supports the SICR assessment. Analysts set the thresholds within an integrated management framework and in line with the approved corporate governance. The principles are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Universality: all financial instruments subject to a credit rating must be assessed for their possible SICR.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Proportionality: the definition of the SICR must take into account the particularities of each portfolio.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Materiality: its implementation must be also consistent with the relevance of each portfolio so as not to incur in unnecessary costs or efforts.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Holistic vision: the approach selected must be a combination of the most relevant credit risk aspects (e.g. quantitative and qualitative).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Application of IFRS 9: the approach must take into consideration IFRS 9 characteristics, focusing on a comparison with credit risk at initial recognition, as well as considering forward-looking information.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Risk management integration: the criteria must be consistent with those metrics considered in the day-to-day risk management.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Documentation: appropriate documentation must be prepared.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The techniques are summarised below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stability of stage 2: in the absence of significant changes in the portfolios credit quality, the volume of assets in stage 2 should maintain a certain stability as a whole.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Economic reasonableness: at transaction level, stage 2 is expected to be a transitional rating for exposures that could eventually move to a deteriorating credit status at some point or stage 3, as well as for exposures that have suffered credit deterioration and whose credit quality is improving and returns to stage 1.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Predictive power: it is expected that the SICR definition avoids, as far as possible, direct migrations from stage 1 to stage 3 without having been previously classified in stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Time in stage 2: it is expected that the exposures do not remain categorized as stage 2 for an excessive time.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The application of the aforementioned techniques, conclude in the setting of one or several thresholds for each portfolio in each geography. Likewise, these thresholds are subject to a regular review by means of calibration tests, which may entail updating the thresholds types or their values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Identifying a significant increase in credit risk: when classifying financial instruments under stage 2, Santander considers:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Quantitative criteria: Grupo Santander reviews and quantifies changes in the risk of default during their expected life based on their credit risk level on initial recognition.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">340</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-323"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-18" continuedAt="f-16225-19"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of assessing significant changes when financial instruments are classified in Stage 2, each subsidiary has set quantitative thresholds for its portfolios in line with Group guidelines, seeking a consistent interpretation across all our geographies. The calibration principles for these thresholds are set out in the previous paragraph and may result in two types of thresholds:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Relative. Thresholds that compare current credit quality with credit quality at origination, expressed as a percentage change.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Absolute. Thresholds that compare current credit quality with credit quality at origination, expressed as an absolute change.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in line with the ECB&#8217;s supervisory expectations, the Group has set a 200% cap on the relative threshold, known as the 'threefold increase'. As a result, exposures whose credit quality has deteriorated by more than 200% in relative terms &#8212;using an approach analogous to the relative threshold described in the previous paragraph &#8212; transfer from Stage 1 to Stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Meeting any of the absolute thresholds, the relative thresholds or the 200% cap on the relative threshold (threefold increase) on an individual basis results in the transfer of the financial instrument exposure from Stage 1 to Stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group may apply the Low Credit Risk Exemption at the reporting date, so that certain exposures that continue to meet this condition may remain in Stage 1. This exemption applies only to quantitative significant increase in credit risk criteria; therefore, qualitative criteria are not eligible for exemption. The Group uses it on a limited basis, documents it and reviews it periodically. When an exposure no longer meets the low credit risk condition, it transfers to Stage 2 in line with the criteria above.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Qualitative criteria: several indicators aligned with ordinary credit risk management indicators (e.g. past due for over 30 days, forbearance, early warning indicators system, etc.). Each subsidiary has defined these indicators for their portfolios, with special attention to reinforcing these qualitative criteria through expert judgment and aligning them to the criteria used in management.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the presumption of a significant deterioration of credit risk is removed, due to a sufficient improvement of the credit quality, the obligor can be re-classified to stage 1, without any probationary period in stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Definition of default: Santander incorporated the new definition to provisions calculation according to the EBA&#8217;s guidelines; the Group is also considering applying it to prudential framework. In addition, the default definition and stage 3 have been aligned.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This definition considers the following criteria to classify exposures as stage 3: financial instruments with one or more payments more than 90 consecutive days past due, representing at least 1% of the client's total exposure or the identification of other criteria demonstrating, even in the absence of defaults, that it is unlikely that the counterparty is unlikely to meet all of its financial obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies the default criteria to all exposures of the impaired client. Where an obligor belongs to a group, the default criteria may also be applied to all exposures of the group.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The default classification is maintained during the 3-month test period following the disappearance of all default indicators described above, and this period is extended to one year for forbearances that have been classified as default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Expected life of financial instruments: Santander estimates the expected life of financial instruments according to their contractual terms (e.g. prepayments, duration, purchase options, etc.). </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The contractual period (including extension options) is the maximum time frame for measuring the expected credit loss. If financial instruments have an undefined maturity period and undrawn amounts (e.g. credit cards), Santander estimates its expected life based on the total exposure period and effective management practices to mitigate exposure. </span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.44pt">Forward-looking vision</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Estimating expected credit losses (ECL)requires significant expert judgement and the incorporation of historical, current and forward-looking information. Expected loss estimates are therefore based on an unbiased, probability-weighted likelihood of up to five possible future scenarios that could affect the collection of contractual cash flows. These scenarios consider the time value of money, relevant information available on past events, current conditions and forecasts of the macroeconomic factors considered important in estimating this amount (e.g. GDP, house prices and the unemployment rate, among others). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander uses forward-looking information in internal management and regulatory processes under several scenarios. The Group's guidelines and governance seek synergy and consistency between these different processes. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2. Additional elements</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additional elements will be required when necessary because they have not been captured under the two previous elements. This has included, among others, the analysis of sectors most affected if their impacts are not sufficiently captured by the macroeconomic scenarios. Also collective analysis techniques, when the potential impairment in a group of clients cannot be identified individually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the elements indicated above, Grupo Santander has evaluated in each of the geographical areas the evolution of the credit quality of its customers, for the purposes of classifying them into stages and consequently calculating expected loss.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1faed7f6ea3d465f8856efa57990369e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Management overlays</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group strengthened coverage across its portfolios by implementing overlays, mainly in Brazil, Chile and Mexico, where it increased the PMA buffer to anticipate the impact of the year&#8217;s model recalibrations, as well as other potential deviations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group gradually released the adjustments related to climate events, such as the Valencia dana experienced in late October 2024, in the case of Santander Spain and the Spanish DCB office.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Overall, the amount of overlays at year-end 2025 remains immaterial compared with the Group&#8217;s total allowance for credit losses.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">341</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-324"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-16225-19" continuedAt="f-16225-20"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i124cacb87d414830832c0438899fca78"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Exposure and loan-loss reserves</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Then, considering the most relevant units of the Group (United Kingdom, Spain, United States, Brazil, also Chile, Mexico, Portugal, Argentina and Santander Consumer Finance), which represent approximately </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:nonFraction unitRef="number" contextRef="c-2" decimals="2" name="san:PercentageOfTotalProvisions" scale="-2" id="f-16429">94</ix:nonFraction>%</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of the total Group's provisions. The table below shows the loan-loss reserves associated with each stage as of 31 December 2025, 2024 and 2023. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfCreditQualityTableTextBlock" id="f-16430" continuedAt="f-16430-1" escape="true">In addition, depending on the transactions credit quality, the exposure is divided into <ix:nonFraction unitRef="tranches" contextRef="c-2" decimals="INF" name="san:ExposureToCreditRiskNumberOfTranches" format="ixt-sec:numwordsen" scale="0" id="f-16431">four</ix:nonFraction> categories according to Standard &amp; Poor's rating scale:</ix:nonNumeric></span></div><ix:continuation id="f-16430-1" continuedAt="f-16430-2"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"/><td style="width:27.426%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.770%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.6pt solid #ffffff;padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6724" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16432">112,795</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6725" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16433">2,243</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6726" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16434">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6727" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16435">115,038</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6728" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16436">367,186</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6729" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16437">14,393</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6730" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16438">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6731" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16439">381,579</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6732" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16440">291,014</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6733" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16441">44,363</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6734" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16442">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6735" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16443">335,376</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6736" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16444">8,114</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6737" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16445">17,114</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6738" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16446">31,275</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6739" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16447">56,503</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3053" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16448">779,109</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3059" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16449">78,112</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3065" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16450">31,275</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16451">888,496</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6740" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16452">3,068</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6741" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16453">4,698</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6742" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16454">13,177</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6743" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16455">20,942</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"/><td style="width:27.426%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.770%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6744" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16456">102,394</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6745" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16457">2,564</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6746" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16458">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6747" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16459">104,958</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6748" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16460">411,158</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6749" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16461">15,678</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6750" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16462">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6751" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16463">426,837</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6752" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16464">276,422</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6753" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16465">42,456</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6754" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16466">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6755" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16467">318,878</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6756" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16468">10,385</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6757" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16469">16,633</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6758" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16470">31,273</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6759" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16471">58,291</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3055" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16472">800,360</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3061" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16473">77,330</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3067" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16474">31,273</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16475">908,963</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6760" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16476">3,184</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6761" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16477">4,512</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6762" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16478">12,938</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6763" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16479">20,635</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%"> </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"/><td style="width:27.426%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.768%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.770%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6764" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16480">140,792</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6765" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16481">2,237</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6766" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16482">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6767" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16483">143,029</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6768" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16484">404,184</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6769" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16485">13,746</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6770" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16486">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6771" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16487">417,930</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6772" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16488">250,619</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6773" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16489">39,979</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6774" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16490">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6775" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16491">290,599</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6776" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16492">11,633</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6777" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16493">18,846</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6778" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16494">32,455</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6779" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16495">62,933</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3057" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16496">807,228</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3063" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16497">74,808</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3069" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16498">32,455</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16499">914,491</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 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#ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6781" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16501">4,883</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6782" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16502">13,404</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6783" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16503">21,750</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"><ix:continuation id="f-16430-2" continuedAt="f-16430-3">Data for 2025, 2024 and 2023 reflect the new reporting structure, mainly the disposal of Poland. </ix:continuation>&#160;&#160;&#160;&#160;</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remaining units that form the totality of the Group exposure, account for EUR <ix:nonFraction unitRef="eur" contextRef="c-6784" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16504">93,731</ix:nonFraction>&#160;million: EUR <ix:nonFraction unitRef="eur" contextRef="c-6785" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16505">89,094</ix:nonFraction>&#160;million in stage 1; EUR <ix:nonFraction unitRef="eur" contextRef="c-6786" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16506">3,528</ix:nonFraction>&#160;million in stage 2; and EUR <ix:nonFraction unitRef="eur" contextRef="c-6787" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16507">1,109</ix:nonFraction>&#160;million in stage 3 (in 2024 EUR <ix:nonFraction unitRef="eur" contextRef="c-6788" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16508">80,541</ix:nonFraction>&#160;million in stage 1; EUR <ix:nonFraction unitRef="eur" contextRef="c-6789" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16509">2,534</ix:nonFraction>&#160;million in stage 2, and EUR <ix:nonFraction unitRef="eur" contextRef="c-6790" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16510">874</ix:nonFraction>&#160;million in stage 3. In 2023, EUR <ix:nonFraction unitRef="eur" contextRef="c-6791" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16511">68,788</ix:nonFraction>&#160;million in stage 1; EUR <ix:nonFraction unitRef="eur" contextRef="c-6792" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16512">1,504</ix:nonFraction>&#160;million in stage 2, and EUR <ix:nonFraction unitRef="eur" contextRef="c-6793" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16513">658</ix:nonFraction>&#160;million in stage 3), and </span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16225-20" continuedAt="f-16225-21"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">loan-loss reserves totalled EUR <ix:nonFraction unitRef="eur" contextRef="c-6794" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16514">759</ix:nonFraction>&#160;million, of which: EUR <ix:nonFraction unitRef="eur" contextRef="c-6795" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16515">213</ix:nonFraction>&#160;million in stage 1; EUR <ix:nonFraction unitRef="eur" contextRef="c-6796" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16516">152</ix:nonFraction>&#160;million for stage 2, and EUR <ix:nonFraction unitRef="eur" contextRef="c-6797" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16517">394</ix:nonFraction>&#160;million in stage 3 (in 2024, EUR <ix:nonFraction unitRef="eur" contextRef="c-6798" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16518">165</ix:nonFraction>&#160;million, EUR <ix:nonFraction unitRef="eur" contextRef="c-6799" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16519">117</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-6800" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16520">295</ix:nonFraction>&#160;million and in 2023, EUR <ix:nonFraction unitRef="eur" contextRef="c-6801" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16521">199</ix:nonFraction>&#160;million, EUR <ix:nonFraction unitRef="eur" contextRef="c-6802" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16522">73</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-6803" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16523">161</ix:nonFraction>&#160;million in stage 1, stage 2 and stage 3, respectively).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remaining exposure, including all financial instruments not included before, amounts to EUR <ix:nonFraction unitRef="eur" contextRef="c-3053" decimals="-6" name="san:MaximumExposureToCreditRiskOtherFinancialInstruments" format="ixt:num-dot-decimal" scale="6" id="f-16524">834,911</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-3055" decimals="-6" name="san:MaximumExposureToCreditRiskOtherFinancialInstruments" format="ixt:num-dot-decimal" scale="6" id="f-16525">665,476</ix:nonFraction>&#160;million in 2024 and EUR <ix:nonFraction unitRef="eur" contextRef="c-3057" decimals="-6" name="san:MaximumExposureToCreditRiskOtherFinancialInstruments" format="ixt:num-dot-decimal" scale="6" id="f-16526">598,385</ix:nonFraction>&#160;million in 2023), and it includes all undrawn authorized lines (loan commitments). </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, the Group had EUR <ix:nonFraction unitRef="eur" contextRef="c-6804" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16527">334</ix:nonFraction>&#160;million net of provisions (EUR <ix:nonFraction unitRef="eur" contextRef="c-6805" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16528">559</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-6806" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16529">743</ix:nonFraction>&#160;million at 31 December 2024 and 2023, respectively) of purchased credit-impaired assets, which relate mainly to the business combinations carried out by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the evolution of credit risk provisions, the Group, together with its main geographies, monitors them through sensitivity analyses that assess the impact of changes in macroeconomic scenarios and their key variables on the allocation of financial assets across stages and on the measurement of credit risk provisions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, based on consistent macroeconomic scenarios, the Group also performs stress tests and sensitivity analysis in a regular basis, such as ICAAP, strategic plans, budgets and recovery and resolution plans. In this sense, a prospective view of the sensitivity of each of the Group&#8217;s loan portfolio is created in relation to the possible deviation from the base scenario, considering both the macroeconomic developments in different scenarios and the three year evolution of the business. These tests include potentially adverse and favourable scenarios.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1162"></div><ix:continuation id="f-16225-21" continuedAt="f-16225-22"><div style="margin-bottom:3pt;margin-top:15pt"><span id="if8ed7eda2fb04893b26b8e950460b88b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">3. Detail of the main geographical areas</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the risk information related to the most relevant geographies in exposure and credit risk allowances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This information includes sensitivity analysis, consisting on simulations of +/-100 bp in the main macroeconomic variables. A set of specific and complete scenarios is used in each geography, where different shocks that affect both the reference macroeconomic variable as well as the rest of the parameters is simulated, with different intensities. These shocks collect mainly the most relevant risks and may be originated by productivity, tax, wages or exchange and interest rates factors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Sensitivity is measured as the average variation on expected loss corresponding to the aforementioned movement of +/-100 bp. Following a conservative approach, the negative movements take into account one additional standard deviation in order to reflect the potential higher variability of losses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib3feb763512a43a4b5b359be7895c507"></span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.1.&#160;United Kingdom</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="id2afca752a934154911ff0f739b38c75"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk with customers in the UK remained stable in EUR <ix:nonFraction unitRef="eur" contextRef="c-6807" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-16530">244,303</ix:nonFraction>&#160;million. This credit risk represents <ix:nonFraction unitRef="number" contextRef="c-6807" decimals="2" name="san:PercentageOfTotalPortfolioAtRisk" scale="-2" id="f-16531">21</ix:nonFraction>% of Santander&#8217;s loan portfolio.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At <ix:nonFraction unitRef="number" contextRef="c-6807" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16532">1.08</ix:nonFraction>%, the NPL ratio decreased <ix:nonFraction unitRef="number" contextRef="c-6808" decimals="4" name="san:DecreaseInNonPerformingLoansRatio" scale="-4" id="f-16533">25</ix:nonFraction> bps in comparison to the year end of 2024, due to the good performance in the mortgage portfolio.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">342</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-325"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-22" continuedAt="f-16225-23"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i803c756134084ffc8140208078e535d3"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Mortgage portfolio</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Because of its size, Grupo Santander closely monitor Santander UK&#8217;s mortgage portfolio for the entity itself and the Group. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, the mortgage portfolio of Santander UK remained stable, at local currency, and reached EUR <ix:nonFraction unitRef="eur" contextRef="c-6809" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16534">192,047</ix:nonFraction>&#160;million. It co</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">mprises residential mortgages granted to new and existing customers which are first lien mortgages. There are no second or more liens on mortgaged properties. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Originations have increased in 2025 compared to 2024, a sign of a more active housing market due to lower interest rates and less pressure on households&#8217; purchasing power. The housing market returned to growth in 2025, with a higher level of transactions and price increases compared to 2024.  </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Santander's risk management principles, a property must be appraised independently before we can approve a new mortgage. In line with market practices and the law, we get updated values of properties used as mortgage collateral from an independent agency's automatic appraisal system.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander UK's wide range of mortgages include:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Interest-only loans (<ix:nonFraction unitRef="number" contextRef="c-6810" decimals="2" name="san:InterestOnlyLoansMortgagePortfolioPercentage" scale="-2" id="f-16535">21</ix:nonFraction>%): Customers pay interest every month and repay the principal at maturity. These mortgages, which are common in the UK, require borrowers to have an appropriate repayment vehicle, such as a pension plan or an investment fund. To mitigate inherent risk, Santander UK has restrictive approval requirements, such a maximum loan-to-value ratio of <ix:nonFraction unitRef="number" contextRef="c-6811" decimals="2" name="san:LoanToValueRatio" scale="-2" id="f-16536">50</ix:nonFraction>% and an assessment of the ability to pay both interest and capital.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Flexible loans (<ix:nonFraction unitRef="number" contextRef="c-6810" decimals="2" name="san:FlexibleLoansMortgagePortfolioPercentage" scale="-2" id="f-16537">2</ix:nonFraction>%): Loan agreements allow borrowers to modify monthly payments or draw down additional funds up to a set limit under various conditions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Buy-to-let (<ix:nonFraction unitRef="number" contextRef="c-6810" decimals="2" name="san:BuyToLetMortgagesMortgagePortfolioPercentage" scale="-2" id="f-16538">9</ix:nonFraction>%): Buy-to-let mortgages account for a small portion of the total portfolio and are subject to strict risk approval policies. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander&#8217;s NPL ratio highlights the resilience of the mortgage portfolio in a challenging economic environment and an intensely competitive market. It stood at <ix:nonFraction unitRef="number" contextRef="c-6812" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16539">0.87</ix:nonFraction>% at the end of December 2025 (-<ix:nonFraction unitRef="number" contextRef="c-6813" decimals="4" name="san:DecreaseInNonPerformingLoansRatio" scale="-4" id="f-16540">20</ix:nonFraction> bps YoY).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, <ix:nonFraction unitRef="number" contextRef="c-6811" decimals="2" name="san:PercentageOfPortfolioWithLoanToValueRatioLessThanDefinedPercent" scale="-2" id="f-16541">82</ix:nonFraction>% of the mortgage portfolio had an LTV lower than <ix:nonFraction unitRef="number" contextRef="c-6814" decimals="2" name="san:LoanToValueRatio" scale="-2" id="f-16542">70</ix:nonFraction>%.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7f0f1f133f9249cf9bd394fa6954833e"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander's UK exposure and loan-loss reserves associated with each of the stages at 31 December 2025, 2024 and 2023, is shown below. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16430-3" continuedAt="f-16430-4"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the exposure is divided in <ix:nonFraction unitRef="tranches" contextRef="c-4756" decimals="INF" name="san:ExposureToCreditRiskNumberOfTranches" format="ixt-sec:numwordsen" scale="0" id="f-16543">four</ix:nonFraction> tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:30.998%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6815" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16544">29,963</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6816" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16545">381</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6817" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16546">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6818" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16547">30,344</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6819" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16548">152,981</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6820" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16549">9,529</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6821" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16550">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6822" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16551">162,510</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6823" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16552">17,630</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6824" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16553">8,770</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6825" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16554">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6826" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16555">26,400</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6827" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16556">2</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6828" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16557">615</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6829" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16558">2,475</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6830" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16559">3,092</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6831" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16560">200,576</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6832" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16561">19,295</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6833" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16562">2,475</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4756" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16563">222,346</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6834" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16564">163</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6835" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16565">319</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6836" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16566">373</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6837" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16567">855</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:30.998%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6838" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16568">32,012</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6839" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16569">1,184</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6840" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16570">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6841" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16571">33,196</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6842" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16572">159,970</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6843" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16573">10,916</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6844" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16574">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6845" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16575">170,886</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6846" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16576">17,594</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6847" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16577">11,175</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6848" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16578">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6849" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16579">28,769</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6850" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16580">12</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6851" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16581">695</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6852" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16582">3,292</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6853" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16583">3,999</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6854" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16584">209,588</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6855" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16585">23,970</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6856" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16586">3,292</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4757" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16587">236,850</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6857" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16588">166</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6858" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16589">401</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6859" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16590">400</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6860" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16591">967</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:30.998%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6861" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16592">46,236</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6862" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16593">1,273</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6863" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16594">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6864" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16595">47,509</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6865" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16596">145,884</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6866" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16597">10,850</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6867" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16598">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6868" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16599">156,734</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6869" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16600">13,588</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6870" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16601">13,995</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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format="ixt:num-dot-decimal" scale="6" id="f-16603">27,583</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6873" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16604">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6874" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16605">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6875" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16606">3,518</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6876" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16607">3,518</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6877" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16608">205,708</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6878" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16609">26,118</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6879" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16610">3,518</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4758" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16611">235,344</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6881" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16613">498</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6882" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16614">396</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6883" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16615">1,066</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div></ix:continuation><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of expected losses, prospective information is taken into account. Specifically, Santander UK considers <ix:nonFraction unitRef="scenario" contextRef="c-6884" decimals="INF" name="san:NumberOfProspectiveMacroeconomicScenarios" format="ixt-sec:numwordsen" scale="0" id="f-16616">four</ix:nonFraction> macroeconomic scenarios, which are updated periodically. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfMacroeconomicScenariosTableTextBlock" id="f-16617" continuedAt="f-16617-1" escape="true">The evolution forecasted in 2025 for the next <ix:nonNumeric contextRef="c-6884" name="san:EvolutionProjectionPeriod" format="ixt-sec:durwordsen" id="f-16618">five years</ix:nonNumeric> of the main macroeconomic indicators used by Santander UK to estimate expected losses is presented below:</ix:nonNumeric></span></div><ix:continuation id="f-16617-1" continuedAt="f-16617-2"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:25.834%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:17.166%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.166%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.166%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.168%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026 - 2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario&#160;2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario&#160;1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6885" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-16619">2.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6886" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-16620">3.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6887" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-16621">3.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6888" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-16622">3.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6885" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-16623">7.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6886" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-16624">5.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6887" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-16625">4.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6888" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-16626">4.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Housing price change</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6885" decimals="3" sign="-" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-16627">2.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6886" decimals="3" sign="-" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-16628">0.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6887" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-16629">2.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6888" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-16630">4.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6885" decimals="4" sign="-" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-16631">0.02</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6886" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-16632">0.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6887" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-16633">1.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6888" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-16634">2.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">343</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-326"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-23" continuedAt="f-16225-24"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each of the macroeconomic scenarios is associated with a given weight. In terms of allocation, Santander UK associates the highest weighting to the base scenario, while it associates the lowest weightings to the most extreme or severe scenarios. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfWeightAssociatedWithMacroeconomicScenariosTableTextBlock" id="f-16635" continuedAt="f-16635-1" escape="true">In addition, at 31 December 2025, 2023 and 2022, the weights used by Santander UK reflect the future prospects of the British economy in relation to its current political and economic position so that higher weights are assigned for negative scenarios:</ix:nonNumeric></span></div><ix:continuation id="f-16635-1" continuedAt="f-16635-2"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:47.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.186%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario&#160;3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"><ix:nonFraction unitRef="number" contextRef="c-6889" xsi:nil="true" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" id="f-16636"></ix:nonFraction></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6890" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16637">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6891" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16638">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario&#160;2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6885" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16639">10</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6892" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16640">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6893" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16641">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario&#160;1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6886" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16642">25</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6894" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16643">25</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6895" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16644">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6887" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16645">50</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6896" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16646">50</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6897" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16647">50</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6888" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16648">15</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6898" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16649">15</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6899" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16650">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfMacroeconomicVariablesSensitivityAnalysisTableTextBlock" id="f-16651" continuedAt="f-16651-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, as of December 2025, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:54.317%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.191%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.192%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6900" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-16652">11.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6901" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-16653">3.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6900" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-16654">2.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6901" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-16655">1.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6900" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-16656">7.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6901" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-16657">6.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6900" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-16658">3.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6901" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-16659">1.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6900" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-16660">12.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-6901" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-16661">2.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6900" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-16662">23.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-6901" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-16663">5.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:nonNumeric><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With regard to Stage 2 classification, Santander UK applies quantitative criteria based on identifying an increase in lifetime probability of default (PD) for the transaction that exceeds both an absolute and a relative threshold. The PDs used in this assessment are adjusted to the transaction&#8217;s remaining term and annualised to facilitate the definition of thresholds that cover the full range of transaction maturities. The relative threshold is common across all portfolios, and Santander UK considers that a transaction exceeds this threshold when its lifetime PD increases by <ix:nonFraction unitRef="number" contextRef="c-6884" decimals="2" name="san:ProbabilityOfDefaultPercentageIncreaseFromInitialRecognition" scale="-2" id="f-16664">100</ix:nonFraction>% compared to the PD at initial recognition. The absolute threshold, by contrast, differs across portfolios depending on the characteristics of the transactions.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, each portfolio has a set of specific qualitative criteria indicating that the exposure has experienced a significant increase in credit risk, irrespective of the evolution of its PD since initial recognition. Among other criteria, Santander UK considers that a transaction shows a significant increase in credit risk when it is more than <ix:nonNumeric contextRef="c-6884" name="san:MinimumPeriodOfIrregularPositionsToConsiderSignificantIncreaseInRisk" format="ixt-sec:durday" id="f-16665">30</ix:nonNumeric> days past due. It also has implemented early warning indicator system to support Stage 2 classification. These criteria align with the risk management practices of each portfolio.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:1pt;margin-top:9pt"><span id="iae9f560b4ead47948b97c7d8cc67499d"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.2. Spain</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="ie1f99b6d9a27447aa6b22fbca1da3c1e"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">P</span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">ortfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Espa&#241;a&#8217;s credit risk totalled EUR <ix:nonFraction unitRef="eur" contextRef="c-307" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-16666">305,156</ix:nonFraction>&#160;million (<ix:nonFraction unitRef="number" contextRef="c-307" decimals="2" name="san:PercentageOfTotalPortfolioAtRisk" scale="-2" id="f-16667">26</ix:nonFraction>% of Grupo Santander&#8217;s total). It is appropriately diversified among products and customer segments.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio was <ix:nonFraction unitRef="number" contextRef="c-307" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16668">1.94</ix:nonFraction>%, <ix:nonFraction unitRef="number" contextRef="c-2505" decimals="4" name="san:DecreaseInNonPerformingLoansRatio" scale="-4" id="f-16669">72</ix:nonFraction> bps lower than in December 2024. This decrease was driven by the portfolio&#8217;s strong performance, supported by the execution of the NPL reduction plan.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL coverage ratio increased slightly to <ix:nonFraction unitRef="number" contextRef="c-307" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16670">55</ix:nonFraction>% (+<ix:nonFraction unitRef="number" contextRef="c-2505" decimals="4" name="san:IncreaseDecreaseInNonPerformingCoverageRatioPercent" scale="-4" id="f-16671">2</ix:nonFraction> p.p. year-on-year). The cost of risk decreased to <ix:nonFraction unitRef="number" contextRef="c-307" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16672">0.43</ix:nonFraction>% (-<ix:nonFraction unitRef="number" contextRef="c-2505" decimals="4" name="san:PercentageOfDecreaseInCostOfCredit" scale="-4" id="f-16673">7</ix:nonFraction> bps vs. December 2024), driven by the strong performance of all portfolios.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Macroeconomic projections suggest the economy will moderate its growth pace slightly, but will remain dynamic and well above the eurozone average, as the Spanish economy has largely been supported by stronger domestic demand amid a weaker-than-expected external sector.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i3da1f4258c1f40808267129132106ea6"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Residential mortgage portfolio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Residential mortgages in Spain, including Santander Consumer Finance business, amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-6902" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16674">60,002</ix:nonFraction>&#160;million in 2025 (EUR <ix:nonFraction unitRef="eur" contextRef="c-6903" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16675">59,316</ix:nonFraction> million and EUR <ix:nonFraction unitRef="eur" contextRef="c-6904" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16676">61,097</ix:nonFraction> million in 2024 and 2023, respectively), <ix:nonFraction unitRef="number" contextRef="c-6905" decimals="4" name="san:LoansPercentageSecuredByMortgage" scale="-2" id="f-16677">99.64</ix:nonFraction>% of which have a mortgage guarantee (<ix:nonFraction unitRef="number" contextRef="c-6906" decimals="4" name="san:LoansPercentageSecuredByMortgage" scale="-2" id="f-16678">99.65</ix:nonFraction>%and <ix:nonFraction unitRef="number" contextRef="c-6907" decimals="4" name="san:LoansPercentageSecuredByMortgage" scale="-2" id="f-16679">99.65</ix:nonFraction>% in 2024 and 2023, respectively).</span></div><ix:continuation id="f-2177-2" continuedAt="f-2177-3"><div style="margin-bottom:9pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:46.887%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.906%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.907%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6902" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16680">60,002</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6908" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16681">625</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6909" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16682">215</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6910" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16683">7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6911" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16684">59,787</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6912" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16685">618</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:46.887%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.906%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.907%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6903" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16686">59,316</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6913" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16687">789</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6914" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16688">208</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6915" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16689">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6916" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16690">59,108</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6917" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16691">778</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:46.887%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.906%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.907%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6904" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16692">61,097</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6918" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16693">924</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6919" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16694">215</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6920" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16695">16</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6921" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16696">60,882</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6922" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16697">908</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">344</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-327"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-24" continuedAt="f-16225-25"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio for the residential mortgages portfolio stood at <ix:nonFraction unitRef="number" contextRef="c-6923" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16698">1.03</ix:nonFraction>%, with a reduction of <ix:nonFraction unitRef="number" contextRef="c-6924" decimals="4" name="san:DecreaseInNonPerformingLoansRatio" scale="-4" id="f-16699">29</ix:nonFraction> bps, compared to 31 December 2024, mainly due to by portfolio sales, although credit risk registered an increase of <ix:nonFraction unitRef="number" contextRef="c-6924" decimals="3" name="san:IncreaseDecreaseInResidentialMortgageCreditRiskPercentage" scale="-2" id="f-16700">1.2</ix:nonFraction>% compared to December 2024.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The mortgage portfolio for the acquisition of homes in Spain is characterised by its medium-low risk profile, which limits expectations of any potential additional impairment: </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Principal is repaid on all mortgages from the start. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Early repayment is common so the average life of the transaction is well below that of the contract. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">High quality of collateral, concentrated almost exclusively in financing for first homes. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The average affordability rate is r</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">educe to <ix:nonFraction unitRef="number" contextRef="c-6924" decimals="2" name="san:DebtToIncomeRatio" scale="-2" id="f-16701">22</ix:nonFraction>% (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:nonFraction unitRef="number" contextRef="c-6925" decimals="2" name="san:DebtToIncomeRatio" scale="-2" id="f-16702">24</ix:nonFraction>% and <ix:nonFraction unitRef="number" contextRef="c-6926" decimals="2" name="san:DebtToIncomeRatio" scale="-2" id="f-16703">24</ix:nonFraction>% in 2024 and 2023, respectively). </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The <ix:nonFraction unitRef="number" contextRef="c-6927" decimals="2" name="san:PercentageOfPortfolioWithLoanToValueRatioLessThanDefinedPercent" scale="-2" id="f-16704">94</ix:nonFraction>% of the portfolio has a LTV below <ix:nonFraction unitRef="number" contextRef="c-6928" decimals="2" name="san:LoanToValueRatio" scale="-2" id="f-16705">80</ix:nonFraction>% calculated as total risk/latest available house appraisal.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">All customers applying for a residential mortgage are subject to a rigorous credit risk and viability assessment, analysing whether their income is sufficient to meet all repayments and will remain stable over the term of the loan.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory" id="f-16706" continuedAt="f-16706-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Breakdown of the credit with mortgage guarantee to households for house acquisition, according to the percentage that the total risk represents on the amount of the latest available valuation (loan to value):</span></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-16706-1" continuedAt="f-16706-2"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.131%"><tr><td style="width:1.0%"/><td style="width:31.735%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.094%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.094%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.094%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.094%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.094%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.095%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal&#160;to&#160;40%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 40% and less than 60%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 60% and less than 80%</span></td><td 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross amount</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6929" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16707">17,191</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6930" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16708">20,310</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6931" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16709">18,811</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6932" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16710">2,812</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6933" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16711">663</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6911" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16712">59,787</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6934" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16713">122</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6935" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16714">158</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6936" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16715">151</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6937" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16716">84</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6938" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16717">103</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6912" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16718">618</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In November 2022, Royal Decree-Law 19/2022 was published, which establishes a Code of Good Practices in response to the rise in interest rates on mortgage loans for primary residences and Royal Decree-Law 6/2012 of protection measures for mortgage debtors without resources. The code of good practices is focused on granting capital grace periods and extending the term of the operations. The requests made have not been significant.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i76e56646c05d43bb9e986927c7275787"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Corporate &amp; SME financing</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk with SME </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">and corporates in commercial banking amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-6939" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-16719">99,395</ix:nonFraction>&#160;million, lower than December 2024, mainly due to the fall in the portfolio of SMEs of <ix:nonFraction unitRef="number" contextRef="c-6940" decimals="3" sign="-" name="san:IncreaseDecreaseInPortfolioOfSME" scale="-2" id="f-16720">10.1</ix:nonFraction>%. This portfolio accounting for <ix:nonFraction unitRef="number" contextRef="c-6939" decimals="2" name="san:PercentageOfTotalPortfolioAtRisk" scale="-2" id="f-16721">33</ix:nonFraction>% of the total, compared to <ix:nonFraction unitRef="number" contextRef="c-6941" decimals="2" name="san:PercentageOfTotalPortfolioAtRisk" scale="-2" id="f-16722">41</ix:nonFraction>% of CIB's portfolio, which from 2022 includes branches in Europe. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Most of the portfolio corresponds to clients who have been assigned a credit analyst, who performs continuous management of said clients during all phases of the risk cycle. The portfolio is broadly diversified and not concentrated by sector of activity. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The ICO loans that were granted as a result of the pandemic (<ix:nonFraction unitRef="eur" contextRef="c-307" decimals="-6" name="san:ICOLoanGrantedAsResultOfThePandemic" format="ixt:num-dot-decimal" scale="6" id="f-16723">25,428</ix:nonFraction>&#160;million euros) are being repaid normally and there is a balance of EUR <ix:nonFraction unitRef="eur" contextRef="c-307" decimals="-6" name="san:ICOLoanPandemic" format="ixt:num-dot-decimal" scale="6" id="f-16724">10,857</ix:nonFraction>&#160;million, so they now represent only around <ix:nonFraction unitRef="number" contextRef="c-307" decimals="3" name="san:ICOLoansPercentageOfTotalPortfolio" scale="-2" id="f-16725">3.6</ix:nonFraction>% of Santander Spain's total portfolio. During 2025, Santander Spain maintained its support and close engagement with SMEs and the self-employed through the various support lines, which were significantly less material than the post-pandemic programmes (L&#237;neas ICO Empresas y Emprendedores, L&#237;nea ICO Internacional y Rehabilitaci&#243;n de vivienda).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of delinquent operations with ICO guarantee, the transfer of the overdue guaranteed amounts will take place as the guarantee is executed, regardless of whether the guarantor is subrogated to the right to receive said amounts, according to the regulation of these guarantees. The de-recognition of the transferred guaranteed amounts will entail the recognition, at its fair value, of a collection right against the guarantor.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">345</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-328"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-25" continuedAt="f-16225-26"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The portfol</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">io&#8217;s NPL ratio stood at <ix:nonFraction unitRef="number" contextRef="c-6939" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16726">4.10</ix:nonFraction>% in December 2025. The NPL ratio decreased by <ix:nonFraction unitRef="number" contextRef="c-6940" decimals="4" name="san:DecreaseInNonPerformingRatioPercent" scale="-4" id="f-16727">97</ix:nonFraction> bps compar</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ed to December 2024, largely due to a proactive effort to reduce the stock of NPLs in the SME portfolio, through proactive management of non-performing exposures supported by portfolio sales and the management of specific cases.</span></div><div style="margin-bottom:3pt"><span id="i5b5d85114d1f4520bdab92ac51570ce8"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Real estate activity</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander has specialized teams that are in charge of managing real estate business production and risk areas that cover the entire life cycle of these operations.</span></div><div><span><br/></span></div><ix:continuation id="f-2827-3" continuedAt="f-2827-4"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in gross property development loans to customers were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:40.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6942" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16728">2,545</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6943" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16729">2,433</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6944" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16730">2,327</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6945" decimals="-6" name="san:DecreaseThroughForeclosure" format="ixt:fixed-zero" scale="6" id="f-16731">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6946" decimals="-6" name="san:DecreaseThroughForeclosure" format="ixt:fixed-zero" scale="6" id="f-16732">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6947" decimals="-6" name="san:DecreaseThroughForeclosure" scale="6" id="f-16733">1</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net variation</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6945" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersFinancialAssets" scale="6" id="f-16734">441</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6946" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersFinancialAssets" scale="6" id="f-16735">112</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6947" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseThroughTransfersFinancialAssets" scale="6" id="f-16736">115</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6945" decimals="-6" name="san:DecreaseThroughWriteoffFinancialAsset" scale="6" id="f-16737">2</ix:nonFraction>)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6946" decimals="-6" name="san:DecreaseThroughWriteoffFinancialAsset" format="ixt:fixed-zero" scale="6" id="f-16738">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-6947" decimals="-6" name="san:DecreaseThroughWriteoffFinancialAsset" scale="6" id="f-16739">8</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6948" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16740">2,984</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6942" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16741">2,545</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6943" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16742">2,433</ix:nonFraction></span></td></tr></table></div></ix:continuation><div style="margin-bottom:12pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio of this portfolio (considering only the on balance amount) ended the year at <ix:nonFraction unitRef="number" contextRef="c-6949" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16743">1.04</ix:nonFraction>% (compared with </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%"><ix:nonFraction unitRef="number" contextRef="c-6950" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16744">2.28</ix:nonFraction>%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and <ix:nonFraction unitRef="number" contextRef="c-6951" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16745">3.04</ix:nonFraction>% at December 2024 and 2023, respectively) . The table below shows the distribution of the portfolio. The coverage ratio of the real estate doubtful exposure in Spain stands at <ix:nonFraction unitRef="number" contextRef="c-6949" decimals="4" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16746">35.48</ix:nonFraction>% (<ix:nonFraction unitRef="number" contextRef="c-6950" decimals="4" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16747">36.21</ix:nonFraction>% and <ix:nonFraction unitRef="number" contextRef="c-6951" decimals="4" name="san:NonPerformingCoverageRatio" scale="-2" id="f-16748">39.19</ix:nonFraction>% in 2024 and 2023, respectively).</span></div><ix:continuation id="f-2177-3" continuedAt="f-2177-4"><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:25.443%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.282%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.591%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.284%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Excess of gross exposure over maximum recoverable amount of effective collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Specific allowance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financing for construction and property development (including land) (business in Spain)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6952" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16749">2,984</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6948" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-16750">211</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6953" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16751">17</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6954" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16752">31</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6949" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-16753">&#8212;</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6955" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16754">11</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items written-off assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6954" decimals="-6" name="ifrs-full:FinancialAssetsWrittenOffDuringReportingPeriodAndStillSubjectToEnforcementActivityContractualAmountOutstanding" scale="6" id="f-16755">240</ix:nonFraction></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:69.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:28.221%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Memorandum&#160;items:&#160;Data&#160;from&#160;the&#160;public&#160;consolidated&#160;balance&#160;sheet</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total loans and advances to customers excluding the Public sector (business in Spain) (Book value)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6956" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16756">240,609</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total consolidated assets (Total business) (Book value)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-307" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-16757">1,867,515</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6957" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16758">1,086</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16706-2" continuedAt="f-16706-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At year-end, the distribution of this portfolio was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:67.109%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:30.691%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans: gross amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1. Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6958" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16759">14</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2. With mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6959" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16760">2,970</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6960" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16761">976</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6961" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16762">658</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6962" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16763">318</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 Buildings and other constructions under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6963" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16764">1,981</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6964" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16765">1,913</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6965" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16766">68</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 Land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6966" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16767">13</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.1 Developed consolidated land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6967" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16768">9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.2 Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6968" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-16769">4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6969" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16770">2,984</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation><div style="margin-bottom:3pt;margin-top:9pt"><span id="i73e343b4e922455ea8f466c0a3d17a0a"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Foreclosed properties</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the net balance of these assets amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-6970" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16771">1,898</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-6971" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16772">2,131</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-6972" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16773">2,448</ix:nonFraction>&#160;million at 31 December 2024 and 2023, respectively), gross amount of EUR <ix:nonFraction unitRef="eur" contextRef="c-6973" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16774">4,258</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-6974" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16775">4,823</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-6975" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16776">5,506</ix:nonFraction>&#160;million at 31 December 2024 and 2023, respectively); recognised allowance of EUR <ix:nonFraction unitRef="eur" contextRef="c-6976" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16777">2,360</ix:nonFraction> million (EUR <ix:nonFraction unitRef="eur" contextRef="c-6977" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16778">2,692</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-6978" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16779">3,058</ix:nonFraction>&#160;million at 31 December 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">346</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-329"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-26" continuedAt="f-16225-27"><ix:continuation id="f-2177-4" continuedAt="f-2177-5"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2025:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:50.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which impairment losses on assets since time of foreclosure</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets arising from financing provided to construction and property development companies</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6979" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16780">3,843</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6980" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16781">2,144</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6981" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16782">1,591</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6982" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16783">1,699</ix:nonFraction></span><span style="color:#000000;font-family:'Santander 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format="ixt:num-dot-decimal" scale="6" id="f-16830">1,746</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6970" decimals="-6" name="ifrs-full:LoansAndAdvancesToCustomers" format="ixt:num-dot-decimal" scale="6" id="f-16831">1,898</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group has shareholdings in entities holding foreclosed assets amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-6970" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" scale="6" id="f-16832">36</ix:nonFraction>&#160;million and equity instruments foreclosed or received in payment of debts amounting to EUR <ix:nonFraction unitRef="eur" contextRef="c-7028" decimals="-6" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" scale="6" id="f-16833">10</ix:nonFraction>&#160;million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In recent years, the Group has considered foreclosure to be an option to resolve cases of default instead of legal proceedings. The Group initially recognises foreclosed assets at the lower of the carrying amount of the debt (net of provisions) and the fair value of the foreclosed asset (less estimated costs to sell). Subsequent to initial recognition, the assets are measured at the lower of fair value (less costs to sell) and the amount initially recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of this type of assets is determined by the market value (appraisal) adjusted with discounts obtained according to internal valuation methodologies based on the entity's sales experience in goods with similar characteristics.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The management of real estate assets on the balance sheet is carried out through companies specializing in the sale of real estate that is complemented by the structure of the commercial network. The sale is realised with at prices in accordance with the market situation and the offer of wholesale buyers.</span></div><ix:continuation id="f-2827-4"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The gross movement in foreclosed properties were as follows (EUR billion):</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:38.097%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.961%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.963%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR Billion</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span 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name="ifrs-full:IncreaseDecreaseThroughTransfersFinancialAssets" scale="9" id="f-16835">0.1</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7031" decimals="-8" name="ifrs-full:IncreaseDecreaseThroughTransfersFinancialAssets" scale="9" id="f-16836">0.3</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander 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id="f-16839">1.2</ix:nonFraction>)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Difference</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7029" decimals="-8" sign="-" name="ifrs-full:IncreaseDecreaseInFinancialAssets" scale="9" id="f-16840">0.6</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" 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id="f-16842">0.9</ix:nonFraction>)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ic91246279d434dd19dbc9742b92192db"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander Spain exposure and loan-loss reserves associated with each of the stages at 31 December, 2025, 2024 and 2023, is shown below.<ix:continuation id="f-16430-4" continuedAt="f-16430-5"> In addition, the exposure is divided in <ix:nonFraction unitRef="tranches" contextRef="c-307" decimals="INF" name="san:ExposureToCreditRiskNumberOfTranches" format="ixt-sec:numwordsen" scale="0" id="f-16843">four</ix:nonFraction> tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</ix:continuation></span></div><ix:continuation id="f-16430-5" continuedAt="f-16430-6"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:30.998%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7032" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16844">35,407</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7033" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16845">171</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7034" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16846">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7035" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16847">35,578</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7036" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16848">109,001</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7037" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16849">1,453</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7038" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16850">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7039" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16851">110,454</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7040" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16852">37,089</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7041" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16853">8,262</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7042" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16854">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7043" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16855">45,351</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7044" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16856">2,189</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7045" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16857">1,680</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7046" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16858">5,761</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7047" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16859">9,630</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7048" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16860">183,686</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7049" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16861">11,566</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7050" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16862">5,761</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-307" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16863">201,013</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7051" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16864">382</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7052" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16865">483</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7053" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16866">2,204</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7054" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16867">3,069</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:30.998%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td><td colspan="3" style="display:none"/></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7055" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16868">35,347</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7056" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16869">110</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7057" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16870">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7058" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16871">35,457</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7059" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16872">104,197</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7060" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16873">1,124</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7061" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16874">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7062" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16875">105,321</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7063" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16876">37,413</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7064" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16877">8,844</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7065" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16878">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7066" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16879">46,257</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7067" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16880">2,084</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7068" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16881">3,199</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7069" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16882">6,618</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7070" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16883">11,901</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7071" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16884">179,041</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7072" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16885">13,277</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7073" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16886">6,618</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2491" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16887">198,936</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7074" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16888">340</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7075" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16889">570</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7076" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16890">2,953</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7077" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16891">3,863</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">&#160;&#160;&#160;&#160;</span></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">347</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-330"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-27" continuedAt="f-16225-28"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16430-6" continuedAt="f-16430-7"><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:30.998%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.877%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7078" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16892">46,827</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7079" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16893">48</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-7080" xsi:nil="true" name="ifrs-full:MaximumExposureToCreditRisk" id="f-16894"></ix:nonFraction></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7081" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16895">46,875</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7082" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16896">101,079</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7083" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16897">780</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-7084" xsi:nil="true" name="ifrs-full:MaximumExposureToCreditRisk" id="f-16898"></ix:nonFraction></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7085" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16899">101,859</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7086" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16900">33,905</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7087" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16901">9,789</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"><ix:nonFraction unitRef="eur" contextRef="c-7088" xsi:nil="true" name="ifrs-full:MaximumExposureToCreditRisk" id="f-16902"></ix:nonFraction></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7089" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16903">43,694</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7090" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16904">1,513</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7091" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16905">4,517</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7092" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16906">7,536</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #A6A6A6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7093" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16907">13,566</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 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name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16910">7,536</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2492" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16911">205,994</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7097" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16912">300</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7098" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16913">663</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7099" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16914">2,959</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7100" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-16915">3,922</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes. Excluding the SCIB branches business</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Includes provisions for undrawn authorized lines </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:115%">(loan commitments).</span></div></ix:continuation><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of the expected losses, the prospective information is taken into account. Specifically, Santander Spain considers three macroeconomic scenarios, which are updated periodically. <ix:continuation id="f-16617-2" continuedAt="f-16617-3">The projected evolution for a period of <ix:nonNumeric contextRef="c-2505" name="san:EvolutionProjectionPeriod" format="ixt-sec:durwordsen" id="f-16916">five years</ix:nonNumeric> of the main macroeconomic indicators used by Santander Spain for estimating expected losses as of 2025, is presented below:</ix:continuation></span></div><ix:continuation id="f-16617-3" continuedAt="f-16617-4"><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:38.714%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.961%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.961%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.964%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario&#160;</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario&#160;</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7101" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-16917">2.7</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7102" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-16918">2.5</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7103" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-16919">2.3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7101" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-16920">12.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7102" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-16921">9.7</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7103" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-16922">8.2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt 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2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7102" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-16924">4.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7103" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-16925">4.7</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7101" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-16926">0.2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7102" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-16927">1.6</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7103" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-16928">2.4</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each macroeconomic scenarios is associated with a given weight. <ix:continuation id="f-16635-2" continuedAt="f-16635-3">As for its allocation, Santander Spain associates the Base scenario with the highest weight, while associating the lower weights to the most extreme scenarios:</ix:continuation></span></div><ix:continuation id="f-16635-3" continuedAt="f-16635-4"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:36.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.580%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7101" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16929">30</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7104" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16930">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7105" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16931">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7102" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16932">40</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7106" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16933">40</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7107" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16934">40</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario&#160;1</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7108" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16935">30</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7109" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16936">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7110" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-16937">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation><ix:continuation id="f-16651-1" continuedAt="f-16651-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, at December 31 2025, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:44.270%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.494%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7111" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-16938">8.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7112" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-16939">1.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-307" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-16940">2.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7111" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-16941">3.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7112" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-16942">0.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-307" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-16943">1.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7111" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-16944">8.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7112" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-16945">1.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-307" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-16946">3.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7111" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-16947">6.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7112" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-16948">0.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-307" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-16949">1.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7111" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-16950">6.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7112" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-16951">1.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-307" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-16952">3.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7111" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-16953">14.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7112" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-16954">1.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-307" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-16955">4.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To determine Stage 2 classification, Santander Spain applies quantitative criteria based on identifying increases in the lifetime PD of an exposure above a relative or absolute threshold. The threshold differs by portfolio depending on the characteristics of the exposures, and an exposure is considered to exceed the threshold when its lifetime PD increases by a set amount compared with the PD at initial recognition. Santander Spain calibrates these thresholds periodically, as described in previous paragraphs. In addition, Santander Spain applies a backstop to the relative threshold across all portfolios. As a result, Santander Spain classifies contracts as Stage 2 when their current PD has increased by more than two times compared with the PD at origination.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Spain also considers specific qualitative criteria that indicate a significant increase in credit risk, regardless of how the PD has evolved since initial recognition. Among other criteria, Santander Spain considers that an exposure shows a significant increase in credit risk when it is more than <ix:nonNumeric contextRef="c-2505" name="san:MinimumPeriodOfIrregularPositionsToConsiderSignificantIncreaseInRisk" format="ixt-sec:durday" id="f-16956">30</ix:nonNumeric> days past due or when its early warning system so determines.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">&#160;&#160;&#160;&#160;</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i2e02ef57652046028c93695d51ae9a81"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.3. United States</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="if26b2549cb584194874d1466f23f0ad2"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander US&#8217;s credit risk stood at EUR <ix:nonFraction unitRef="eur" contextRef="c-7113" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-16957">148,488</ix:nonFraction>&#160;million at the end of December 2025. It makes up <ix:nonFraction unitRef="number" contextRef="c-7114" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-16958">12.8</ix:nonFraction>% of Grupo Santander's total credit risk.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio grew to <ix:nonFraction unitRef="number" contextRef="c-7113" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16959">4.82</ix:nonFraction>% (+<ix:nonFraction unitRef="number" contextRef="c-7115" decimals="4" name="san:IncreaseInNonPerformingLoansRatio" scale="-4" id="f-16960">14</ix:nonFraction> bps in the year) due to a higher stock of delinquencies and lower portfolio growth, and the cost of risk decreased to <ix:nonFraction unitRef="number" contextRef="c-7113" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16961">1.62</ix:nonFraction>% (-<ix:nonFraction unitRef="number" contextRef="c-7115" decimals="4" sign="-" name="san:PercentageOfIncreaseDecreaseInCostOfCredit" scale="-4" id="f-16962">20</ix:nonFraction> bps in the year).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander US includes the following business units:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id15354824f864207beb4082cd152651a"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Santander Bank, National Association (SBNA)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 20</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">25 lending amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-7116" decimals="-6" name="san:ExposureToCreditRiskLendingGuaranteesAndDocumentaryCredits" format="ixt:num-dot-decimal" scale="6" id="f-16963">46,677</ix:nonFraction>&#160;million (representing <ix:nonFraction unitRef="number" contextRef="c-7117" decimals="2" name="san:LendingCreditRiskPercentageOfGroup" scale="-2" id="f-16964">4</ix:nonFraction>% of the Group's credit risk) and presents a reduction of <ix:nonFraction unitRef="number" contextRef="c-7117" decimals="2" sign="-" name="san:IncreaseDecreaseInLendingPercentage" scale="-2" id="f-16965">15</ix:nonFraction>% in 2025, mainly due to the transfer of the CIB portfolio to the New York branch. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio increased to <ix:nonFraction unitRef="number" contextRef="c-7116" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-16966">2.60</ix:nonFraction>% (+<ix:nonFraction unitRef="number" contextRef="c-7117" decimals="4" name="san:IncreaseInNonPerformingLoansRatio" scale="-4" id="f-16967">44</ix:nonFraction> bps vs December 2024, while the cost of risk remained flat at <ix:nonFraction unitRef="number" contextRef="c-7116" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-16968">0.93</ix:nonFraction>%.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Activity in the individuals segment is primarily focused on auto financing and leasing, as well as credit card origination. During 2025, the teams continued to develop the operating and systems capabilities that will enable the asset product offering to be expanded in the future through the Openbank brand.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Commercial segment comprises <ix:nonFraction unitRef="line_of_business" contextRef="c-2" decimals="0" name="san:NumberOfBusinessLinesCommercialSegment" format="ixt-sec:numwordsen" scale="0" id="f-16969">seven</ix:nonFraction> business lines, including Commercial Real Estate, Santander Real Estate Capital, Commercial Equipment Vehicle Finance, and Commercial and Industrial. The portfolio shows a slight downward trend in exposure, driven, on the one hand, by a strategy that prioritises risk-adjusted profitability over volume growth and, on the other, by the gradual run-down of the real estate and dealer portfolios.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The credit risk profile of the Commercial Real Estate and dealer portfolios shows some deterioration, mainly due to structural uncertainties affecting these sectors, as well as the impact of an interest-rate environment that remains elevated and developments in commercial and tariff policies, which continue to weigh on the financial capacity of certain customers.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">348</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-331"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-28" continuedAt="f-16225-29"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8154971781d0462fb41ba34dadcbbcfd"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses </span></div><ix:continuation id="f-16430-7" continuedAt="f-16430-8"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander Bank, National Association exposure and loan-loss reserves associated with each of the stages at 31 December, 2025, 2024 and 2023 is shown below. In addition, the exposure is divided in <ix:nonFraction unitRef="tranches" contextRef="c-7118" decimals="INF" name="san:ExposureToCreditRiskNumberOfTranches" format="ixt-sec:numwordsen" scale="0" id="f-16970">four</ix:nonFraction> tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:34.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.950%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7119" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16971">1,622</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7120" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16972">24</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7121" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16973">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7122" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16974">1,646</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7123" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16975">7,352</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7124" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16976">728</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7125" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16977">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7126" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16978">8,080</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7127" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16979">28,758</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7128" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16980">4,459</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7129" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16981">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7130" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16982">33,217</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7131" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16983">779</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7132" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16984">861</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7133" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16985">1,158</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7134" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16986">2,798</ix:nonFraction></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7135" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16987">38,511</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7136" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16988">6,072</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7137" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16989">1,158</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7116" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16990">45,741</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7138" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16991">277</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7139" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16992">325</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7140" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16993">202</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7141" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-16994">804</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:34.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.950%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7142" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16995">4,215</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7143" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-16996">277</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7144" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-16997">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7145" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16998">4,492</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7146" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-16999">21,422</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7147" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17000">930</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7148" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17001">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7149" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17002">22,352</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7150" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17003">21,899</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7151" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17004">3,855</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7152" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17005">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7153" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17006">25,754</ix:nonFraction></span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7154" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17007">33</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7155" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17008">482</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7156" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17009">1,130</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7157" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17010">1,645</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7158" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17011">47,569</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7159" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17012">5,544</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7160" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17013">1,130</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7161" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17014">54,243</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7162" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17015">292</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7163" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17016">364</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7164" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17017">182</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7165" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17018">838</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:9.07pt;text-indent:8.93pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">&#160;&#160;&#160;&#160;</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:34.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.950%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7166" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17019">4,834</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7169" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17022">4,910</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7170" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17023">20,468</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7171" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17024">459</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7172" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17025">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7174" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17027">25,312</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7175" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17028">3,439</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt 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scale="6" id="f-17034">1,396</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7182" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17035">50,666</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7183" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17036">4,424</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid 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id="f-17038">55,984</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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#ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7189" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17042">885</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPO, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments).&#160;&#160;&#160;&#160;</span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of expected losses, prospective information is taken into account. Specifically, Santander Bank, National Association considers <ix:nonFraction unitRef="scenario" contextRef="c-7117" decimals="INF" name="san:NumberOfProspectiveMacroeconomicScenarios" format="ixt-sec:numwordsen" scale="0" id="f-17043">four</ix:nonFraction> macroeconomic scenarios, which are updated periodically. <ix:continuation id="f-16617-4" continuedAt="f-16617-5">The evolution projected in 2025 for a period of <ix:nonNumeric contextRef="c-7117" name="san:EvolutionProjectionPeriod" format="ixt-sec:durwordsen" id="f-17044">five years</ix:nonNumeric> of the main macroeconomic indicators used Santander Bank, National Association to estimate expected losses is presented below:</ix:continuation></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16617-5" continuedAt="f-16617-6"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.976%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.053%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.053%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.592%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.826%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario&#160;2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario&#160;1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7190" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17045">1.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7191" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17046">2.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7192" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17047">3.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7193" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17048">3.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7190" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17049">6.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7191" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17050">5.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7192" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17051">4.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7193" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17052">3.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7190" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17053">0.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7191" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17054">0.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7192" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17055">1.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7193" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17056">2.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7190" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17057">1.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7191" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17058">1.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7192" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17059">2.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7193" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17060">2.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim growth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7190" decimals="3" sign="-" name="san:EstimationOfExpectedLossesManheimGrowthRate" scale="-2" id="f-17061">0.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7191" decimals="3" sign="-" name="san:EstimationOfExpectedLossesManheimGrowthRate" scale="-2" id="f-17062">0.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7192" decimals="3" name="san:EstimationOfExpectedLossesManheimGrowthRate" scale="-2" id="f-17063">0.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7193" decimals="3" name="san:EstimationOfExpectedLossesManheimGrowthRate" scale="-2" id="f-17064">0.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each of the macroeconomic scenarios is associated with a given weight. <ix:continuation id="f-16635-4" continuedAt="f-16635-5">As for its allocation, Santander Bank, National Association associates the highest weighting to the Base scenario, while associates the lowest weightings to the most extreme scenarios:</ix:continuation></span></div><ix:continuation id="f-16635-5" continuedAt="f-16635-6"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:43.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.420%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7190" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17065">18</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7194" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17066">18</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7195" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17067">18</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7191" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17068">20</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7196" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17069">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7197" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17070">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7192" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17071">33</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7198" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17072">33</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7199" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17073">33</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7193" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17074">30</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7200" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17075">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7201" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17076">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation><ix:continuation id="f-16651-2" continuedAt="f-16651-3"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios as of 2025 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:32.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.123%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Auto</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-17077">13.6</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-17078">10.9</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-17079">2.8</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-17080">10.6</ix:nonFraction>%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-17081">7.7</ix:nonFraction>%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-17082">2.0</ix:nonFraction>%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-17083">26.9</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-17084">18.7</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-17085">5.0</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-17086">12.9</ix:nonFraction>%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-17087">9.3</ix:nonFraction>%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-17088">2.5</ix:nonFraction>%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-17089">41.6</ix:nonFraction>%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-17090">25.9</ix:nonFraction>%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-17091">7.9</ix:nonFraction>%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-17092">53.9</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-17093">39.5</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-17094">11.8</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Manheim index</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInManheimIndex" format="ixt:fixed-zero" scale="-2" id="f-17095">&#8212;</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInManheimIndex" format="ixt:fixed-zero" scale="-2" id="f-17096">&#8212;</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInManheimIndex" scale="-2" id="f-17097">1.8</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7202" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInManheimIndex" format="ixt:fixed-zero" scale="-2" id="f-17098">&#8212;</ix:nonFraction>%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7203" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInManheimIndex" format="ixt:fixed-zero" scale="-2" id="f-17099">&#8212;</ix:nonFraction>%</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7204" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInManheimIndex" scale="-2" id="f-17100">1.4</ix:nonFraction>%)</span></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the Stage 2 classification determination, this year SBNA implemented, within the Auto portfolio, a system based on the comparison of PD to determine whether there has been a significant increase in credit risk. SBNA set both relative and absolute thresholds, segmented by the customer&#8217;s credit profile, and also established a backstop to the relative threshold. As a result, SBNA will classify as Stage 2 those contracts whose current PD has increased by more than two times compared to their PD at origination.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the remaining retail portfolios, SBNA uses the FICO (Fair Isaac Corporation) score as a quantitative criterion as a proxy for PD, considering the score at origination and its current value, and setting different limits or cut-off points depending on each portfolio&#8217;s characteristics. A significant increase in risk requires changes in the score of around <ix:nonFraction unitRef="number" contextRef="c-7205" decimals="4" name="san:DeterminationOfStage2ClassificationThreshold" scale="-4" id="f-17101">120</ix:nonFraction> bps and <ix:nonFraction unitRef="number" contextRef="c-7206" decimals="4" name="san:DeterminationOfStage2ClassificationThreshold" scale="-4" id="f-17102">20</ix:nonFraction> bps.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">349</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-332"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-29" continuedAt="f-16225-30"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For wholesale portfolios, SBNA uses the transaction&#8217;s rating as a proxy for PD, considering the rating at origination and its current rating, and setting thresholds for different rating bands depending on each portfolio&#8217;s characteristics.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, SBNA defines specific qualitative criteria to identify exposures that have recorded a significant increase in credit risk. Among other criteria, Santander Bank, National Association considers that a transaction presents a significant increase in credit risk when it has arrears positions for more than <ix:nonNumeric contextRef="c-7117" name="san:MinimumPeriodOfIrregularPositionsToConsiderSignificantIncreaseInRisk" format="ixt-sec:durday" id="f-17103">30</ix:nonNumeric> days or when a system of early warning indicators determines it. </span></div><div style="margin-bottom:3pt"><span id="i1754043d288244a78e4dea6543b5c2b2"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Santander Consumer USA Inc.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Consumer USA Inc. (SC USA) presents higher risk indicators than other Santander US units due to the nature of its business, which focuses on auto finance via loans and leasing.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, lending amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-7207" decimals="-6" name="san:ExposureToCreditRiskLendingGuaranteesAndDocumentaryCredits" format="ixt:num-dot-decimal" scale="6" id="f-17104">25,318</ix:nonFraction>&#160;million (representing <ix:nonFraction unitRef="number" contextRef="c-7208" decimals="3" name="san:LendingCreditRiskPercentageOfGroup" scale="-2" id="f-17105">2.2</ix:nonFraction>% of the Group) and presents a decrease of <ix:nonFraction unitRef="number" contextRef="c-7208" decimals="3" sign="-" name="san:IncreaseDecreaseInLendingPercentage" scale="-2" id="f-17106">17.0</ix:nonFraction>% regarding December 2024.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the NPL ratio, it increased to <ix:nonFraction unitRef="number" contextRef="c-7207" decimals="4" name="san:NonPerformingRatio" scale="-2" id="f-17107">22.08</ix:nonFraction>% (+<ix:nonFraction unitRef="number" contextRef="c-7208" decimals="4" name="san:IncreaseInNonPerformingRatioPercent" scale="-4" id="f-17108">340</ix:nonFraction> bps in the year); and the cost of risk stood at <ix:nonFraction unitRef="number" contextRef="c-7207" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-17109">6.10</ix:nonFraction>% (-<ix:nonFraction unitRef="number" contextRef="c-7208" decimals="4" sign="-" name="san:PercentageOfIncreaseDecreaseInCostOfCredit" scale="-4" id="f-17110">50</ix:nonFraction> bps YoY).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">NPL coverage ratio fell to <ix:nonFraction unitRef="number" contextRef="c-7207" decimals="2" name="san:NonPerformingCoverageRatio" scale="-2" id="f-17111">53</ix:nonFraction>% (-<ix:nonFraction unitRef="number" contextRef="c-7208" decimals="4" sign="-" name="san:IncreaseDecreaseInNonPerformingCoverageRatioPercent" scale="-4" id="f-17112">885</ix:nonFraction> pp in the year), in line with the percentages of transfers from default to bad debts, which are at historically low levels.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The business focuses on optimising the profitability-to-risk relationship through pricing management aligned with each customer&#8217;s credit quality and each transaction, while also strengthening dealer processes and the dealer experience. 2025 was marked by uncertainty stemming from tariff policy and fiscal stimulus measures, as well as the end of the exclusivity agreement with Stellantis.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i142c722429564a46b4f4255289b9272a"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander Consumer USA Inc. exposure and loan-loss reserves associated with each of the stages at 31 December 2025, 2024 and 2023, is shown below. In addition, the exposure is divided in <ix:nonFraction unitRef="tranches" contextRef="c-7207" decimals="INF" name="san:ExposureToCreditRiskNumberOfTranches" format="ixt-sec:numwordsen" scale="0" id="f-17113">four</ix:nonFraction> tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span></div><ix:continuation id="f-16430-8" continuedAt="f-16430-9"><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.467%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7209" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17114">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7210" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17115">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7211" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17116">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7212" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17117">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7213" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17118">54</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7214" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17119">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7215" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17120">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7216" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17121">54</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7217" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17122">10,167</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7218" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17123">947</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7219" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17124">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7220" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17125">11,114</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7221" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17126">3,577</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7222" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17127">4,871</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7223" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17128">5,588</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7224" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17129">14,036</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7225" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17130">13,798</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7226" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17131">5,818</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7227" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17132">5,588</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7207" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17133">25,204</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7228" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17134">419</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7229" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17135">910</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7230" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17136">1,688</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7231" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17137">3,017</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16430-9" continuedAt="f-16430-10"><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.467%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7232" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17138">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7233" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17139">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7234" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17140">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7235" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17141">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7236" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17142">202</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7237" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17143">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7238" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17144">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7239" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17145">202</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7240" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17146">12,802</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7241" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17147">451</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7242" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17148">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7243" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17149">13,253</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7244" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17150">7,259</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7245" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17151">4,226</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7246" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17152">5,729</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7247" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17153">17,214</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7248" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17154">20,263</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7249" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17155">4,677</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7250" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17156">5,729</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7251" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17157">30,669</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7252" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17158">630</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7253" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17159">1,006</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7254" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17160">1,908</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7255" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17161">3,544</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.467%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7256" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17162">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7257" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17163">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7258" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17164">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7259" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17165">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7260" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17166">99</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7261" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17167">0</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7262" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17168">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7263" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17169">99</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7264" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17170">12,120</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7265" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17171">395</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7266" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17172">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7267" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17173">12,515</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7268" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17174">6,754</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7269" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17175">4,237</ix:nonFraction></span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7270" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17176">5,272</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7271" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17177">16,263</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7272" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17178">18,973</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7273" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17179">4,632</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7274" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17180">5,272</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7275" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17181">28,877</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7276" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17182">597</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7277" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17183">1,019</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7278" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17184">1,712</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7279" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17185">3,328</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the expected losses estimation, prospective information should be taken into account. Specifically, SC USA considers <ix:nonFraction unitRef="scenario" contextRef="c-7208" decimals="INF" name="san:NumberOfProspectiveMacroeconomicScenarios" format="ixt-sec:numwordsen" scale="0" id="f-17186">four</ix:nonFraction> macroeconomic scenarios, periodically updated over a <ix:nonNumeric contextRef="c-7208" name="san:EvolutionProjectionPeriod" format="ixt-sec:duryear" id="f-17187">5</ix:nonNumeric>-year time horizon. </span></div><ix:continuation id="f-16617-6" continuedAt="f-16617-7"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The evolution forecasted in 2025 for a period of <ix:nonNumeric contextRef="c-7208" name="san:EvolutionProjectionPeriod" format="ixt-sec:durwordsen" id="f-17188">five years</ix:nonNumeric> of the main macroeconomic indicators used by in SC USA in the estimation of expected losses is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:29.361%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.053%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.053%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.592%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.441%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario&#160;2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario&#160;1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7280" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17189">1.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7281" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17190">2.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7282" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17191">3.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7283" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17192">3.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7280" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17193">6.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7281" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17194">5.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7282" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17195">4.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7283" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17196">3.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7280" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17197">0.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7281" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17198">0.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7282" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17199">1.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7283" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17200">2.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7280" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17201">1.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7281" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17202">1.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7282" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17203">2.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7283" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17204">2.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> index</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7280" decimals="3" sign="-" name="san:EstimationOfExpectedLossesManheimIndex" scale="-2" id="f-17205">0.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7281" decimals="3" sign="-" name="san:EstimationOfExpectedLossesManheimIndex" scale="-2" id="f-17206">0.1</ix:nonFraction>)</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7282" decimals="3" name="san:EstimationOfExpectedLossesManheimIndex" scale="-2" id="f-17207">0.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7283" decimals="3" name="san:EstimationOfExpectedLossesManheimIndex" scale="-2" id="f-17208">0.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div></ix:continuation><ix:continuation id="f-16635-6" continuedAt="f-16635-7"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each of the macroeconomic scenarios is associated with a given weight. Santander Consumer USA Inc. associates the highest weighting to the Base scenario, whereas it associates the lowest weightings to the most extreme or acid scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:47.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.875%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.876%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7280" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17209">18</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7284" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17210">18</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7285" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17211">18</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7281" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17212">20</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7286" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17213">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7287" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17214">20</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7282" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17215">33</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7288" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17216">33</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7289" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17217">33</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7283" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17218">30</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7290" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17219">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7291" decimals="3" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17220">30</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">350</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-333"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-30" continuedAt="f-16225-31"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16651-3" continuedAt="f-16651-4"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios at the end of 2025 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.546%"><tr><td style="width:1.0%"/><td style="width:59.812%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:37.988%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SC Auto</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Manheim index</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInManheimIndex" scale="-2" id="f-17221">1.0</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInManheimIndex" scale="-2" id="f-17222">0.8</ix:nonFraction>%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment Rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-17223">4.9</ix:nonFraction>%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-17224">7.0</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">House Price Change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInHousingPriceChangeRate" scale="-2" id="f-17225">3.1</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInHousingPriceChangeRate" scale="-2" id="f-17226">1.6</ix:nonFraction>%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP&#160;growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-17227">1.7</ix:nonFraction>%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7292" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-17228">1.2</ix:nonFraction>%)</span></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the Stage 2 classification determination, SC USA implemented a new system based on the comparison of PD at origination and current PD, replacing the previous approach based on the FICO (Fair Isaac Corporation) score. SC USA established a set of absolute and relative thresholds, segmented based on the customer&#8217;s credit profile. Finally, it introduced a backstop to the relative threshold whereby contracts whose current PD has increased by more than two times compared to their PD at origination are classified as Stage 2.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for each portfolio, a series of specific qualitative criteria are defined, which indicate that the exposure has experienced a significant increase in credit risk, regardless of the evolution of its PD since the initial recognition. Among other criteria, the entity considers that a transaction has experienced a significant increase in credit risk when it has past-due positions for more than <ix:nonNumeric contextRef="c-7208" name="san:MinimumPeriodOfIrregularPositionsToConsiderSignificantIncreaseInRisk" format="ixt-sec:durday" id="f-17229">30</ix:nonNumeric> days. These criteria align with the risk management practices of each portfolio.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie44df5a8c6404d4990dfc7787a9e9f32"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.4. Banco Santander (Brasil) S.A.</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i04e7256ceeea478ba00640fcdab2e93c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Brazil's credit risk amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-7293" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17230">118,546</ix:nonFraction>&#160;million, increasing <ix:nonFraction unitRef="number" contextRef="c-7294" decimals="3" name="san:IncreaseDecreaseInCreditRiskWithCustomersPercent" scale="-2" id="f-17231">2.5</ix:nonFraction>% in constant euros from 2024. Minus the exchange rate effect, it grew by <ix:nonFraction unitRef="number" contextRef="c-7294" decimals="3" name="san:PercentageIncreaseInCreditRiskExcludingExchangeRate" scale="-2" id="f-17232">2.0</ix:nonFraction>%. As of December 2025, Santander Brasil accounts for <ix:nonFraction unitRef="number" contextRef="c-7293" decimals="2" name="san:CreditExposurePercentage" scale="-2" id="f-17233">10</ix:nonFraction>% of Grupo Santander's loan book.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio went from <ix:nonFraction unitRef="number" contextRef="c-7295" decimals="4" name="san:NonPerformingLoansRatio" scale="-2" id="f-17234">6.10</ix:nonFraction>% in December 2024 to <ix:nonFraction unitRef="number" contextRef="c-7293" decimals="4" name="san:NonPerformingLoansRatio" scale="-2" id="f-17235">6.76</ix:nonFraction>% in December 2025, and the coverage ratio increased from <ix:nonFraction unitRef="number" contextRef="c-7295" decimals="3" name="san:NonPerformingCoverageRatio" scale="-2" id="f-17236">79.0</ix:nonFraction>% to <ix:nonFraction unitRef="number" contextRef="c-7293" decimals="3" name="san:NonPerformingCoverageRatio" scale="-2" id="f-17237">81.0</ix:nonFraction>%.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025 loan-loss provisions reached EUR <ix:nonFraction unitRef="eur" contextRef="c-7293" decimals="-6" name="san:NetLoanLossProvision" format="ixt:num-dot-decimal" scale="6" id="f-17238">4,409</ix:nonFraction>&#160;million, a <ix:nonFraction unitRef="number" contextRef="c-7294" decimals="3" sign="-" name="san:IncreaseDecreaseInProvisionForLoanLoss" scale="-2" id="f-17239">2</ix:nonFraction>% year-on-year decrease. Cost of risk increased from <ix:nonFraction unitRef="number" contextRef="c-7295" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-17240">4.03</ix:nonFraction>% in 2024 to <ix:nonFraction unitRef="number" contextRef="c-7293" decimals="4" name="san:CostOfRiskPercent" scale="-2" id="f-17241">4.17</ix:nonFraction>% in 2025.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the Brazilian economy is moderating compared to the previous year. Several factors drive this performance: reduced fiscal support, a more restrictive monetary policy and a less favourable external environment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The labour market still shows resilience, which has helped prevent a sharp deterioration in household consumption. However, some indicators suggest that this labour-market momentum is starting to cool, with private-sector employment growth gradually easing.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation is expected to close the year at around 4.8%, with a trend towards further moderation in 2026. A moderate appreciation of the Brazilian real and weaker domestic demand contribute to this price moderation. The Brazilian real exchange rate remains a source of uncertainty, together with public debt sustainability and the need for fiscal adjustments to contain financial imbalances. From a sectoral perspective, the agricultural sector and certain industrial segments continue to provide relevant support, although the overall slowdown and the effects of tighter monetary conditions limit their contribution to aggregate growth.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Against this backdrop, although Brazil retains a relatively solid base &#8212; a robust labour market and competitive export sectors &#8212;2025 is shaping up as a transition year, with the economy slowing and facing multiple structural challenges (inflation, exchange rate, debt and monetary policy) that condition its performance.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The retail segment (without Consumer Finance), which represents <ix:nonFraction unitRef="number" contextRef="c-7296" decimals="2" name="san:CreditExposurePercentage" scale="-2" id="f-17242">37</ix:nonFraction>% of Santander Brazil's total portfolio, mainly comprises mortgages and credit cards (<ix:nonFraction unitRef="number" contextRef="c-7297" decimals="2" name="san:CreditExposurePercentage" scale="-2" id="f-17243">29</ix:nonFraction>% and <ix:nonFraction unitRef="number" contextRef="c-7298" decimals="2" name="san:CreditExposurePercentage" scale="-2" id="f-17244">26</ix:nonFraction>% of the total portfolio, respectively). Thanks to the risk mitigation measures implemented in origination and portfolio management, cost of risk has been kept at 4.7%, despite the high SELIC rate and inflation running above the official target, which reduces individuals&#8217; repayment capacity.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the SME segment, which represents 11% of total risk exposure, the Bank maintained the restrictive origination measures adopted in recent years, particularly for the higher-risk profiles with weaker performance. Teams continuously review and adjust strategies to keep credit quality within expected levels. Overall, they achieved this during the year, with an acceptable performance of new business indicators.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Brazil&#8217;s corporate segment, 2025 was marked by an uncertain geopolitical backdrop and some weaknesses in the local economy, notably high interest rates that have affected the repayment capacity of more leveraged companies. In this environment, the portfolio&#8217;s growth slowed and NPL and cost of risk levels increased.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">351</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-334"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-16225-31" continuedAt="f-16225-32"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id3adc8f7128045c78a12d72f7b6f3ea6"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Banco Santander (Brasil) S.A. exposure and loan-loss reserves associated with each of the stages at 31 December 2025, 2024 and 2023, is shown below. In addition, the exposure is divided in <ix:nonFraction unitRef="tranches" contextRef="c-7299" decimals="INF" name="san:ExposureToCreditRiskNumberOfTranches" format="ixt-sec:numwordsen" scale="0" id="f-17245">four</ix:nonFraction> tranches of the Standard &amp; Poor's rating scale, according to their current credit quality: </span></div><ix:continuation id="f-16430-10"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.467%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7300" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17246">16,898</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7301" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17247">1,513</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7302" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17248">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7303" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17249">18,411</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7304" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17250">29,179</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7305" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17251">1,253</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7306" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17252">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7307" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17253">30,432</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7308" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17254">36,089</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7309" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17255">7,035</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7310" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17256">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7311" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17257">43,124</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7312" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17258">1,217</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7313" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17259">3,801</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7314" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17260">7,151</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7315" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17261">12,169</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7316" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17262">83,383</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7317" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17263">13,602</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7318" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17264">7,151</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7299" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17265">104,136</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7319" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17266">648</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7320" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17267">1,128</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7321" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17268">4,216</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7322" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17269">5,992</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.467%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7323" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17270">19,557</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7324" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17271">970</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7325" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17272">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7326" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17273">20,527</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7327" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17274">32,824</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7328" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17275">1,637</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7329" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17276">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7330" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17277">34,461</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7331" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17278">33,655</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7332" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17279">5,285</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7333" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17280">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7334" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17281">38,940</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7335" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17282">423</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7336" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17283">2,808</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7337" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17284">6,382</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7338" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17285">9,613</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7339" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17286">86,459</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7340" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17287">10,700</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7341" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17288">6,382</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7342" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17289">103,541</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7343" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17290">687</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7344" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17291">860</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7345" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17292">3,766</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7346" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17293">5,313</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:33.467%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.258%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.259%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7347" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17294">20,670</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7348" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17295">468</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7349" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17296">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7350" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17297">21,138</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7351" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17298">38,869</ix:nonFraction></span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7352" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" scale="6" id="f-17299">751</ix:nonFraction></span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7353" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17300">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7354" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17301">39,620</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7355" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17302">36,107</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7356" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17303">4,177</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7357" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:fixed-zero" scale="6" id="f-17304">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7358" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17305">40,284</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7359" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17306">1,153</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7360" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17307">3,735</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7361" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17308">7,479</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7362" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17309">12,367</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7363" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17310">96,799</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7364" decimals="-6" name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17311">9,131</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 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name="ifrs-full:MaximumExposureToCreditRisk" format="ixt:num-dot-decimal" scale="6" id="f-17313">113,409</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7367" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17314">722</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7368" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17315">1,078</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7369" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17316">4,538</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7370" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17317">6,338</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div></ix:continuation><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the expected losses estimation, prospective information is taken into account. Particularly, Santander Brazil considers <ix:nonFraction unitRef="scenario" contextRef="c-7294" decimals="INF" name="san:NumberOfProspectiveMacroeconomicScenarios" format="ixt-sec:numwordsen" scale="0" id="f-17318">three</ix:nonFraction> macroeconomic scenarios, periodically updated. <ix:continuation id="f-16617-7" continuedAt="f-16617-8">The evolution for a period of <ix:nonNumeric contextRef="c-7294" name="san:EvolutionProjectionPeriod" format="ixt-sec:durwordsen" id="f-17319">five years</ix:nonNumeric> of the main macroeconomic indicators used to estimate the expected losses in Santander Brazil is as follows:</ix:continuation></span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16225-32" continuedAt="f-16225-33"><ix:continuation id="f-16617-8"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:36.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.580%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7371" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17320">11.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7372" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17321">10.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7373" decimals="3" name="san:EstimationOfExpectedLossesInterestRate" scale="-2" id="f-17322">10.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7371" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17323">8.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7372" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17324">6.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7373" decimals="3" name="san:EstimationOfExpectedLossesUnemploymentRate" scale="-2" id="f-17325">5.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7371" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17326">1.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7372" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17327">5.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7373" decimals="3" name="san:EstimationOfExpectedLossesHousingPriceChangeRate" scale="-2" id="f-17328">10.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7371" decimals="3" sign="-" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17329">0.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7372" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17330">1.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7373" decimals="3" name="san:EstimationOfExpectedLossesGDPGrowthRate" scale="-2" id="f-17331">3.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Burden income</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7371" decimals="3" name="san:EstimationOfExpectedLossesBurdenIncomeRate" scale="-2" id="f-17332">27.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7372" decimals="3" name="san:EstimationOfExpectedLossesBurdenIncomeRate" scale="-2" id="f-17333">26.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7373" decimals="3" name="san:EstimationOfExpectedLossesBurdenIncomeRate" scale="-2" id="f-17334">26.1</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each macroeconomic scenario is associated with a given weight. <ix:continuation id="f-16635-7" continuedAt="f-16635-8">Regarding its assignation, Brazil links the highest weight to the base scenario whilst links the lowest weights to the most extreme scenarios:</ix:continuation></span><ix:continuation id="f-16635-8"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:36.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.579%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.580%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7371" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17335">13</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7374" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17336">13</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7375" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17337">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7372" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17338">75</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7376" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17339">75</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7377" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17340">80</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7373" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17341">13</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7378" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17342">13</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7379" decimals="2" name="san:PercentageOfWeightingsAssociatedWithMacroeconomicScenarios" scale="-2" id="f-17343">10</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></ix:continuation></div><ix:continuation id="f-16651-4"><div style="margin-bottom:6pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is at the end of 2025 as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:40.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Individuals</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">SME</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7380" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-17344">1.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7381" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-17345">2.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7382" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInGDPGrowthRate" scale="-2" id="f-17346">2.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7380" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-17347">0.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7381" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-17348">1.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7382" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInGDPGrowthRate" scale="-2" id="f-17349">1.4</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7380" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-17350">1.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7381" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-17351">3.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7382" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInUnemploymentRate" scale="-2" id="f-17352">4.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7380" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-17353">2.8</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7381" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-17354">6.2</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7382" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInUnemploymentRate" scale="-2" id="f-17355">6.3</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate (SELIC)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7380" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInInterestRate" scale="-2" id="f-17356">0.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7381" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInInterestRate" scale="-2" id="f-17357">1.6</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="number" contextRef="c-7382" decimals="3" sign="-" name="san:PercentChangeInProvisionAssuming100BasisPointDecreaseInInterestRate" scale="-2" id="f-17358">0.9</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7380" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInInterestRate" scale="-2" id="f-17359">1.7</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7381" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInInterestRate" scale="-2" id="f-17360">4.0</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7382" decimals="3" name="san:PercentChangeInProvisionAssuming100BasisPointIncreaseInInterestRate" scale="-2" id="f-17361">3.5</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:continuation><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the Stage 2 classification determination, Santander Brasil assesses whether the increase in lifetime PD over the expected life of the transaction exceeds the combined effect of an absolute and a relative threshold. These thresholds vary by portfolio, depending on the characteristics of the transactions. A transaction is deemed to breach the threshold when its lifetime PD increases by a specified amount compared to the PD recorded at initial recognition.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The absolute and relative threshold levels are recalibrated periodically and depend on the type of portfolio to which they apply. In addition, Santander Brasil has implemented a backstop to the relative threshold across all portfolios: contracts whose current PD doubles the PD at origination are automatically classified as Stage 2.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1165"></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">352</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-335"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-33" continuedAt="f-16225-34"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie6ab7dfbc6684d55b14fb3c5c57d9d34"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">4. Other credit risk aspects</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="ia571339575fb4b23b47fcaacd0c78874"></span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.1.&#160;Credit risk by activity in the financial markets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This section covers credit risk from treasury, with money market financing and counterparty risk products to satisfy the needs of customers (especially credit institutions) and the Group. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Counterparty credit risk is defined as the risk that could arise from a total or partial failure to meet the financial obligations entered into with the entity, because a customer may default before the final settlement of the transaction&#8217;s cash flows. This risk usually increases the longer the period between the trade date and the settlement date. It is a bilateral credit risk that can affect both parties to the transaction, and its magnitude is uncertain, as it depends on volatile market factors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within counterparty credit risk exposure, an additional risk known as wrong-way risk may arise. It occurs when exposure to a portfolio or counterparty increases at the same time as its credit quality deteriorates. In other words, wrong-way risk exists when default risk increases and, as a result, the exposure to the counterparty also increases. Santander has specific models to measure and control this risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Settlement risk arises when the settlement of a transaction involves a bilateral exchange of flows or assets between two counterparties. For example, when a counterparty buys dollars in exchange for euros, settlement involves one party delivering euros and receiving an equivalent amount of dollars from the other. Settlement risk is the risk that one of the parties fails to meet its settlement obligations. We have also developed a global infrastructure and specific models to measure this risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To manage and control counterparty risk, it is essential to have an infrastructure that allows measuring current and potential exposure at different levels of aggregation and granularity in an agile and dynamic way, ensuring the generation of reports with sufficient detail to facilitate the understanding of exposures and the decision-making process.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To measure exposure, Grupo Santander follows two methodologies: mark-to-market (MtM or replacement value in derivatives) plus potential future exposure (add-on), and Monte Carlo simulation for calculating exposure for some countries and products. Additionally, Santander calculates capital at risk or unexpected loss, which is the loss that constitutes economic capital net of guarantees and recoveries, after deducting the expected loss.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">After market close, Grupo Santander recalculates exposures by adjusting all operations to their new time horizon, adapting the potential future exposure and applying mitigation measures (netting, collateral, among others), so that exposures can be controlled daily against the limits approved by senior management within the risk appetite. Santander performs risk control through a real-time integrated system, which allows the Group to know at any moment the available exposure limit with any counterparty, in any product and term, and across all subsidiaries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander runs monthly stress tests on derivatives portfolios and securities financing transactions (SFT). These exercises form an integral part of the counterparty credit risk management process. They allow us to assess the resilience of exposures under adverse scenarios and support appropriate identification, measurement and control of the associated risks. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia14b72992e6241e18c82a51eed39a19b"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.2.&#160;Concentration risk </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Concentration risk control is an essential aspect of Grupo Santander's management. The Group continuously monitors the level of concentration in its credit risk portfolios applying various criteria: geographic areas and countries, economic sectors and groups of customers.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The board, via the risk appetite framework, determines the maximum levels of concentration.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In line with these maximum levels and limits, the executive risk committee establishes the risk policies and reviews the appropriate exposure levels for the effective management of </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">the degree of concentration in Santander&#8217;s credit risk portfolios.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander must adhere to the regulation on large risks contained in the CRR, according to which the exposure contracted by an entity with a customer or group of associated customers will be considered a large exposure when its value is equal to or greater than <ix:nonFraction unitRef="number" contextRef="c-7383" decimals="2" name="san:LargeExposurePercentageOfEligibleCapitalThreshold" scale="-2" id="f-17362">10</ix:nonFraction>% of eligible capital.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in order to limit large exposures, no entity may assume exposures exceeding <ix:nonFraction unitRef="number" contextRef="c-7383" decimals="2" name="san:LargeExposureMaximumPercentageOfEligibleCapital" scale="-2" id="f-17363">25</ix:nonFraction>% of its eligible capital with a single customer or group of associated customers, having factored in the credit risk mitigation effect contained in the regulation.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, after applying risk mitigation techniques, no group reaches the above-mentioned thresholds.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regulatory credit exposure with the <ix:nonFraction unitRef="customer" contextRef="c-7384" decimals="INF" name="san:NumberOfGroups" scale="0" id="f-17364">20</ix:nonFraction> largest groups within the scope of large risks represented <ix:nonFraction unitRef="number" contextRef="c-7385" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-17365">5.3</ix:nonFraction>% of the outstanding credit risk with customers (lending to customers plus off-balance sheet risks) as of December 2025. While the regulatory credit exposure with the <ix:nonFraction unitRef="customer" contextRef="c-7386" decimals="INF" name="san:NumberOfGroups" scale="0" id="f-17366">40</ix:nonFraction> largest groups represents <ix:nonFraction unitRef="number" contextRef="c-7387" decimals="3" name="san:CreditExposurePercentage" scale="-2" id="f-17367">8.4</ix:nonFraction>% of the credit risk.</span></div><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">353</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-336"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-34" continuedAt="f-16225-35"><ix:continuation id="f-16706-3" continuedAt="f-16706-4"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by activity and geographical area of the Group's risk concentration at 31 December 2025 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:42.603%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.161%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other EU countries</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">America</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the world</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7388" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17368">326,316</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7389" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17369">61,256</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7390" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17370">71,853</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7391" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17371">119,532</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7392" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17372">73,675</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7393" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17373">267,765</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7394" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17374">82,131</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7395" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17375">62,620</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7396" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17376">109,109</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 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style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7398" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17378">239,153</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7399" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17379">66,479</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7400" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17380">57,468</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7401" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17381">101,768</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7402" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17382">13,438</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7403" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17383">28,612</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid 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unitRef="eur" contextRef="c-7405" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17385">5,152</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7406" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17386">7,341</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7407" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17387">467</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7408" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17388">207,044</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7409" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17389">16,301</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7410" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17390">50,819</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7411" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17391">101,600</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7412" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17392">38,324</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial companies and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7413" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17393">447,496</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7414" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17394">103,836</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7415" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17395">94,760</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7416" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17396">188,078</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7417" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17397">60,822</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7418" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17398">20,322</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7419" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17399">4,130</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7420" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17400">2,090</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7421" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17401">9,396</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7422" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17402">4,706</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7423" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17403">5,128</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7424" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17404">1,835</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7425" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17405">1,740</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7426" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17406">1,468</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7427" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17407">85</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7428" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17408">291,515</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7429" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17409">53,841</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7430" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17410">63,635</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7431" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17411">127,003</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7432" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17412">47,036</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7433" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17413">130,531</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7434" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17414">44,030</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7435" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17415">27,295</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7436" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17416">50,211</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7437" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17417">8,995</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households &#8211; other (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7438" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17418">543,928</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7439" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17419">88,602</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7440" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17420">98,262</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7441" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17421">142,560</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7442" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17422">214,504</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7443" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17423">333,552</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7444" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17424">61,818</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7445" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17425">27,030</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7446" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17426">46,605</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7447" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17427">198,099</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7448" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17428">192,746</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7449" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17429">19,784</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7450" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17430">69,670</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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id="f-17432">15,801</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7453" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17433">17,630</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7454" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17434">7,000</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7455" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17435">1,562</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7456" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17436">8,464</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7457" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17437">604</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6720" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17438">1,792,549</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-6630" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17439">352,126</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7458" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17440">378,314</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7459" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17441">660,879</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7460" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17442">401,230</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><ix:continuation id="f-16706-4" continuedAt="f-16706-5"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span></ix:continuation><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt"><ix:continuation id="f-16706-5">For the purposes of this table, the definition of risk includes the following items in the public balance sheet: 'Loans and advances to credit institutions', 'Loans and advances to Central Banks', 'Loans and advances to Customers', 'Debt securities', 'Equity Instruments', 'Trading Derivatives', 'Hedging derivatives', 'Investments and financial guarantees given'.</ix:continuation> </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i9df7782519234727b6315c34a29df2ac"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.3 Sectors identification and management </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander conducts a quarterly review of exposure to customers operating in sectors that could be more affected by macroeconomic conditions (energy consumption, commodity prices, and key macroeconomic variables). This monitoring is complemented by the use of internal tools that allow projecting the behaviour and evolution of clients in each sector under different macroeconomic scenarios. Additionally, this process considers, among other things, the following information at the sector level:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market information: Industries&#8217; stock market performance.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Analysts&#8217; EBITDA forecasts for the coming years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Internal information: Changes in credit exposure, defaults (in different timelines) and stagings.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Our industry experts&#8217; opinion, based on specific details about our exposures and our relationships with customers</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">continued to strengthen our ability to analyse potential losses at the highest possible level of granularity by enhancing the methodology and sector projection tools, based on the resilience of each company&#8217;s financial statements under different macroeconomic scenarios.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="icd026d9fd5634422af836382952f833b_9509"></span><span id="ifde19736bb3b4dacbca9b14f2c6781a0"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.4. Sovereign risk and exposure to other public sector entities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Sovereign risk arises from central bank transactions (including regulatory cash reserves), government bonds issued by the Treasury or equivalent bodies (public debt portfolio), and transactions with public-sector entities funded exclusively by a state&#8217;s budget revenues and with no commercial activity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The standard historically applied by Grupo Santander differs from the one used by the EBA in its periodic stress tests. The most significant differences are that the EBA&#8217;s approach does not include deposits with central banks, exposures held in insurance companies, or indirect exposures through guarantees or other instruments. By contrast, it does include public administrations more broadly (including regional and local authorities), and not only those of the central government.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander continues to track and manage transactions with sovereign risk based on available information, such as reports by rating agencies and international organizations. Grupo Santander monitors each country where the Group has cross-border</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and sovereign risk. Santander analyses events that could affect the country&#8217;s political or institutional stability and assign its government or central bank a credit rating. This helps us set limits for transactions with sovereign risk.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">354</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-337"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-35" continuedAt="f-16225-36"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Over recent years, total sovereign risk exposure has remained in line with regulatory requirements and the strategy defined for managing this portfolio. Changes in exposure across countries reflect the liquidity management strategy and hedging of interest rate and foreign exchange risk. International exposure is diversified across countries with different macroeconomic expectations and, consequently, different growth, interest rate and exchange rate scenarios..</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December 2025, Grupo Santander&#180;s local sovereign exposure, in currencies other than the official currency of the country of issuance, is not significant (</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EUR <ix:nonFraction unitRef="eur" contextRef="c-7461" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17443">4,908</ix:nonFraction> million, <ix:nonFraction unitRef="number" contextRef="c-7462" decimals="3" name="san:PercentageOfTotalSovereignRisk" scale="-2" id="f-17444">1.2</ix:nonFraction>% of total sovereign risk) according to our management criteria. Furthermore, exposure to non-local sovereign issuers involving cross-border risk is even less significant</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">2</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (EUR <ix:nonFraction unitRef="eur" contextRef="c-7463" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17445">17,002</ix:nonFraction>&#160;million, <ix:nonFraction unitRef="number" contextRef="c-7464" decimals="3" name="san:PercentageOfTotalSovereignRisk" scale="-2" id="f-17446">4.0</ix:nonFraction>% </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">of total sovereign risk). Sovereign exposure in Latin America is mostly in local currency, and is recognised in the local accounts and concentrated in short- term maturities.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfMaximumExposureLimitsBasedOnCreditQualityTableTextBlock" id="f-17447" escape="true"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our investment strategy for sovereign risk considers country&#8217;s credit quality to set the maximum exposure limits. The following table shows the percentage of exposure by rating</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:43.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.420%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure distribution by rating</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7465" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17448">18</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7466" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17449">21</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7467" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17450">18</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7468" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17451">17</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7469" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17452">18</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7470" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17453">19</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7471" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17454">43</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7472" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17455">41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7473" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17456">41</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7474" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17457">14</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7475" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17458">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7476" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17459">12</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7477" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17460">9</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7478" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17461">9</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7479" decimals="2" name="san:MaximumExposureLimitPercentage" scale="-2" id="f-17462">10</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Internal ratings are applied.</span></div></div></ix:nonNumeric></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Sovereign exposure at the end of December 2025 is shown in the table below (data in million euros):</span></div><ix:continuation id="f-2177-5" continuedAt="f-2177-6"><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.307%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.974%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.307%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.162%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portfolio</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading and Financial assets designated as FV with changes in&#160;results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial&#160;assets <br/>at&#160;fair&#160;value <br/>through&#160;other <br/>comprehensive <br/>income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial <br/>assets&#160;at <br/>amortised&#160;cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatory at fair value through profit or loss</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7480" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17463">3,852</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7481" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17464">112</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7482" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17465">58,044</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7483" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17466">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7484" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17467">62,008</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7485" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17468">56,293</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7486" decimals="-6" sign="-" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17469">659</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7487" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17470">1,199</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7488" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17471">6,767</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7489" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17472">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7490" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17473">7,307</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7491" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17474">7,652</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7492" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17475">2,875</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7493" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17476">440</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7494" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17477">12,557</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7495" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17478">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7496" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17479">15,872</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7497" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17480">12,915</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Greece</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7498" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17481">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7499" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17482">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7500" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17483">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7501" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17484">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7502" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17485">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7503" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17486">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7504" decimals="-6" sign="-" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17487">38</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7505" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17488">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7506" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17489">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7507" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17490">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7508" decimals="-6" sign="-" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17491">38</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7509" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17492">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest Eurozone</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7510" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17493">3,684</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7511" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17494">254</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7512" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17495">10,443</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7513" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17496">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7514" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17497">14,381</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7515" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17498">6,212</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span 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name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17500">1,001</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7518" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17501">5,687</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7519" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17502">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7520" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17503">7,595</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7521" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17504">8,772</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7524" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17507">13,333</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7525" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17508">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7526" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17509">20,813</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 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#9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7530" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17513">526</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7531" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17514">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid 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name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17516">954</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7534" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17517">4,783</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7535" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17518">4,320</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7536" decimals="-6" 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name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17527">26,165</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7545" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17528">26,641</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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unitRef="eur" contextRef="c-7547" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17530">7,652</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7548" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17531">7,599</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7549" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17532">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7550" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17533">25,914</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7551" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17534">21,642</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7552" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17535">676</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7553" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17536">2,666</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7554" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17537">5,254</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7555" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17538">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7556" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17539">8,596</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7557" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17540">6,900</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7558" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17541">2,593</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7559" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17542">1,654</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7560" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17543">2,151</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7561" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17544">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7562" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17545">6,398</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7563" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17546">4,431</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the World</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7564" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17547">211</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7565" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" scale="6" id="f-17548">17</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7566" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17549">4,128</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7567" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17550">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7568" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17551">4,356</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7569" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17552">7,003</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7570" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17553">38,785</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7571" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17554">35,187</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7573" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:fixed-zero" scale="6" id="f-17556">&#8212;</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7574" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17557">224,947</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7575" decimals="-6" name="ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic" format="ixt:num-dot-decimal" scale="6" id="f-17558">198,627</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Risks with domestic public or private borrowers in foreign currency and originated outside the country.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">2 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Countries that are not considered low risk by Banco de Espa&#241;a.</span></div></ix:continuation></ix:continuation><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1168"></div><ix:continuation id="f-16225-36" continuedAt="f-16225-37"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i9f00c659b93b43b8a7de7a99afa8d396"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">5. Forborne loan portfolio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The customer debt redirection policy incorporates the regulatory requirements of the EBA guidelines on the management of non-performing exposures, refinancing and restructuring. This policy acts as a reference for the transposition in our subsidiaries and shares the applicable supervisory expectations.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This policy also sets down rigorous criteria for evaluating, classifying and monitoring forbearances to support the strictest possible care and diligence in recovering due amounts. Thus, it dictates that Santander must adapt payment obligations to customers' current circumstances. Our forbearance policy also defines classification criteria to support Grupo Santander recognizes risks appropriately. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Forbearances must remain classified as non-performing or in watch-list for a prudential period for reasonable certainty of repayment. In no case will repayments be used to delay the immediate recognition of losses or so that their use distorts the timely recognition of the risk of non-payment.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">355</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-338"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-37" continuedAt="f-16225-38"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, forbearance stock fell again and stood at EUR <ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:ForborneLoanPortfolioAmount" format="ixt:num-dot-decimal" scale="6" id="f-17559">25,235</ix:nonFraction>&#160;million, due to the good payment behaviour in the main geographies. In terms of credit quality, <ix:nonFraction unitRef="number" contextRef="c-7576" decimals="2" name="san:CreditExposurePercentage" scale="-2" id="f-17560">53</ix:nonFraction>% of the loans is classified as credit impaired, with a coverage ratio of <ix:nonFraction unitRef="number" contextRef="c-7576" decimals="2" name="san:LoansAndReceivablesPercentageCoveredBySpecificAllowances" scale="-2" id="f-17561">41</ix:nonFraction>%. In addition, <ix:nonFraction unitRef="number" contextRef="c-7577" decimals="2" name="san:CreditExposurePercentage" scale="-2" id="f-17562">47</ix:nonFraction>% of the portfolio is classified as performing.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following terms are used with the meanings specified below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Refinancing transaction: transaction that is granted or used, for reasons relating to current or foreseeable financial difficulties of the borrower, to repay one or more of the transactions granted to it, or through which the payments on such transactions are brought fully or partially up to date, in order to enable the borrowers of the cancelled or refinanced transactions to repay their debt (principal and interest) because they are unable, or might foreseeably become unable, to comply with the conditions there of in due time and form.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Restructured transaction: transaction with respect to which, for economic or legal reasons relating to current or foreseeable financial difficulties of the borrower, the financial terms and conditions are modified in order to facilitate the payment of the debt (principal and interest) because the borrower is unable, or might foreseeably become unable, to comply with the aforementioned terms and conditions in due time and form, even if such modification is envisaged in the agreement.</span></div></div></div><ix:continuation id="f-2177-6" continuedAt="f-2177-7"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:27.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.606%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without&#160;real&#160;guarantee</span></td><td colspan="12" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With&#160;real&#160;guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 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0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7580" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:fixed-zero" scale="0" id="f-17565">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7581" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:fixed-zero" scale="6" 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unitRef="eur" contextRef="c-7590" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:fixed-zero" scale="6" id="f-17575">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7591" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17576">8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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scale="6" id="f-17578">94</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7594" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" scale="0" id="f-17579">462</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7595" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-17580">182</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7596" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" scale="6" id="f-17581">117</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7597" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" scale="6" id="f-17582">15</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7598" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17583">94</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7599" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17584">489,192</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7600" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17585">5,095</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7601" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17586">42,700</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7613" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17598">3,000,071</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7614" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17599">4,556</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7615" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17600">515,253</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7616" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17601">9,699</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7617" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17602">3,752</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7618" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17603">3,777</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7619" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17604">3,665</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7620" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17605">3,490,210</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7621" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17606">9,751</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7622" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17607">558,424</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7623" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17608">15,484</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7624" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17609">7,145</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7625" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17610">4,715</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7626" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17611">6,480</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7627" decimals="INF" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17612">13,499</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7628" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-17613">261</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 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unitRef="eur" contextRef="c-7632" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" scale="6" id="f-17617">14</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7633" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17618">171</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:24.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.718%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Current refinancing and restructuring 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name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" scale="6" id="f-17637">22</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7653" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" scale="6" id="f-17638">11</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7669" decimals="0" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17654">1,620,343</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7670" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17655">2,401</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7671" decimals="0" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17656">296,470</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7672" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17657">5,313</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7673" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17658">1,730</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7674" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17659">2,232</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7675" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17660">2,991</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7676" decimals="0" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17661">1,916,935</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7677" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17662">5,354</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7678" decimals="0" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17663">323,505</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7679" decimals="-6" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17664">7,980</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7680" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17665">2,923</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7681" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" format="ixt:num-dot-decimal" scale="6" id="f-17666">2,663</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7682" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" format="ixt:num-dot-decimal" scale="6" id="f-17667">5,508</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7683" decimals="0" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17668">6,901</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7684" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-17669">120</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="transactions" contextRef="c-7685" decimals="0" name="san:FinancingReceivablesModificationsNumberOfContracts" format="ixt:num-dot-decimal" scale="0" id="f-17670">1,720</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7686" decimals="-6" name="ifrs-full:FinancialAssets" scale="6" id="f-17671">235</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7687" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" scale="6" id="f-17672">110</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7688" decimals="-6" name="san:LoansAndReceivablesMaximumAmountOfActualCollateralThatCanBeConsidered" scale="6" id="f-17673">5</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7689" decimals="-6" sign="-" name="ifrs-full:FinancialAssets" scale="6" id="f-17674">145</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">356</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-339"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16225-38" continuedAt="f-16225-39"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the amortised cost of financial assets whose contractual cash flows were modified during the year when the corresponding loss adjustment was valued at an amount equal to the expected credit losses over the life of the asset amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-7690" decimals="-6" name="ifrs-full:FinancialAssetsWithContractualCashFlowsModifiedDuringReportingPeriodWhileLossAllowanceMeasuredAtLifetimeExpectedCreditLossesAmortisedCostBeforeModification" format="ixt:num-dot-decimal" scale="6" id="f-17675">3,031</ix:nonFraction> million (<ix:nonFraction unitRef="eur" contextRef="c-7691" decimals="-6" name="ifrs-full:FinancialAssetsWithContractualCashFlowsModifiedDuringReportingPeriodWhileLossAllowanceMeasuredAtLifetimeExpectedCreditLossesAmortisedCostBeforeModification" format="ixt:num-dot-decimal" scale="6" id="f-17676">3,940</ix:nonFraction>&#160;million in 2024), without these modifications having a material impact on the income statement. Also, during 2025, the total of financial assets that have been modified since the initial recognition, and whose correction for expected loss has gone from being valued during the entire life of the asset to the following twelve months, amounts to EUR <ix:nonFraction unitRef="eur" contextRef="c-7692" decimals="-6" name="ifrs-full:FinancialAssetsWithModifiedContractualCashFlowsWhileLossAllowanceMeasuredAtLifetimeExpectedCreditLossesForWhichLossAllowanceChangedDuringReportingPeriodTo12monthExpectedCreditLossesGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-17677">2,092</ix:nonFraction> million (<ix:nonFraction unitRef="eur" contextRef="c-7693" decimals="-6" name="ifrs-full:FinancialAssetsWithModifiedContractualCashFlowsWhileLossAllowanceMeasuredAtLifetimeExpectedCreditLossesForWhichLossAllowanceChangedDuringReportingPeriodTo12monthExpectedCreditLossesGrossCarryingAmount" format="ixt:num-dot-decimal" scale="6" id="f-17678">2,950</ix:nonFraction>&#160;million in 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The transactions presented in the foregoing tables were classified at 31 December 2025 by nature, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Credit impaired: Operations that rest on an inadequate payment scheme will be classified within the non-performing category, regardless they include contract clauses that delay the repayment of the operation throughout regular payments or present amounts written off the balance sheet for being considered irrecoverable.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Performing: Operations not classifiable as non-performing will be classified within this category. Operations will also be classified as normal if they have been reclassified from the non-performing category for complying with the specific criteria detailed below:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A period of a year must have passed from the refinancing or restructuring date.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The owner must have paid for the accrued amounts of the capital and interests, thus reducing the rearranged capital amount, from the date when the restructuring of refinancing operation was formalised.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The owner must not have any other operation with amounts past due by more than <ix:nonNumeric contextRef="c-1" name="san:ForborneLoansPerformingCriteriaNumberOfDaysPastDue" format="ixt-sec:durday" id="f-17679">90</ix:nonNumeric> consecutive days of material delay on the date of the reclassification to the normal risk category.  </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Attending to the credit attention <ix:nonFraction unitRef="number" contextRef="c-7577" decimals="2" name="san:CreditExposurePercentage" scale="-2" id="f-17680">47</ix:nonFraction>% of the forborne loan transactions are classified as other than non-performing. Particularly noteworthy are the level of existing guarantees (<ix:nonFraction unitRef="number" contextRef="c-7694" decimals="2" name="san:LoansAndAdvancesToCustomersSecuredPercentage" scale="-2" id="f-17681">47</ix:nonFraction>% of transactions are secured by collateral) and the coverage provided by specific allowances (representing <ix:nonFraction unitRef="number" contextRef="c-7695" decimals="2" name="san:LoansAndReceivablesPercentageCoveredBySpecificAllowances" scale="-2" id="f-17682">26</ix:nonFraction>% of the total forborne loan portfolio and <ix:nonFraction unitRef="number" contextRef="c-7576" decimals="2" name="san:LoansAndReceivablesPercentageCoveredBySpecificAllowances" scale="-2" id="f-17683">41</ix:nonFraction>% of the non-performing portfolio).</span></div></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1171"></div><ix:continuation id="f-16225-39" continuedAt="f-16225-40"><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="ie941d54abac046e1a063b63957282601"></span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Market, structural and liquidity risk</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1174"></div><ix:continuation id="f-16225-40" continuedAt="f-16225-41"><div style="margin-bottom:3pt;margin-top:6pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="i9b68c15dcb5545ebab3b81ef00d62db5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1. Activities subject to market risk and types of market risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Activities exposed to market risk encompass transactions where risk is assumed as a consequence of potential changes in interest rates, inflation rates, exchange rates, stock prices, credit spreads, commodity prices, volatility and other market factors; the liquidity risk from our products and markets, and the balance-sheet liquidity risk. Therefore, they include trading risks and structural risks.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Interest rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> arises from movements in interest rates that reduce the value of a financial instrument, a portfolio or the Grupo Santander. It can affect loans, deposits, debt securities, most assets and liabilities held for trading, and derivatives. </span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-16225-41" continuedAt="f-16225-42"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Inflation rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> arises from movements in inflation that can reduce the value of a financial instrument, a portfolio or the entire group. It can affect loans, debt securities and derivatives (e.g. inflation swaps and futures) whose profitability is linked to inflation.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Exchange rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss because the currency of a long or open position will depreciate against the base currency. It can affect debt in subsidiaries whose local currency is not the euro, as well as loans denominated in a foreign currency.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Equity risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss from open positions in securities if their market price or expected future dividends fall. It affects shares, stock market indices, convertible bonds and derivatives with shares as the underlying asset (put, call, equity swaps, etc.).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Credit spread risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss from open positions in fixed-income securities or credit derivatives if their yield curve, or the recovery rate of their issuer or type change. A spread is the yield difference between financial instruments against a benchmark (e.g. the internal rate of return (IRR) of government bonds and interbank interest rates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Commodity price risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss from movements in commodity prices. Grupo Santander's commodity exposure is minor and stems mainly from commodity derivatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Volatility risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss caused by movements in interest rates, exchange rates, the stock market, credit spreads and other risk factors affecting portfolio value. It is inherent to all financial instruments whose value considers volatility (especially options contracts).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Derivative contracts (such as options, futures, forwards and swaps) can mitigate market risks partially or fully.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, other more complex coverage market risks are considered, such as correlation risk, market liquidity risk, prepayment or cancellation risk and subscription risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Correlation risk is the possibility of loss due to an adverse correlation between risk variables that affect portfolio value. Risk variables could be the same (e.g. two FX rates) or different (e.g. an interest rate and a commodity price).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market liquidity risk is the possibility that fewer market makers or institutional investors, a large number of transactions, market instability and other factors will cause the Group or a subsidiary to exit a position at a worse market price or trade cost. Exposure to different products and currencies can also increase this risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Pre-payment or cancellation risk originates when mortgages, deposits and other on-balance-sheet instruments give holders the option to buy or sell them, thus altering future cash flows. Potential mismatches on the balance sheet pose a risk since cash flows may have to be reinvested at an interest rate that is potentially lower (assets) or higher (liabilities).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Underwriting risk is the possibility that the bank will have to hold part of a debt issue it has underwritten or agreed to place if it cannot all be placed among potential buyers.</span></div></div></ix:continuation></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">357</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-340"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><ix:continuation id="f-16225-42" continuedAt="f-16225-43"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Balance sheet liquidity risk (unlike market liquidity risk) is the possibility of loss caused by forced disposal of assets or cash flow imbalance if the bank meets its payment obligations late or at excessive cost. It can cause losses by forced asset sales or impacts on margins due to the mismatch between expected cash inflows and outflows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Pension and actuarial risks (explained at the end of this section) also depend on market variables.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander aim to comply with the Basel Committee&#8217;s Fundamental Review of the Trading Book (FRTB) and the EBA&#8217;s Guidelines on the management of interest rate risk arising from non-trading book activities. The purpose of several projects Grupo Santander runs is to provide risk control managers and teams with the best market risk management tools under the right governance framework for the models Grupo Santander uses for metric reporting; and to comply with regulation on the risks mentioned above.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1177"></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0ef6db74df464b1885ebe7bd9881974f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">2<ix:continuation id="f-16225-43" continuedAt="f-16225-44">. Trading market risk management</ix:continuation></span></div><ix:continuation id="f-16225-44" continuedAt="f-16225-45"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Setting market risk limits in a dynamic process according to the risk appetite in the annual limits plan prepared by senior management and extended to all subsidiaries. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The standard methodology for risk management and control in trading, measures the maximum expected loss with a specific level of confidence and time frame. The standard for historical simulation is a confidence level of 99% over one day. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies statistical adjustments efficiently to incorporate recent developments affecting our levels of risk. Our time frame is <ix:nonNumeric contextRef="c-7696" name="san:RiskManagementVaRCalculationTimeFrame" format="ixt-sec:durwordsen" id="f-17684">two years</ix:nonNumeric> or at least <ix:nonNumeric contextRef="c-7697" name="san:RiskManagementVaRCalculationTimeFrame" format="ixt-sec:durday" id="f-17685">520</ix:nonNumeric> days from the reference date of the VaR calculation.</span></div><ix:continuation id="f-2177-7" continuedAt="f-2177-8"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance sheet items in the Group&#8217;s consolidated position that are subject to market risk are shown below, distinguishing those positions for which the main risk metric is VaR from those for which risk monitoring is carried out using other metrics:</span></div></ix:continuation></ix:continuation></div></div><ix:continuation id="f-16225-45" continuedAt="f-16225-46"><ix:continuation id="f-2177-8"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:50.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.418%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.939%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Risk metric values on the consolidated balance sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main market risk metric</span></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main risk factor for 'Other' balance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets&#160;subject&#160;to&#160;market&#160;risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span 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0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-17688">252,318</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7700" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-17689">252,318</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-17690">7,761</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7700" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-17691">5,815</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7701" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-17692">1,946</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-17693">8,046</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7701" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-17694">8,046</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-17695">74,612</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7700" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-17696">2,281</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7701" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-17697">72,331</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-17698">1,202,689</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7701" decimals="-6" name="ifrs-full:FinancialAssetsAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-17699">1,202,689</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-17700">3,931</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7702" decimals="-6" name="ifrs-full:DerivativeFinancialAssetsHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-17701">3,931</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" scale="6" id="f-17702">50</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7699" decimals="-6" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets" scale="6" id="f-17703">50</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:OtherAssets" format="ixt:num-dot-decimal" scale="6" id="f-17704">165,827</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-17705">1,867,515</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities subject to market risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-17706">171,546</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7700" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-17707">171,546</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-17708">42,148</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7701" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" format="ixt:num-dot-decimal" scale="6" id="f-17709">42,148</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-17710">1,421,184</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7701" decimals="-6" name="ifrs-full:FinancialLiabilitiesAtAmortisedCost" format="ixt:num-dot-decimal" scale="6" id="f-17711">1,421,184</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-17712">4,248</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7702" decimals="-6" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" format="ixt:num-dot-decimal" scale="6" id="f-17713">4,248</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" scale="6" id="f-17714">49</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7699" decimals="-6" name="ifrs-full:AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" scale="6" id="f-17715">49</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-17716">115,592</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-17717">1,754,767</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-17718">112,748</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr></table></div></ix:continuation></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">358</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-341"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-46" continuedAt="f-16225-47"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfNatureAndExtentOfRisksByRiskFactorTextBlock" id="f-17719" continuedAt="f-17719-1" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table displays the latest and average VaR values at <ix:nonFraction unitRef="number" contextRef="c-7696" decimals="2" name="san:ValueAtRiskConfidenceLevelPercentage" scale="-2" id="f-17720">99</ix:nonFraction>% by risk factor over the last three years. It also shows the minimum and maximum VaR values in 2025 and <ix:nonFraction unitRef="number" contextRef="c-7696" decimals="3" name="san:ExpectedShortfallConfidenceLevelPercentage" scale="-2" id="f-17721">97.5</ix:nonFraction>% ES at the end of December 2025:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:22.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.201%"/><td style="width:0.1%"/></tr><tr><td colspan="36" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">VaR statistics and expected shortfall by risk factor</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="36" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. VaR at <ix:nonFraction unitRef="number" contextRef="c-7696" decimals="2" name="san:ValueAtRiskConfidenceLevelPercentage" scale="-2" id="f-17722">99</ix:nonFraction>% and ES at <ix:nonFraction unitRef="number" contextRef="c-7696" decimals="3" name="san:ExpectedShortfallConfidenceLevelPercentage" scale="-2" id="f-17723">97.5</ix:nonFraction>% with <ix:nonNumeric contextRef="c-1" name="san:TimeHorizonValueAtRiskAndExpectedShortfallConfidenceLevelPeriod" format="ixt-sec:durwordsen" id="f-17724">one day</ix:nonNumeric> time horizon</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="12" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR&#160;(<ix:nonFraction unitRef="number" contextRef="c-7696" decimals="2" name="san:ValueAtRiskConfidenceLevelPercentage" scale="-2" id="f-17725">99</ix:nonFraction>%)</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ES (<ix:nonFraction unitRef="number" contextRef="c-7696" decimals="3" name="san:ExpectedShortfallConfidenceLevelPercentage" scale="-2" id="f-17726">97.5</ix:nonFraction>%)</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7703" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17727">9.6</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7704" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17728">17.6</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7705" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17729">29.2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17730">18.7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17731">16.9</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7706" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17732">17.1</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7707" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17733">18.7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7708" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17734">11.7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7709" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17735">13.5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7710" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17736">10.7</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7711" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17737">21.0</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7712" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17738">59.3</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7713" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17739">17.7</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7713" decimals="-5" sign="-" name="san:ExpectedShortfall" scale="6" id="f-17740">18.9</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7714" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17741">19.8</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7715" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17742">27.3</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7716" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17743">14.9</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7717" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17744">17.1</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7718" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17745">11.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7719" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17746">16.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7720" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17747">23.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7699" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17748">15.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7699" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17749">16.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7721" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17750">17.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7722" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17751">20.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7723" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17752">12.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7724" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17753">11.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7725" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17754">2.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7726" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17755">6.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7727" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17756">10.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7728" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17757">8.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7728" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17758">7.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7729" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17759">6.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7730" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17760">9.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7731" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17761">3.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7732" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17762">6.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7733" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17763">3.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7734" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17764">7.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7735" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17765">37.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7736" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17766">6.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7736" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17767">5.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7737" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17768">5.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7738" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17769">5.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7739" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17770">5.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7740" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17771">4.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7741" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17772">3.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7742" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17773">5.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7743" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17774">10.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7744" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17775">4.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7744" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17776">4.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7745" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17777">4.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7746" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17778">5.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7747" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17779">4.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7748" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17780">6.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7749" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17781">0.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7750" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17782">2.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7751" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17783">7.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7752" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17784">1.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7752" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17785">1.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7753" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17786">3.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7754" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17787">5.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7755" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17788">1.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7756" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17789">2.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Europe</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7757" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17790">9.6</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7758" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17791">15.0</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7759" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17792">28.2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7760" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17793">13.2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7760" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17794">13.2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7761" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17795">12.7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7762" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17796">16.0</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7763" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17797">9.4</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7764" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17798">11.8</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7765" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17799">8.9</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7766" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17800">18.0</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7767" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17801">32.4</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7768" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17802">15.9</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7768" decimals="-5" sign="-" name="san:ExpectedShortfall" scale="6" id="f-17803">17.8</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7769" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17804">15.4</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7770" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17805">18.4</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7771" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17806">10.5</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7772" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17807">13.8</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7773" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17808">9.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7774" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17809">13.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7775" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17810">19.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7776" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17811">11.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7776" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17812">13.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7777" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17813">12.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7778" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17814">14.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7779" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17815">9.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7780" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17816">8.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7781" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17817">2.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7782" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17818">6.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7783" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17819">11.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7784" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17820">7.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7784" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17821">7.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7785" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17822">5.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7786" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17823">8.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7787" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17824">2.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7788" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17825">5.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7789" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17826">3.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7790" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17827">7.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7791" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17828">19.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7792" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17829">5.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7792" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17830">5.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7793" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17831">5.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7794" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17832">5.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7795" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17833">3.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7796" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17834">5.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7797" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17835">3.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7798" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17836">5.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7799" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17837">10.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7800" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17838">4.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7800" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17839">4.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7801" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17840">4.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7802" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17841">5.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7803" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17842">4.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7804" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17843">6.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7805" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17844">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7806" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17845">0.2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7807" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17846">0.3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7808" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17847">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7808" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17848">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7809" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17849">0.2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7810" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17850">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7811" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17851">0.2</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7812" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17852">0.3</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total North America</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7813" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17853">3.7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7814" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17854">5.8</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7815" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17855">8.9</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7816" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17856">5.5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7816" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17857">5.3</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7817" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17858">6.9</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7818" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17859">6.4</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7819" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17860">4.0</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7820" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17861">5.0</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7821" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17862">0.4</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7822" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17863">1.7</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7823" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17864">6.3</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7824" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17865">1.6</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7824" decimals="-5" sign="-" name="san:ExpectedShortfall" scale="6" id="f-17866">1.8</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7825" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17867">1.1</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7826" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17868">0.8</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7827" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17869">0.7</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7828" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17870">0.5</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7829" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17871">3.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7830" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17872">5.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7831" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17873">8.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7832" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17874">4.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7832" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17875">4.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7833" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17876">6.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7834" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17877">6.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7835" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17878">3.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7836" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17879">5.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7837" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17880">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7838" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17881">0.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7839" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17882">3.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7840" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17883">1.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7840" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17884">1.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7841" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17885">0.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7842" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17886">0.1</ix:nonFraction>&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7843" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17887">0.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7844" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17888">0.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7845" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17889">0.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7846" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17890">0.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7847" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17891">3.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7848" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17892">1.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7848" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17893">1.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7849" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17894">0.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7850" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17895">0.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7851" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17896">0.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7852" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17897">0.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total South America</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7853" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17898">3.2</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7854" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17899">7.6</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7855" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17900">16.5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7856" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17901">5.8</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7856" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17902">5.9</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7857" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17903">9.0</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7858" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17904">9.5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7859" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17905">7.3</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7860" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17906">7.0</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7861" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17907">0.3</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7862" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17908">5.2</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7863" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17909">28.7</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7864" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17910">8.7</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7864" decimals="-5" sign="-" name="san:ExpectedShortfall" scale="6" id="f-17911">6.2</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7865" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17912">6.9</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7866" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17913">5.5</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7867" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17914">6.2</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7868" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17915">6.6</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7869" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17916">2.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7870" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17917">7.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7871" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17918">18.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7872" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17919">4.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7872" decimals="-5" name="san:ExpectedShortfall" scale="6" id="f-17920">3.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7873" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17921">8.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7874" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17922">6.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7875" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17923">7.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7876" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17924">5.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7877" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17925">0.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7878" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17926">1.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7879" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17927">7.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7880" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17928">2.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7880" decimals="-5" name="san:ExpectedShortfall" scale="6" 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In South and North America, VaR levels of credit spreads and commodities are not shown separately due to their low or null materiality.</span></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">VaR at the end of December (EU</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">R <ix:nonFraction unitRef="eur" contextRef="c-7698" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17952">18.7</ix:nonFraction>&#160;million) was only EUR <ix:nonFraction unitRef="eur" contextRef="c-7696" decimals="-4" sign="-" name="san:IncreaseDecreaseComparedToLastYearInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" scale="6" id="f-17953">0.03</ix:nonFraction>&#160;million lower compared to the end of 2024, reflecting sustained high market volatility, ongoing geopolitical risk and concerns over inflation trends, which could pick up again as a result of new US trade policies. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By risk factor, average VaR (EUR <ix:nonFraction unitRef="eur" contextRef="c-7704" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17954">17.6</ix:nonFraction>&#160;million) hig</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">her across several risk factors, especially for foreign exchange, with high market volatility for certain currencies such as the US dollar and the Argentine peso. Temporary spikes in VaR across the different factors generally reflect isolated increases in market price volatility rather than significant changes in positions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By region, average VaR was higher than the 2024 average in Europe, mainly due to interest rate and foreign exchange risk factors, while it was lower in North America and South America.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ibfa0a7b1fe7d4aa68fae528c98e7dc65"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Backtesting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Actual losses can differ from predicted losses because of the VaR&#8217;s limitations. Grupo Santander measures the accuracy of the VaR calculation model to make sure it is reliable. The most important tests Grupo Santander runs involve backtesting:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In hypothetical P&amp;L backtesting and for the total portfolio, two exceptions (a daily loss higher than VaR or a daily gain higher than VaE) were observed in 2025 for VaR at a <ix:nonFraction unitRef="number" contextRef="c-7696" decimals="2" name="san:ValueAtEarningsConfidenceLevelPercentage" scale="-2" id="f-17955"><ix:nonFraction unitRef="number" contextRef="c-7696" decimals="2" name="san:ValueAtRiskConfidenceLevelPercentage" scale="-2" id="f-17956">99</ix:nonFraction></ix:nonFraction>% confidence level, on 9 and 11 April, as a result of high market volatility, mainly driven by uncertainty over the potential impact of new US trade policies.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The exceptions observed in the past year are consistent with the assumptions of the VaR calculation model.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">359</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1180"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-342"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-47" continuedAt="f-16225-48"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia032f756e2bd4e34a25ab01c83fb3290"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">3. Structural balance sheet risks</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i535548d3a1834127a3a53d0be7295962"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.1. Main aggregates and variations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consistent with previous years, the market risk profile of Grupo Santander&#8217;s balance sheet remained moderate in 2025 in terms of asset, shareholders&#8217; equity and NII volumes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each subsidiary&#8217;s finance division manages interest rate risk from commercial banking and is responsible for handling structural risk from interest rate fluctuations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To measure interest rate risk, Grupo Santander uses statistical models based on strategies to mitigate structural risk with interest-rate instruments (such as bonds and derivatives) to keep risk profile within risk appetite.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NII and EVE sensitivities below are based on scenarios of parallel interest rate movements from -100 to +100 basis points.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2d4b3305f22d496b9104e127c128afe8"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural VaR</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With such a homogeneous metric as VaR, Grupo Santander can fully monitor market risk in the banking book (excluding CIB trading activity). The Bank differentiates fixed income based on interest rates and credit spreads in ALCO portfolios, FX rates and shares.</span></div><ix:continuation id="f-17719-1" continuedAt="f-17719-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, the structural VaR of Grupo Santander tota</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">l assets and equity is minor</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><ix:continuation id="f-17719-2"><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:23.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.825%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.941%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td></tr><tr><td colspan="27" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Structural VaR <ix:nonFraction unitRef="number" contextRef="c-7901" decimals="2" name="san:ValueAtRiskConfidenceLevelPercentage" scale="-2" id="f-17957">99</ix:nonFraction>% with a temporary horizon of <ix:nonNumeric contextRef="c-7901" name="san:ValueAtRiskConfidenceLevelTimeFrameHistoricalSimulation" format="ixt-sec:durwordsen" id="f-17958">one day</ix:nonNumeric>.</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7902" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17959">598.5</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7903" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17960">662.9</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7904" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17961">751.9</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7905" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17962">690.1</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7906" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17963">747.7</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7907" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17964">687.5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7908" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17965">705.0</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7909" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17966">749.5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7910" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17967">155.9</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-7911" decimals="-5" sign="-" name="ifrs-full:ValueAtRisk" scale="6" id="f-17968">258.4</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 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0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Interest Rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7918" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17975">158.3</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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id="f-17977">205.8</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7921" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17978">177.6</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7922" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17979">412.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7923" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17980">235.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7924" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17981">348.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7925" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17982">380.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Exchange Rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7926" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17983">486.0</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7927" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17984">597.7</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7928" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17985">648.7</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7929" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17986">572.4</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7930" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17987">571.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7931" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17988">594.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7932" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17989">580.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7933" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17990">642.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Equities</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7934" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17991">110.1</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7935" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17992">146.3</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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id="f-17996">126.5</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7940" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17997">192.8</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7941" decimals="-5" name="ifrs-full:ValueAtRisk" scale="6" id="f-17998">171.1</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt"> Includes credit spread VaR on ALCO portfolios.</span></div></ix:continuation><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8518a862271b445daf6d058eb5fa985b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural interest rate risk</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Europe</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, net interest income (NII) for our main balance sheets showed positive sensitivity to interest rate increases. As of the same date, the economic value of equity (EVE) showed negative sensitivity to interest rate increases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">the end of December 2025, under the scenarios previously described, the most significant NII sensitivity risk was concentrated in the euro, at EUR <ix:nonFraction unitRef="eur" contextRef="c-7942" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-17999">561</ix:nonFraction>&#160;million; the pound sterling, EUR <ix:nonFraction unitRef="eur" contextRef="c-7943" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18000">169</ix:nonFraction>&#160;million; the Polish z&#322;oty, EUR 51&#160;million; and the US dollar, EUR <ix:nonFraction unitRef="eur" contextRef="c-7944" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18001">50</ix:nonFraction>&#160;million, all linked to interest rate cut risk.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most significant risk to the economic value of equity was concentrated in the euro yield curve, at EUR <ix:nonFraction unitRef="eur" contextRef="c-7945" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" format="ixt:num-dot-decimal" scale="6" id="f-18002">1,087</ix:nonFraction>&#160;million; in pound sterling, at EUR <ix:nonFraction unitRef="eur" contextRef="c-7946" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18003">614</ix:nonFraction>&#160;million; the Polish z&#322;oty, at EUR 275&#160;million euros; and the US dollar, at EUR <ix:nonFraction unitRef="eur" contextRef="c-7947" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18004">104</ix:nonFraction>&#160;million euros, all linked to interest rate rise risk.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exposure was moderate in relation to annual budget and capital levels in 2025. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">North America</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, net interest income (NII) for our North America balance sheets showed positive sensitivity to interest rate increases in the United States, while showing negative sensitivity to the same scenario in Mexico. In both cases, the economic value of equity (EVE) showed negative sensitivity to interest rate increases.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exposure was moderate in relation to annual budget and capital levels in 2025.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December 2025, significant risk to NII was mainly in the US and amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-7948" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18005">49</ix:nonFraction>&#160;million.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most significant risk to EVE was in the US and amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-7949" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18006">570</ix:nonFraction>&#160;million.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">South America</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EVE and NII on our main South American balance sheets are generally positioned for interest rate cuts.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">360</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-343"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><ix:continuation id="f-16225-48" continuedAt="f-16225-49"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, exposure across all countries remained moderate in relation to the annual budget and capital levels.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, the most significant risk to NII was mainly in Brazil (EUR <ix:nonFraction unitRef="eur" contextRef="c-7950" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18007">57</ix:nonFraction>&#160;million).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Most significant risk to EVE was recorded in Brazil (EUR <ix:nonFraction unitRef="eur" contextRef="c-7951" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18008">257</ix:nonFraction>&#160;million) and in Chile (EUR <ix:nonFraction unitRef="eur" contextRef="c-7952" decimals="-6" name="san:IncreaseDecreaseInProfitAndLossDueToReasonablyPossibleIncreaseInDesignatedRiskComponent" scale="6" id="f-18009">225</ix:nonFraction>&#160;million).</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i2b37f6b20c8f4432b2eb51e30f3ede6b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural foreign currency rate risk/results hedging</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander's structural FX risk stems mainly from the income and hedging of foreign currency transactions for permanent financial investments. In the dynamic management of this risk, Grupo Santander aims to limit the impact of FX rate movements on the core capital ratio. In 2025, the hedged of the different currencies that have an impact on our core capital ratio was close to <ix:nonFraction unitRef="number" contextRef="c-7953" decimals="2" name="san:PercentOfCoreCapitalRatioCoveredAgainstRisk" scale="-2" id="f-18010">100</ix:nonFraction>%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December 2025, the largest permanent exposures (with their potential impact on equity) were, in this order, in pound sterling, US dollars, Brazilian reais, Mexican pesos, Polish zlotys and Chilean pesos.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses FX derivatives to hedge part of those permanent positions. The Finance division manages FX risk and hedging for the expected profits and dividends of subsidiaries whose base currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i14eb2ea9a129403ba871dd6706dd7559"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural equity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander holds equity positions in its banking and trading books. They are either equity instruments or stock, depending on the share of ownership or control. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December 2025, the equities and shareholdings in the banking book were diversified among Spain, China, Morocco, Poland and other countries. Most of them invest in the financial and insurance sectors. Grupo Santander has minor equity exposure to property and other sectors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Structural equity positions are exposed to market risk. The Group calculates its VaR with a set of market prices and proxies. At the end of the year 2025, VaR at a <ix:nonFraction unitRef="number" contextRef="c-7954" decimals="2" name="san:ValueAtRiskConfidenceLevelPercentage" scale="-2" id="f-18011">99</ix:nonFraction>% confidence level over a <ix:nonNumeric contextRef="c-7954" name="san:ValueAtRiskConfidenceLevelTimeFrameHistoricalSimulation" format="ixt-sec:durwordsen" id="f-18012">one-day</ix:nonNumeric> horizon was</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> EUR </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"><ix:nonFraction unitRef="eur" contextRef="c-7955" decimals="-6" name="ifrs-full:ValueAtRisk" scale="6" id="f-18013">147</ix:nonFraction>&#160;million (EUR <ix:nonFraction unitRef="eur" contextRef="c-7956" decimals="-6" name="ifrs-full:ValueAtRisk" scale="6" id="f-18014">127</ix:nonFraction>&#160;million and EUR <ix:nonFraction unitRef="eur" contextRef="c-7957" decimals="-6" name="ifrs-full:ValueAtRisk" scale="6" id="f-18015">171</ix:nonFraction>&#160;million in 2024 and 2023, respectively). </span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i0814151285264dbe8cbf5f41310861ac"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.2. Methodologies</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="ifd7394a07516488e975975fc35a71247"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural interest rate risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander measures the potential impact of interest rate movements on EVE and NII. Because changing rates may generate impacts, Grupo Santander must manage and control many subtypes of interest rate risk, such as repricing risk, curve risk, basis risk and option risk (e.g. behavioural or automatic).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Interest rate risk in the balance sheet and market conditions and outlooks could necessitate certain financial measures to achieve Grupo Santander's desired risk profile (such as selling positions or setting interest rates on products Grupo Santander markets). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The metrics Grupo Santander uses to monitor IRRBB include NII and EVE sensitivity to interest rate movements.</span></div></div></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16225-49" continuedAt="f-16225-50"><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Net interest income sensitivity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income (NII) is the difference between interest income from assets and the interest cost of liabilities in the banking book over a typical one- to three-year horizon (one year being standard in Grupo Santander). Because NII sensitivity is the difference in income between a selected scenario and the base scenario, its values can be as many as considered scenarios. It enables us to see short-term risks and supplement economic value of equity (EVE) sensitivity.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Economic value of equity sensitivity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Economic value of equity (EVE) is the difference between the current value of all assets minus the current value of all liabilities in the banking book. It does not include shareholders&#8217; equity and non-interest-bearing instruments. The sensitivity of the economic value of own funds is obtained as the difference between said economic value calculated with a selected scenario and that calculated with a base scenario.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Because EVE sensitivity is the difference in EVE between a selected scenario and the base scenario, it can have as many values as considered scenarios. It enables us to see long-term risks and supplement NII sensitivity.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i480b1db7bdd34753b2a4fd729f961a83"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural exchange-rate risk/hedging of results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Every day, Grupo Santander measures FX positions, VaR and P/L.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i497716eef2bc40598b5ea0cddd344c3a"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural equity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander measures equity positions, VaR and P/L.</span></div></ix:continuation><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1186"></div><ix:continuation id="f-16225-50" continuedAt="f-16225-51"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i961bc18cdc8c4162a13769f6b4b8e8e9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">4. Liquidity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Structural liquidity management aims to fund the Group&#8217;s recurring activity optimising maturities and costs, while avoiding taking on undesired liquidity risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander&#8217;s liquidity management is based on the following principles:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Define liquidity risk and provide detailed assessments of current and emerging material liquidity risks.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Define liquidity risk metrics, review and challenge liquidity risk appetite and limits on first line of defence proposals.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Evaluates and challenges commercial/business proposals; It provides senior management and business units with the necessary elements to understand the liquidity risk of Santander's businesses and operations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Supervise the liquidity risk management of the first line of defence and assess the permanence of businesses within the limits of liquidity risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Reports on compliance with risk appetite limits and exceptions, if any, to governing bodies.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provides a consolidated view of liquidity risk exposures and liquidity risk profile.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Confirms the existence of adequate liquidity procedures to manage the business within the limits of risk appetite.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">361</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-344"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-51" continuedAt="f-16225-52"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective application of these principles by all institutions comprising the Group required the development of a unique management framework built upon three fundamental pillars:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A solid organisational and governance model that supports the involvement of the subsidiaries&#8217; senior management in decision-taking and its integration into the Group&#8217;s global strategy. The decision-making process for all structural risks, including liquidity and funding risk, is carried out by local Asset and Liability Committees (ALCOs) in coordination with the global ALCO, which is the body empowered by the Bank's board in accordance with the corporate Asset and Liability Management (ALM) framework.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This governance model has been reinforced as it has been included within Santander's Risk Appetite Framework. This framework meets demands from regulators and market players emanating from the financial crisis to strengthen banks&#8217; risk management and control systems.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In-depth balance sheet analysis and measurement of liquidity risk, supporting decision-taking and its control. The Group objective is to maintains adequate liquidity levels necessary to cover its short- and long-term needs with stable funding sources, optimising the impact of their costs on the income statement. Grupo Santander&#8217;s liquidity risk management processes are contained within a conservative risk appetite framework established in each geographic area in accordance with its commercial strategy. This risk appetite establishes the limits within which the subsidiaries can operate in order to achieve their strategic objectives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Management adapted in practice to the liquidity needs of each business. Every year, based on business needs, a liquidity plan is developed which seeks to achieve:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">a solid balance sheet structure, with a diversified presence in the wholesale markets;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">the use of liquidity buffers and limited encumbrance of assets;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">compliance with both regulatory metrics and other metrics included in each entity&#8217;s risk appetite statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Over the course of the year, all dimensions of the plan are monitored.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander continues to develop the ILAAP (Internal Liquidity Adequacy Assessment Process), an internal self-assessment of liquidity adequacy which must be integrated into the Group&#8217;s other risk management and strategic processes. It focuses on both quantitative and qualitative matters and is used as an input to the SREP (Supervisory Review and Evaluation Process). The ILAAP evaluates the liquidity position both in ordinary and stressed scenarios.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id4633604db344e14a063b8fe9c44fcf5"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">i.<span id="iddd66a3a1ec04309b6a9f456f1d6c741_12537"></span> Liquidity risk measurement</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses the Basel regulatory definition and calculates a set of metrics and stress scenarios in relation to intraday liquidity risk to maintain a high level of management and control. On the one hand, the regulatory liquidity metrics (LCR, NSFR) are prepared following the regulatory criteria established in the CRR 2 and CRD IV. Regarding internal metrics, liquidity scenarios are determined using a combination of behavioral observation in actual liquidity crises occurred at other banks, regulatory assumptions and expert judgment.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i77ad8137d238491891a980d29f071db8"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">a) Liquidity Coverage Ratio (LCR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The liquidity coverage ratio (LCR) is a regulatory metric. Its purpose is to promote the short-term resilience of a bank&#8217;s liquidity profile and make sure it has enough high-quality liquid assets to withstand a considerable idiosyncratic or market stress scenario over 30 calendar days.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4a2088dc7ebb4c7f94df87c15842a067"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">b) Net Stable Funding Ratio (NSFR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net stable funding ratio (NSFR) is a regulatory metric we use to measure long-term liquidity risk. It is the ratio of available stable funding to required stable funding. It requires banks to keep a robust balance sheet, with off-balance-sheet assets and operations financed by stable liabilities.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i330076dffb8246c88382ba2f8d64cb3e"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">c) Liquidity buffer</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The liquidity buffer is the total liquid assets a bank has to cope with cash outflows during periods of stress. The assets are free of encumbrances and can be used immediately to generate liquidity without losses or excessive discounts. The liquidity buffer is a tool for calculating most liquidity metrics. It is also a metric with defined limits for each subsidiary.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i12044e75974e499f96d7213ea7b9f141"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">d) Wholesale liquidity metric</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The wholesale liquidity metric measures the number of days Grupo Santander would survive if it used liquid assets to cover lost liquidity from a wholesale deposit run-off (without possible renewal) over a set time horizon. Grupo Santander also uses it as an internal short-term liquidity metric to reduce risk from dependence on wholesale funding.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iec4cd74039d9440b9a9912f13314a7ea"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">e) Asset Encumbrance metrics</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander calculates two metrics to measure asset encumbrance risk. On the one hand, the asset encumbrance ratio gives the proportion of encumbered assets to total assets; on the other, the structural asset encumbrance ratio gives the proportion of encumbered assets by structural funding transaction (namely long-term collateralized issues and credit transactions with central banks).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0082792b661348e4b664760318dd9075"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">f) Other additional liquidity indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to traditional tools to measure short and long-term liquidity and funding risk, Grupo Santander has a set of additional liquidity indicators to complement those and to measure other non-covered liquidity risk factors. These include concentration metrics, such as the main and the five largest funding counterparties, or the distribution of funding by maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this sense, deposits do not show a tendency towards concentration, maintaining a stable structure at 31 December 2024, where approximately <ix:nonFraction unitRef="number" contextRef="c-2" decimals="2" name="san:TransactionalDepositsPercentage" scale="-2" id="f-18016">75</ix:nonFraction>% are transactional and more than <ix:nonFraction unitRef="number" contextRef="c-2" decimals="2" name="san:DepositInsuredWithDepositGuaranteeSystemsRetailDepositsPercentage" scale="-2" id="f-18017">80</ix:nonFraction>% of retail deposits are insured by deposit guarantee systems of the different countries.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">362</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-345"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-52" continuedAt="f-16225-53"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i130c0a567490429ab6fdabc9d172624c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">g) Liquidity scenario analysis</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:107%">As liquidity stress tests, <ix:nonFraction unitRef="scenario" contextRef="c-7958" decimals="INF" name="san:LiquidityRiskNumberOfStandardScenariosDefined" format="ixt-sec:numwordsen" scale="0" id="f-18018">five</ix:nonFraction> standard scenarios have been defined:</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:9.97pt">An idiosyncratic scenario of events detrimental only to Santander;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.94pt">a local market scenario of events highly detrimental to a base country&#8217;s financial system or real economy;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.91pt">a global market scenario of events highly detrimental to the global financial system; and</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.94pt">combined scenario consisting of a combination of more severe idiosyncratic and market events (local and global) occurring simultaneously and interactively. </span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">v.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.97pt">climate scenarios where different stress cases derived from the effects that climate change could have on the economy are collected.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses these stress test outcomes as tools to determine risk appetite and support business decision-making.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8dcf1775dd6b4837967c7719b1605c24"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">h) Liquidity early warning indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Early warning indicator system consists of quantitative and qualitative liquidity indicators that help predict stress situations and weaknesses in the funding and liquidity structure of Grupo Santander entities. External indicators relate to market-based financial variables; internal indicators relate to our own performance.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibe9667c72272427e9af7cacae183b23b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">i) Intraday liquidity metrics</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander follows Basel regulation and calculates several metrics and stress scenarios for intraday liquidity risk to maintain a high level of control.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i81e8c762c7a04f59abe3fc3d8615913e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">ii. Liquidity coverage ratio and net stable financing ratio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The regulatory requirement for the LCR ratio has been set at 100% since 2018.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of the Group's liquid assets composition according to the criteria established in the supervisory prudential information (Commission Implementing Regulation (EU) 2017/2114 of 9 November 2017) for the determination of high-quality liquid assets for the calculation of the LCR ratio (HQLA):</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfHighQualityLiquidAssetsTableTextBlock" id="f-18019" escape="true"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:47.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.186%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash and reserves available at central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7959" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18020">150,883</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7960" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18021">188,745</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7961" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18022">217,935</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7962" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18023">173,744</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7963" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18024">150,912</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7964" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18025">119,043</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7965" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18026">5,726</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7966" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18027">4,696</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7967" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18028">4,236</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2B</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7968" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18029">7,584</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7969" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18030">6,951</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7970" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18031">6,814</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total high-quality liquid assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7971" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18032">337,937</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7972" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18033">351,304</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7973" decimals="-6" name="san:HighQualityLiquidAssets" format="ixt:num-dot-decimal" scale="6" id="f-18034">348,028</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfLiquidityCoverageRatioByComponentTableTextBlock" id="f-18035" escape="true"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:47.048%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.183%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.186%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs (numerator)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7971" decimals="-6" name="san:HighQualityLiquidAssetsAdjusted" format="ixt:num-dot-decimal" scale="6" id="f-18036">301,618</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7972" decimals="-6" name="san:HighQualityLiquidAssetsAdjusted" format="ixt:num-dot-decimal" scale="6" id="f-18037">315,524</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7973" decimals="-6" name="san:HighQualityLiquidAssetsAdjusted" format="ixt:num-dot-decimal" scale="6" id="f-18038">348,028</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total net cash outflows (denominator)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7958" decimals="-6" name="san:HighQualityLiquidAssetsCashOutflowInflow" format="ixt:num-dot-decimal" scale="6" id="f-18039">208,388</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7974" decimals="-6" name="san:HighQualityLiquidAssetsCashOutflowInflow" format="ixt:num-dot-decimal" scale="6" id="f-18040">206,889</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7975" decimals="-6" name="san:HighQualityLiquidAssetsCashOutflowInflow" format="ixt:num-dot-decimal" scale="6" id="f-18041">209,892</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash outflows</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7958" decimals="-6" name="san:HighQualityLiquidAssetsCashOutflow" format="ixt:num-dot-decimal" scale="6" id="f-18042">287,044</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7974" decimals="-6" name="san:HighQualityLiquidAssetsCashOutflow" format="ixt:num-dot-decimal" scale="6" id="f-18043">278,760</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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id="f-18045">78,656</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7974" decimals="-6" name="san:HighQualityLiquidAssetsCashInflow" format="ixt:num-dot-decimal" scale="6" id="f-18046">71,871</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7975" decimals="-6" name="san:HighQualityLiquidAssetsCashInflow" format="ixt:num-dot-decimal" scale="6" id="f-18047">73,090</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated LCR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7971" decimals="2" name="san:ConsolidatedLiquidityCoverageRatio" scale="-2" id="f-18048">145</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7972" decimals="2" name="san:ConsolidatedLiquidityCoverageRatio" scale="-2" id="f-18049">153</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7973" decimals="2" name="san:ConsolidatedLiquidityCoverageRatio" scale="-2" id="f-18050">166</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group LCR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7971" decimals="2" name="san:GroupLiquidityCoverageRatio" scale="-2" id="f-18051">155</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7972" decimals="2" name="san:GroupLiquidityCoverageRatio" scale="-2" id="f-18052">168</ix:nonFraction></span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NSFR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7971" decimals="2" name="san:NetStableFundingRatio" scale="-2" id="f-18053">126</ix:nonFraction></span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7972" decimals="2" name="san:NetStableFundingRatio" scale="-2" id="f-18054">126</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-7973" decimals="2" name="san:NetStableFundingRatio" scale="-2" id="f-18055">123</ix:nonFraction></span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since 2024, the calculation of the consolidated LCR ratio has been updated to comply with a series of requirements regarding asset transferability restrictions in third countries. This new consolidated ratio includes an adjustment whereby any excess liquidity above 100% of LCR outflows, which is subject to transferability restrictions (legal or operational) in third countries, is not taken into account. This applies even if the surplus liquidity can be used to cover additional outflows within the country itself, which is not subject to any restrictions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The total high-quality liquid assets differ from the high-quality liquid assets (HQLAs) considered as the numerator within the consolidated LCR ratio, due to the aforementioned adjustment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, since 2024, we have been calculating a Group LCR ratio using an internal methodology that determines the minimum common coverage percentage simultaneously across all the Group's markets and considers all existing restrictions on liquidity transfers in third countries. This methodology reflects the Group's resilience to liquidity risk more accurately and the internal ratio presents a level that is consistent with what would be achieved by applying the criteria followed until mid-2024, which did not include restrictions on liquidity transfers between subsidiaries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the net stable funding ratio (NSFR), its definition was approved by the Basel Committee in October 2014. The transposition of this requirement into European regulation took place in June 2019 with the publication in the Official Journal of the European Union of Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019. The Regulation establishes that entities must have a net stable funding ratio, as defined in the Regulation, above 100% from June 2021.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As for the funding structure, given the inherently commercial nature of the Group's balance sheet, the loan portfolio is mainly financed by customer deposits. In note 22, 'Debt securities,' the composition of these liabilities is presented based on their nature and classification, the movements and maturity profile of the debt securities issued by the Group, reflecting the strategy of diversification by products, markets, issuers, and terms followed by the Group in its approach to wholesale markets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5ac3dded9c2b440a9266b0423c0b9a10"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">iii. Asset encumbrance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, the moderate use of assets by Grupo Santander as collateral in the sources of structural financing of the balance sheet should be highlighted.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">363</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-346"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-53" continuedAt="f-16225-54"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with the guidelines established by the European Banking Authority (EBA) in 2014 on committed and uncommitted assets, the concept of assets committed in financing transactions (asset encumbrance) includes both on-balance sheet assets provided as collateral in transactions to obtain liquidity and off-balance sheet assets that have been received and reused for similar purposes, as well as other assets associated with liabilities for reasons other than financing.</span></div><ix:nonNumeric contextRef="c-1" name="ifrs-full:DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskExplanatory" id="f-18056" continuedAt="f-18056-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The residual maturities of the liabilities associated with the assets and guarantees received and committed are presented below, as of 31 of December of 2025 (EUR billion):</span></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><ix:continuation id="f-18056-1"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:12.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.788%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.574%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Residual maturities of the liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unmatured</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&lt;=1month</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;1 month<br/>&lt;=3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;3 months<br/>&lt;=12 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;1 year<br/>&lt;=2 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;2 years<br/>&lt;=3 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 years<br/>&lt;=5 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5 years<br/>&lt;=10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Committed assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7976" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18057">24.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7977" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18058">50.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7978" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18059">14.1</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7979" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18060">38.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7980" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18061">38.8</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7981" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18062">29.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7982" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18063">37.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7983" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18064">36.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7984" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18065">36.6</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7985" decimals="-8" name="san:CommittedAssetsIncludingOwnDebtSecuritiesOtherThanCoveredBondsAndAssetBackedSecurities" scale="9" id="f-18066">306.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Guarantees received committed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7986" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18067">2.2</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7987" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18068">85.2</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7988" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18069">28.2</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7989" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18070">61.8</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7990" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18071">4.0</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7991" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18072">0.8</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7992" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18073">1.9</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7993" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18074">1.1</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7994" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" format="ixt:fixed-zero" scale="9" id="f-18075">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7995" decimals="-8" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" scale="9" id="f-18076">185.2</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation><ix:nonNumeric contextRef="c-1" name="ifrs-full:DescriptionOfManagingLiquidityRisk" id="f-18077" continuedAt="f-18077-1" escape="true"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The reported Group information as required by the EBA at 2025 year-end is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.643%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On-balance-sheet encumbered assets</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span 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decimals="-8" name="ifrs-full:Assets" scale="9" id="f-18080">11.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7998" decimals="-8" name="san:IFRSAssetsFairValueDisclosure" scale="9" id="f-18081">11.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7999" 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contextRef="c-7995" decimals="-5" name="san:FairValueOfEncumberedCollateralReceivedOrOwnDebtSecuritiesIssued" scale="9" id="f-18092">185.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-7995" decimals="-5" name="san:FairValueOfCollateralReceivedOrOwnDebtSecuritiesIssuedAvailableForEncumbrance" scale="9" id="f-18093">70.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span 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name="san:FairValueOfCollateralReceivedOrOwnDebtSecuritiesIssuedAvailableForEncumbrance" format="ixt:fixed-zero" scale="9" id="f-18095">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8006" decimals="-5" name="san:FairValueOfEncumberedCollateralReceivedOrOwnDebtSecuritiesIssued" scale="9" id="f-18096">12.2</ix:nonFraction>&#160;</span></td><td 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8010" decimals="-8" name="san:AssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilitiesAssetsCarryingValue" scale="9" id="f-18105">491.5</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></div></ix:continuation></ix:continuation><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><ix:continuation id="f-16225-55" continuedAt="f-16225-56"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On-balance-sheet encumbered assets amounted to EUR&#160;<ix:nonFraction unitRef="eur" contextRef="c-7985" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-18106">304,923</ix:nonFraction>&#160;million, of which close to <ix:nonFraction unitRef="number" contextRef="c-8011" decimals="2" name="san:AssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilitiesPercentOfTotal" scale="-2" id="f-18107">50</ix:nonFraction>% are loans (mortgage loans, corporate loans, etc.). Guarantees received committed amounted to EUR <ix:nonFraction unitRef="eur" contextRef="c-7995" decimals="-6" name="ifrs-full:AssetsSoldOrRepledgedAsCollateralAtFairValue" format="ixt:num-dot-decimal" scale="6" id="f-18108">185,160</ix:nonFraction>&#160;million, relating mostly to debt securities received as security in asset purchase transactions and re-used. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Taken together, these <ix:nonFraction unitRef="remuneration_component" contextRef="c-8012" decimals="INF" name="san:CollateralAssetsNumberOfCategories" format="ixt-sec:numwordsen" scale="0" id="f-18109">two</ix:nonFraction> categories represent a total of EUR <ix:nonFraction unitRef="eur" contextRef="c-8010" decimals="-6" name="san:AssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilitiesAssetsCarryingValue" format="ixt:num-dot-decimal" scale="6" id="f-18110">491,519</ix:nonFraction>&#160;million of encumbered assets, which give rise to EUR <ix:nonFraction unitRef="eur" contextRef="c-8010" decimals="-6" name="san:AssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilitiesAssociatedLiabilitiesCarryingValue" format="ixt:num-dot-decimal" scale="6" id="f-18111">472,045</ix:nonFraction>&#160;million matching liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of December 2025, total asset encumbrance in funding operations represented <ix:nonFraction unitRef="number" contextRef="c-7958" decimals="3" name="san:AssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilitiesPercentOfTotal" scale="-2" id="f-18112">23.1</ix:nonFraction>% of the Group&#8217;s extended balance sheet under EBA criteria (total assets plus guarantees received: EUR <ix:nonFraction unitRef="eur" contextRef="c-7971" decimals="-6" name="san:TotalEncumberedAssetsCarryingValue" format="ixt:num-dot-decimal" scale="6" id="f-18113">2,122,932</ix:nonFraction>&#160;million), similar to December 2024.</span></div></ix:continuation><div style="margin-bottom:9pt"><span><br/></span></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1189"></div><ix:continuation id="f-16225-56" continuedAt="f-16225-57"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i300abcc3814d43299c237a56b0bccbc4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d)&#160;Capital risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The second line of defence can independently challenge business and first-line activities by:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Supervising capital planning and adequacy exercises through a review of the main components affecting the capital ratios.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Identifying key metrics to calculate the Group&#8217;s regulatory capital, setting tolerance levels and analysing significant variations, as well as single transactions with impact on capital.</span></div></ix:continuation></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">364</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-347"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-57" continuedAt="f-16225-58"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Reviewing and challenging the execution of capital actions proposed in line with capital planning and risk appetite.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander commands a sound solvency position, above the levels required by regulators and by the European Central bank.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie664c9da0d6b44e3874d8d25732e8429"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Regulatory capital</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, at a consolidated level, the Group must main</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">tain a minimum capital ratio of <ix:nonFraction unitRef="number" contextRef="c-8013" decimals="4" name="san:CommonEquityTierOneCapitalRatio1" scale="-2" id="f-18114">9.84</ix:nonFraction>% of CET1 ( <ix:nonFraction unitRef="number" contextRef="c-8013" decimals="4" name="san:CommonEquityPillarOneCapitalRatio" scale="-2" id="f-18115">4.50</ix:nonFraction>% being the requirement for Pillar I, <ix:nonFraction unitRef="number" contextRef="c-8013" decimals="4" name="san:CommonEquityPillarTwoCapitalRatio" scale="-2" id="f-18116">0.98</ix:nonFraction>% being the requirement for Pillar 2R (requirement), <ix:nonFraction unitRef="number" contextRef="c-8013" decimals="4" name="san:CommonEquityCapitalConservationBufferPercentage" scale="-2" id="f-18117">2.50</ix:nonFraction>% being the requirement for capital conservation&#160;buffer, <ix:nonFraction unitRef="number" contextRef="c-8013" decimals="4" name="san:CommonEquityTierOneCapitalRatioGlobalSystemicallyImportantEntity" scale="-2" id="f-18118">1.25</ix:nonFraction>% being the requirement for global systemically entity (D-SIB), <ix:nonFraction unitRef="number" contextRef="c-2075" decimals="4" name="san:CommonEquityTierOneCapitalCountercyclicalBufferPercentage" scale="-2" id="f-18119">0.55</ix:nonFraction>% being the requirement for anti-cyclical capital buffer) and a systemic risk requirement of <ix:nonFraction unitRef="number" contextRef="c-2075" decimals="4" name="san:CommonEquityTierOneCapitalSystematicRiskRequirement" scale="-2" id="f-18120">0.05</ix:nonFraction>%</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander must also maintain a minimum capital ratio of <ix:nonFraction unitRef="number" contextRef="c-8013" decimals="4" name="san:IFRSTierOneRiskBasedCapitalToRiskWeightedAssets" scale="-2" id="f-18121">11.66</ix:nonFraction>% of tier 1 and a minimum total ratio of <ix:nonFraction unitRef="number" contextRef="c-8013" decimals="4" name="san:IFRSCapitalToRiskWeightedAssets" scale="-2" id="f-18122">14.10</ix:nonFraction>%.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the solvency target set was achieved. Santander&#8217;s CET1 ratio stood at <ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:CommonEquityTierOneCapitalRatio1" scale="-2" id="f-18123">13.46</ix:nonFraction>%</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">1 </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">at t</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">he close of the&#160;year, demonstrating its organic capacity to generate capital. <ix:nonNumeric contextRef="c-1" name="san:ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTableTextBlock" id="f-18124" continuedAt="f-18124-1" escape="true">The key regulatory capital figures are indicated below:</ix:nonNumeric></span></div><ix:continuation id="f-18124-1" continuedAt="f-18124-2"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"/><td style="width:53.389%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.071%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Reconciliation of accounting capital with regulatory capital</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subscribed capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18125">7,345</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18126">7,576</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18127">8,092</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share premium account</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:SharePremium" format="ixt:num-dot-decimal" scale="6" id="f-18128">36,792</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:RegulatoryCapitalAdjustmentToRemoveIntangibleAssetsAndGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-18155">15,037</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:RegulatoryCapitalAdjustmentToRemoveIntangibleAssetsAndGoodwill" format="ixt:num-dot-decimal" scale="6" id="f-18156">16,098</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" 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style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:SubordinatedLiabilitiesPreferenceSharesAndPreferredSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18158">9,645</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:SubordinatedLiabilitiesPreferenceSharesAndPreferredSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18159">10,371</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:SubordinatedLiabilitiesPreferenceSharesAndPreferredSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18160">9,002</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:RegulatoryCapitalAdjustmentAccruedDividend" format="ixt:num-dot-decimal" scale="6" id="f-18161">1,827</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:RegulatoryCapitalAdjustmentAccruedDividend" format="ixt:num-dot-decimal" scale="6" id="f-18162">1,611</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:RegulatoryCapitalAdjustmentAccruedDividend" format="ixt:num-dot-decimal" scale="6" id="f-18163">1,471</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other adjustments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:RegulatoryCapitalOtherAdjustments" format="ixt:num-dot-decimal" scale="6" id="f-18164">11,146</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:RegulatoryCapitalOtherAdjustments" format="ixt:num-dot-decimal" scale="6" id="f-18165">9,817</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:RegulatoryCapitalOtherAdjustments" format="ixt:num-dot-decimal" scale="6" id="f-18166">8,717</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:IfrsCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18167">94,383</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:IfrsCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18168">90,172</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:IfrsCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18169">85,742</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Fundamentally for non-computable non-controlling interests and deductions and reasonable filters in compliance with CRR.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Figures calculated by applying the transitional provisions of CRR 3.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Assumes <ix:nonFraction unitRef="number" contextRef="c-1" decimals="2" name="san:RegulatoryCapitalAdjustmentAccruedDividendOrdinaryProfitAssumptionPercentage" scale="-2" id="f-18170">25</ix:nonFraction>% of underlying profit, see note 4.a for proposed distribution of results.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Certain figures presented in this capital note have been rounded for ease of presentation. Consequently, the amounts corresponding to the rows or columns of totals in the tables presented in this note may not coincide with the arithmetic sum of the concepts or items that make up the total.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">1 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Data calculated applying the transitional provisions of CRR 3.</span></div></ix:continuation></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><ix:continuation id="f-18124-2"><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the capital coefficients and a detail of the eligible internal resources of the Group:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:50.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.951%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Capital coefficients</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:CommonEquityTierOneCapitalRequiredForCapitalAdequacy1" format="ixt:num-dot-decimal" scale="6" id="f-18171">84,739</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:CommonEquityTierOneCapitalRequiredForCapitalAdequacy1" format="ixt:num-dot-decimal" scale="6" id="f-18172">79,800</ix:nonFraction></span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:CommonEquityTierOneCapitalRequiredForCapitalAdequacy1" format="ixt:num-dot-decimal" scale="6" id="f-18173">76,741</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18174">9,645</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18175">10,371</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18176">9,002</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:IfrsTierTwoRiskBasedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18177">17,460</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:IfrsTierTwoRiskBasedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18178">18,418</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:IfrsTierTwoRiskBasedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18179">16,497</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:IfrsRiskWeightedAssets" format="ixt:num-dot-decimal" scale="6" id="f-18180">629,430</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:IfrsRiskWeightedAssets" format="ixt:num-dot-decimal" scale="6" id="f-18181">624,503</ix:nonFraction></span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:IfrsRiskWeightedAssets" format="ixt:num-dot-decimal" scale="6" id="f-18182">623,731</ix:nonFraction></span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary capital coefficient (CET 1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:CommonEquityTierOneCapitalRatio1" scale="-2" id="f-18183">13.46</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="san:CommonEquityTierOneCapitalRatio1" scale="-2" id="f-18184">12.78</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="san:CommonEquityTierOneCapitalRatio1" scale="-2" id="f-18185">12.30</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional capital coefficient (AT1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapitalPercentageOfRiskWeightedAssets" scale="-2" id="f-18186">1.53</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapitalPercentageOfRiskWeightedAssets" scale="-2" id="f-18187">1.66</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapitalPercentageOfRiskWeightedAssets" scale="-2" id="f-18188">1.45</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 capital coefficient (TIER1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:IFRSTierOneRiskBasedCapitalToRiskWeightedAssets" scale="-2" id="f-18189">15.00</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="san:IFRSTierOneRiskBasedCapitalToRiskWeightedAssets" scale="-2" id="f-18190">14.44</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="san:IFRSTierOneRiskBasedCapitalToRiskWeightedAssets" scale="-2" id="f-18191">13.75</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 capital coefficient (TIER 2)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:IFRSTierTwoRiskBasedCapitalToRiskWeightedAssets" scale="-2" id="f-18192">2.77</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="san:IFRSTierTwoRiskBasedCapitalToRiskWeightedAssets" scale="-2" id="f-18193">2.95</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="san:IFRSTierTwoRiskBasedCapitalToRiskWeightedAssets" scale="-2" id="f-18194">2.64</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total capital coefficient</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-2" decimals="4" name="san:IFRSCapitalToRiskWeightedAssets" scale="-2" id="f-18195">17.77</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-3" decimals="4" name="san:IFRSCapitalToRiskWeightedAssets" scale="-2" id="f-18196">17.39</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-4" decimals="4" name="san:IFRSCapitalToRiskWeightedAssets" scale="-2" id="f-18197">16.39</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:50.751%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.949%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.951%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Eligible&#160;capital</span></td><td colspan="3" style="padding:0 1pt"/><td 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Eligible&#160;capital</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Common Equity Tier I</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:CommonEquityTierOneCapitalRequiredForCapitalAdequacy1" format="ixt:num-dot-decimal" scale="6" id="f-18198">84,739</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:CommonEquityTierOneCapitalRequiredForCapitalAdequacy1" format="ixt:num-dot-decimal" scale="6" id="f-18199">79,800</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:CommonEquityTierOneCapitalRequiredForCapitalAdequacy1" format="ixt:num-dot-decimal" scale="6" id="f-18200">76,741</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18201">7,345</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18202">7,576</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="ifrs-full:IssuedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18203">8,092</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Treasure shares and own shares financed</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:TreasurySharesHeldAndFinanced" format="ixt:num-dot-decimal" scale="6" id="f-18204">1,892</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:CapitalReserveCommonEquityTierOneBasis" format="ixt:num-dot-decimal" scale="6" id="f-18211">76,608</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:CapitalReserveCommonEquityTierOneBasis" format="ixt:num-dot-decimal" scale="6" id="f-18212">68,721</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:ProfitLossNetOfDividends" format="ixt:num-dot-decimal" scale="6" id="f-18220">9,431</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:ProfitLossNetOfDividends" format="ixt:num-dot-decimal" scale="6" id="f-18221">8,307</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deductions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:EligibleCapitalDeductions" format="ixt:num-dot-decimal" scale="6" id="f-18222">21,863</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander 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style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Additional Tier I</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18231">9,645</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18232">10,371</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:TierOneCapitalInExcessOfCommonEquityTierOneCapital" format="ixt:num-dot-decimal" scale="6" id="f-18233">9,002</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments AT1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:EligibleCapitalEligibleInstrumentsAdditionalTierOne" format="ixt:num-dot-decimal" scale="6" id="f-18234">8,937</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:EligibleCapitalEligibleInstrumentsAdditionalTierOne" format="ixt:num-dot-decimal" scale="6" id="f-18235">9,725</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:EligibleCapitalEligibleInstrumentsAdditionalTierOne" format="ixt:num-dot-decimal" scale="6" id="f-18236">8,461</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AT1-excesses-subsidiaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:ExcessTierOneRiskBasedCapitalSubsidiaries" scale="6" id="f-18237">708</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:ExcessTierOneRiskBasedCapitalSubsidiaries" scale="6" id="f-18238">645</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:ExcessTierOneRiskBasedCapitalSubsidiaries" scale="6" id="f-18239">541</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier II</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:IfrsTierTwoRiskBasedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18240">17,460</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:IfrsTierTwoRiskBasedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18241">18,418</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:IfrsTierTwoRiskBasedCapital" format="ixt:num-dot-decimal" scale="6" id="f-18242">16,497</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments T2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:SubordinatedLiabilitiesPreferenceSharesAndParticipatingSecuritiesTierTwoCapital" format="ixt:num-dot-decimal" scale="6" id="f-18243">17,754</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:SubordinatedLiabilitiesPreferenceSharesAndParticipatingSecuritiesTierTwoCapital" format="ixt:num-dot-decimal" scale="6" id="f-18244">18,869</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:SubordinatedLiabilitiesPreferenceSharesAndParticipatingSecuritiesTierTwoCapital" format="ixt:num-dot-decimal" scale="6" id="f-18245">17,101</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Excess IRB provision on PE</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:InstitutionalReviewBoardGeneralFundsAndSurplusLoansLossProvision" format="ixt:fixed-zero" scale="6" id="f-18246">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:InstitutionalReviewBoardGeneralFundsAndSurplusLoansLossProvision" format="ixt:fixed-zero" scale="6" id="f-18247">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:InstitutionalReviewBoardGeneralFundsAndSurplusLoansLossProvision" scale="6" id="f-18248">76</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">T2-excesses -&#160;subsidiaries</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" sign="-" name="san:ExcessTierTwoRiskBasedCapitalSubsidiaries" scale="6" id="f-18249">294</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" sign="-" name="san:ExcessTierTwoRiskBasedCapitalSubsidiaries" scale="6" id="f-18250">450</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" sign="-" name="san:ExcessTierTwoRiskBasedCapitalSubsidiaries" scale="6" id="f-18251">680</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total eligible capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:EligibleCapital" format="ixt:num-dot-decimal" scale="6" id="f-18252">111,845</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:EligibleCapital" format="ixt:num-dot-decimal" scale="6" id="f-18253">108,589</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:EligibleCapital" format="ixt:num-dot-decimal" scale="6" id="f-18254">102,240</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Banco Santander, S.A. and its affiliates had not taken part in any State aid programmes.</span></div></div></ix:continuation></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">365</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-348"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-16225-58"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5cacc9f189a042df8bf6418019408da5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Leverage ratio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Basel III established the leverage ratio as a non-risk sensitive measure aimed at limiting excessive balance sheet growth relative to available capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group performs the calculation in accordance with Regulation (EU) 2019/876 of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This ratio is calculated as tier&#160;1 capital divided by leverage exposure. Exposure is calculated as the sum of the following items:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Accounting assets, excluding derivatives and items treated as deductions from tier&#160;1 capital (for example, the balance of loans is included, but not that of goodwill) further excluding the exposures referred to in Article 429.a (1) of the regulation.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Off-balance-sheet items (mainly guarantees, unused credit limits granted and documentary credits) weighted using credit conversion factors.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inclusion of net value of derivatives (gains and losses are netted with the same counterparty, minus collaterals if they comply with certain criteria) plus a charge for the future potential exposure.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A charge for the potential risk of security funding transactions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Lastly, it includes a charge for the risk of credit derivative swaps (CDS).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the publication of Regulation (EU) 2019/876 of 20 May, 2019, amending Regulation (EU) n.&#186; 575/2013 as regards the leverage ratio, the final calibration of the ratio is set at 3% for all entities and, for systemic entities G-SIB, is established an additional surcharge which would be 50% of the cushion ratio applicable to the EISM, applicable from January 2023. In addition, modifications are included in its calculation, including the exclusion of certain exposures from the total exposure measure: public loans when exceptional circumstances arise, public loans, transfer loans and officially guaranteed export credits, transfer loans and officially guaranteed export credits.</span></div><ix:nonNumeric contextRef="c-1" name="san:ScheduleOfLeverageCapitalAndRatioTableTextBlock" id="f-18255" escape="true"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"/><td style="width:40.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.346%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 Capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:IfrsTierOneLeverageCapital" format="ixt:num-dot-decimal" scale="6" id="f-18256">94,385</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:IfrsTierOneLeverageCapital" format="ixt:num-dot-decimal" scale="6" id="f-18257">90,170</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:IfrsTierOneLeverageCapital" format="ixt:num-dot-decimal" scale="6" id="f-18258">85,742</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exposure</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-2" decimals="-6" name="san:TierOneLeverageCapitalExposureAverageAssets" format="ixt:num-dot-decimal" scale="6" id="f-18259">1,924,349</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-3" decimals="-6" name="san:TierOneLeverageCapitalExposureAverageAssets" format="ixt:num-dot-decimal" scale="6" id="f-18260">1,885,572</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-4" decimals="-6" name="san:TierOneLeverageCapitalExposureAverageAssets" format="ixt:num-dot-decimal" scale="6" id="f-18261">1,826,922</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage Ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:IFRSTierOneLeverageCapitalToAverageAssets" scale="-2" id="f-18262">4.90</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-86" decimals="4" name="san:IFRSTierOneLeverageCapitalToAverageAssets" scale="-2" id="f-18263">4.78</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-87" decimals="4" name="san:IFRSTierOneLeverageCapitalToAverageAssets" scale="-2" id="f-18264">4.69</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></ix:nonNumeric></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="if5d8b6ca095b4d51accfab867239f9b2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Global systemically important banks</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander is one of <ix:nonFraction unitRef="banks" contextRef="c-1" decimals="INF" name="san:NumberOfBanksDesignatedAsGlobalSystemicallyImportantBanks" scale="0" id="f-18265">29</ix:nonFraction> banks designated as global systemically important banks (G-SIBs).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The designation as a globally systemic entity comes from a measurement established by the regulators (FSB and BCBS) that they have implemented based on <ix:nonFraction unitRef="indicator" contextRef="c-1" decimals="INF" name="san:GlobalSystemicallyImportantBankDesignationNumberOfCriteria" format="ixt-sec:numwordsen" scale="0" id="f-18266">five</ix:nonFraction> indicators (size, interjurisdictional activity, interconnection with other financial entities, substitutability and complexity). The list uses data as of the end of 2024 and is based on a methodology agreed in July 2018 and implemented for the first time in the assessment of G-SIBs as of the end of 2021, incorporating, among other things, an additional score considering the Member States of the SRM as a single jurisdiction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This definition means it has to fulfil certain additional requirements, which consist mainly of a capital buffer (<ix:nonFraction unitRef="number" contextRef="c-1" decimals="INF" name="san:GlobalSystemicallyImportantBanksCapitalBufferPercentage" scale="-2" id="f-18267">1</ix:nonFraction>%), in TLAC requirements (total loss absorbing capacity), that Grupo Santander has to publish relevant information more frequently than other banks, greater regulatory requirements for internal control bodies, special supervision and drawing up of special reports to be submitted to supervisors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, Grupo Santander appears both on the list of global systemic entities and on the list of domestic systemic entities. Bank of Spain, based on rule 23 of Circular 2/2016, requires the application of the highest of the <ix:nonFraction unitRef="branch" contextRef="c-2" decimals="INF" name="san:NumberOfCapitalBuffer" format="ixt-sec:numwordsen" scale="0" id="f-18268">two</ix:nonFraction> corresponding buffers, in the case of Grupo Santander being the domestic one, <ix:nonFraction unitRef="number" contextRef="c-1" decimals="4" name="san:DomesticSystemicallyImportantEntitiesCapitalBufferPercentage" scale="-2" id="f-18269">1.25</ix:nonFraction>%, a surcharge payable by 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fact that Grupo Santander has to comply with these requirements makes it a more solid bank than its domestic rivals.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">366</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1195"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-349"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="iac97f74d742a41cc80c5d728236ec37a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">55. <ix:nonNumeric contextRef="c-1" name="san:DisclosureOfParentFinancialStatementsAndPreferenceSharesAndPreferredSecuritiesTextBlock" id="f-18270" continuedAt="f-18270-1" escape="true">Additional disclosures</ix:nonNumeric></span></div><ix:continuation id="f-18270-1" continuedAt="f-18270-2"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This note includes relevant information about additional disclosure requirements.</span></div></ix:continuation></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><ix:continuation id="f-18270-2" continuedAt="f-18270-3"><div style="display:inline-block;vertical-align:top;width:46.363%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifcd6e767776e4c7cb70d6c36c2bfae2e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">55.1 Parent company financial statements</span></div><ix:nonNumeric contextRef="c-1" name="srt:ScheduleOfCondensedBalanceSheetTableTextBlock" id="f-18271" continuedAt="f-18271-1" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the summarized balance sheets of Banco Santander, S.A. as of 31 December 2025, 2024 and 2023.  In the financial information of the Parent company, investments in subsidiaries, jointly controlled entities and associates are recorded at cost. As of 31 December 2025 we have reclassified assets associated with the businesses held for sale in Poland from 'Investment in affiliated companies' to 'Non-current assets held for sale' under the 'Other assets' item. See </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883">note 3</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> above.</span></div></ix:nonNumeric></div></ix:continuation></div><ix:continuation id="f-18271-1"><ix:continuation id="f-18270-3" continuedAt="f-18270-4"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"/><td style="width:322.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED&#160;BALANCE&#160;SHEETS (Parent&#160;company&#160;only)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and due from banks</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-18272">144,292</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-18273">157,665</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-18274">172,524</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8017" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-18275">11,517</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8018" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-18276">5,952</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8019" decimals="-6" name="ifrs-full:CashAndBankBalancesAtCentralBanks" format="ixt:num-dot-decimal" scale="6" id="f-18277">6,834</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading account assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-18278">154,939</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td 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name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" format="ixt:num-dot-decimal" scale="6" id="f-18280">102,296</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18281">91,217</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18282">77,230</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18283">63,325</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8017" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18284">13,607</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8018" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18285">16,191</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8019" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18286">16,137</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8020" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18287">1,697</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8021" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18288">1,005</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8022" decimals="-6" name="san:InvestmentSecurities" format="ixt:num-dot-decimal" scale="6" id="f-18289">1,229</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loans and leases</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="san:LoansAndLeasesNet" format="ixt:num-dot-decimal" scale="6" id="f-18290">323,253</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="san:LoansAndLeasesNet" format="ixt:num-dot-decimal" scale="6" id="f-18291">301,937</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="san:LoansAndLeasesNet" format="ixt:num-dot-decimal" scale="6" id="f-18292">298,068</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8020" decimals="-6" name="san:LoansAndLeasesNet" format="ixt:num-dot-decimal" scale="6" id="f-18293">23,340</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8021" decimals="-6" name="san:LoansAndLeasesNet" format="ixt:num-dot-decimal" scale="6" id="f-18294">21,127</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8022" decimals="-6" name="san:LoansAndLeasesNet" format="ixt:num-dot-decimal" scale="6" id="f-18295">22,435</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment in affiliated companies</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18296">98,317</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18297">100,045</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18298">99,326</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8017" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18299">71,796</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8018" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18300">74,624</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8019" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18301">74,016</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8020" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18302">26,521</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8021" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18303">25,421</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8022" decimals="-6" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" format="ixt:num-dot-decimal" scale="6" id="f-18304">25,310</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Premises and equipment, net</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-18305">5,825</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-18306">6,219</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:PropertyPlantAndEquipmentIncludingRightofuseAssets" format="ixt:num-dot-decimal" scale="6" id="f-18307">6,368</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:OtherAssets" format="ixt:num-dot-decimal" scale="6" id="f-18308">18,941</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:OtherAssets" format="ixt:num-dot-decimal" scale="6" id="f-18309">15,986</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:OtherAssets" format="ixt:num-dot-decimal" scale="6" id="f-18310">15,435</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-18311">836,784</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-18312">794,840</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:Assets" format="ixt:num-dot-decimal" scale="6" id="f-18313">757,342</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18314">415,898</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18315">393,787</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18316">398,374</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8017" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18317">8,773</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8018" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18318">6,645</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8019" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18319">7,832</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8020" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18320">26,412</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8021" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18321">19,176</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8022" decimals="-6" name="san:DepositLiability" format="ixt:num-dot-decimal" scale="6" id="f-18322">14,610</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short-term debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:ShorttermBorrowings" format="ixt:num-dot-decimal" scale="6" id="f-18323">129,462</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:ShorttermBorrowings" format="ixt:num-dot-decimal" scale="6" id="f-18324">88,263</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:ShorttermBorrowings" format="ixt:num-dot-decimal" scale="6" id="f-18325">70,771</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Long-term debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:LongtermBorrowings" format="ixt:num-dot-decimal" scale="6" id="f-18326">114,756</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:LongtermBorrowings" format="ixt:num-dot-decimal" scale="6" id="f-18327">137,549</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:LongtermBorrowings" format="ixt:num-dot-decimal" scale="6" id="f-18328">129,258</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:Borrowings" format="ixt:num-dot-decimal" scale="6" id="f-18329">244,218</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:Borrowings" format="ixt:num-dot-decimal" scale="6" id="f-18330">225,812</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" 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style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8019" decimals="-6" name="ifrs-full:Borrowings" format="ixt:fixed-zero" scale="6" id="f-18334">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8020" decimals="-6" name="ifrs-full:Borrowings" format="ixt:num-dot-decimal" scale="6" id="f-18335">1,363</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8021" decimals="-6" name="ifrs-full:Borrowings" format="ixt:num-dot-decimal" scale="6" id="f-18336">2,428</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8022" decimals="-6" name="ifrs-full:Borrowings" format="ixt:num-dot-decimal" scale="6" id="f-18337">1,816</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18338">94,325</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18339">96,909</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:OtherLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18340">84,065</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-18341">754,441</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-18342">716,508</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:Liabilities" format="ixt:num-dot-decimal" scale="6" id="f-18343">682,468</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 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scale="6" id="f-18347">74,998</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="san:RetainedEarningsAndOtherReserves" format="ixt:num-dot-decimal" scale="6" id="f-18348">70,756</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 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Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total stockholders' equity</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-18350">82,343</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-18351">78,332</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:Equity" format="ixt:num-dot-decimal" scale="6" id="f-18352">74,874</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities and Stockholders&#8217; Equity</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:EquityAndLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18353">836,784</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:EquityAndLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18354">794,840</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:EquityAndLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18355">757,342</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">367</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-350"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="srt:ScheduleOfCondensedIncomeStatementTableTextBlock" id="f-18356" escape="true"><ix:continuation id="f-18270-4" continuedAt="f-18270-5"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed statements of income of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023. Results associated with the businesses held for sale in Poland have been reclassified to 'Income/(charges) after tax from discontinued operations' for all periods presented. See </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883">note 3</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> above.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:488.25pt"><tr><td style="width:1.0pt"/><td style="width:304.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED&#160;STATEMENTS&#160;OF&#160;INCOME (Parent&#160;company&#160;only)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" id="f-18357">31,363</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:RevenueFromInterest" format="ixt:num-dot-decimal" scale="6" id="f-18358">34,752</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 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name="ifrs-full:RevenueFromDividends" format="ixt:num-dot-decimal" scale="6" id="f-18364">7,113</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:RevenueFromDividends" format="ixt:num-dot-decimal" scale="6" id="f-18365">8,805</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">From bank subsidiaries</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" 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name="ifrs-full:RevenueFromDividends" format="ixt:num-dot-decimal" scale="6" id="f-18367">6,248</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8031" decimals="-6" name="ifrs-full:RevenueFromDividends" format="ixt:num-dot-decimal" scale="6" id="f-18368">7,790</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 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decimals="-6" name="ifrs-full:InterestExpense" format="ixt:num-dot-decimal" scale="6" id="f-18374">16,204</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income / (charges)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:InterestIncomeExpenseNetPlusDividendsFromAffiliates" format="ixt:num-dot-decimal" scale="6" id="f-18375">13,193</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:InterestIncomeExpenseNetPlusDividendsFromAffiliates" format="ixt:num-dot-decimal" scale="6" id="f-18376">14,640</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text 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0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-interest income</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:OtherOperatingIncome1" format="ixt:num-dot-decimal" scale="6" id="f-18384">6,981</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherOperatingIncome1" format="ixt:num-dot-decimal" scale="6" id="f-18385">5,502</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:OtherOperatingIncome1" format="ixt:num-dot-decimal" scale="6" id="f-18386">4,777</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-interest expense</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:OtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-18387">7,848</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-18388">8,552</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:OtherOperatingExpense" format="ixt:num-dot-decimal" scale="6" id="f-18389">9,662</ix:nonFraction>)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income before income taxes</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-18390">11,164</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-18391">10,256</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProfitLossBeforeTax" format="ixt:num-dot-decimal" scale="6" id="f-18392">9,393</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense or income from continuing operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-18393">1,073</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-18394">1,091</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:IncomeTaxExpenseContinuingOperations" scale="6" id="f-18395">533</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income/ (charges) for the period from continuing operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-18396">10,092</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-18397">9,167</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProfitLossFromContinuingOperations" format="ixt:num-dot-decimal" scale="6" id="f-18398">8,860</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income/ (charges) after tax from discontinued operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" format="ixt:num-dot-decimal" scale="6" id="f-18399">1,021</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" scale="6" id="f-18400">935</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProfitLossFromDiscontinuedOperations" scale="6" id="f-18401">378</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net income</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-18402">11,113</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-18403">10,101</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-18404">9,239</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">368</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-351"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:nonNumeric contextRef="c-1" name="srt:CondensedStatementOfComprehensiveIncomeTableTextBlock" id="f-18405" escape="true"><ix:continuation id="f-18270-5" continuedAt="f-18270-6"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed statements of comprehensive income of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:488.25pt"><tr><td style="width:1.0pt"/><td style="width:304.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED&#160;STATEMENTS&#160;OF COMPREHENSIVE&#160;INCOME&#160;(Parent&#160;company&#160;only)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text 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name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-18408">9,239</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OTHER COMPREHENSIVE INCOME </span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-18409">79</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OtherComprehensiveIncome" scale="6" id="f-18410">730</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td 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decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" scale="6" id="f-18415">283</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" format="ixt:fixed-zero" scale="6" id="f-18416">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18422">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18423">&#8212;</ix:nonFraction>&#160;</span></td><td 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style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18425">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:OtherReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18426">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments at fair value with changes in other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-18427">27</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-18428">28</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" scale="6" id="f-18429">104</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-18430">36</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-18431">55</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-18432">65</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-18433">63</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="ifrs-full:ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-18434">84</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" scale="6" id="f-18435">39</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:OtherReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18436">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18437">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:OtherReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18438">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges:</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" scale="6" id="f-18439">100</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" scale="6" id="f-18440">409</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" scale="6" id="f-18441">284</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains/(losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-18442">79</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-18443">140</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax" scale="6" id="f-18444">70</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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name="san:ReclassificationToInitialCarryingAmountOfHedgedItems" format="ixt:fixed-zero" scale="6" id="f-18449">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:ReclassificationToInitialCarryingAmountOfHedgedItems" format="ixt:fixed-zero" scale="6" id="f-18450">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:OtherReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18451">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid 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id="f-18453">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations</span></div></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations" format="ixt:fixed-zero" scale="6" id="f-18454">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations" format="ixt:fixed-zero" scale="6" id="f-18455">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations" format="ixt:fixed-zero" scale="6" id="f-18456">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 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id="f-18458">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" format="ixt:fixed-zero" scale="6" id="f-18459">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18461">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18462">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18463">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18464">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18465">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18466">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18467">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" format="ixt:fixed-zero" scale="6" id="f-18468">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander 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style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxNonCurrentAssetsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-18470">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxNonCurrentAssetsClassifiedAsHeldForSale" format="ixt:fixed-zero" scale="6" id="f-18471">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-18472">42</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-18473">132</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" scale="6" id="f-18474">112</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander 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id="f-18476">425</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" scale="6" id="f-18477">333</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 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name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" scale="6" id="f-18480">14</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-18481">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-18482">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" format="ixt:fixed-zero" scale="6" id="f-18483">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-18484">100</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-18485">262</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" scale="6" id="f-18486">250</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:fixed-zero" scale="6" id="f-18487">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:fixed-zero" scale="6" id="f-18488">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" format="ixt:fixed-zero" scale="6" id="f-18489">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem" scale="6" id="f-18490">76</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem" scale="6" id="f-18491">20</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem" scale="6" id="f-18492">31</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" scale="6" id="f-18493">76</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="san:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" scale="6" id="f-18494">20</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" scale="6" id="f-18495">31</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-18496">136</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-18497">247</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" scale="6" id="f-18498">107</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax relating to items that will not be reclassified</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-18499">27</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-18500">68</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" scale="6" id="f-18501">38</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL COMPREHENSIVE INCOME</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-18502">11,034</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-18503">10,831</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ComprehensiveIncome" format="ixt:num-dot-decimal" scale="6" id="f-18504">9,182</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:continuation></ix:nonNumeric><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">369</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-352"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-18270-6" continuedAt="f-18270-7"><ix:nonNumeric contextRef="c-1" name="srt:ScheduleOfCondensedCashFlowStatementTableTextBlock" id="f-18505" escape="true"><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"/><td style="width:322.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED CASH FLOW STATEMENTS (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1. Cash flows from operating activities</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-18506">11,113</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-18507">10,101</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProfitLoss" format="ixt:num-dot-decimal" scale="6" id="f-18508">9,239</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments to profit</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital" format="ixt:num-dot-decimal" scale="6" id="f-18509">1,119</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="ifrs-full:AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital" format="ixt:num-dot-decimal" scale="6" id="f-18510">4,439</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital" format="ixt:num-dot-decimal" scale="6" id="f-18511">3,746</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net increase/decrease in operating assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="san:AdjustmentsForDecreaseIncreaseInOperatingAssets" format="ixt:num-dot-decimal" scale="6" id="f-18512">60,570</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="san:AdjustmentsForDecreaseIncreaseInOperatingAssets" format="ixt:num-dot-decimal" scale="6" id="f-18513">63,686</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="san:AdjustmentsForDecreaseIncreaseInOperatingAssets" format="ixt:num-dot-decimal" scale="6" id="f-18514">6,765</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net increase/decrease in operating liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:AdjustmentsForIncreaseDecreaseInOperatingLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18515">41,113</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:AdjustmentsForIncreaseDecreaseInOperatingLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18516">27,480</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="san:AdjustmentsForIncreaseDecreaseInOperatingLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18517">6,880</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reimbursements/payments of income tax</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-18518">862</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-18519">591</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" scale="6" id="f-18520">360</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from operating activities (1)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18521">10,325</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18522">31,135</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18523">8,512</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2. Cash flows from investing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments (-)</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:OutflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18524">4,231</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:OutflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18525">2,915</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:OutflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18526">5,458</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Divestments (+)</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:InflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18527">9,210</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:InflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18528">9,544</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:InflowsOfCashFromInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18529">10,880</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from investment activities (2)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18530">4,979</ix:nonFraction></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18531">6,629</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18532">5,422</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3. Cash flows from financing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProceedsFromIssuingShares" format="ixt:fixed-zero" scale="6" id="f-18533">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProceedsFromIssuingShares" format="ixt:fixed-zero" scale="6" id="f-18534">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProceedsFromIssuingShares" format="ixt:fixed-zero" scale="6" id="f-18535">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposal of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares" scale="6" id="f-18536">578</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares" scale="6" id="f-18537">485</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares" scale="6" id="f-18538">649</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Acquisition of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:PaymentsToAcquireEntityShares" format="ixt:num-dot-decimal" scale="6" id="f-18539">3,865</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:PaymentsToAcquireEntityShares" format="ixt:num-dot-decimal" scale="6" id="f-18540">3,740</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:PaymentsToAcquireEntityShares" format="ixt:num-dot-decimal" scale="6" id="f-18541">2,974</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of debt securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:ProceedsFromIssueOfBondsNotesAndDebentures" format="ixt:num-dot-decimal" scale="6" id="f-18542">1,852</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:ProceedsFromIssueOfBondsNotesAndDebentures" format="ixt:num-dot-decimal" scale="6" id="f-18543">5,625</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:ProceedsFromIssueOfBondsNotesAndDebentures" format="ixt:num-dot-decimal" scale="6" id="f-18544">5,636</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Redemption of debt securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:RepaymentsOfBondsNotesAndDebentures" format="ixt:num-dot-decimal" scale="6" id="f-18545">8,310</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:RepaymentsOfBondsNotesAndDebentures" format="ixt:num-dot-decimal" scale="6" id="f-18546">3,615</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:RepaymentsOfBondsNotesAndDebentures" format="ixt:num-dot-decimal" scale="6" id="f-18547">1,813</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends paid</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18548">3,341</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18549">3,017</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18550">2,261</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance/Redemption of equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" name="san:IssuanceRedemptionOfTreasuryShares" format="ixt:fixed-zero" scale="6" id="f-18551">&#8212;</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="san:IssuanceRedemptionOfTreasuryShares" scale="6" id="f-18552">751</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" name="san:IssuanceRedemptionOfTreasuryShares" format="ixt:fixed-zero" scale="6" id="f-18553">&#8212;</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other collections/payments related to financing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" scale="6" id="f-18554">141</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" scale="6" id="f-18555">300</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" scale="6" id="f-18556">166</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from financing activities (3)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18557">13,227</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" format="ixt:num-dot-decimal" scale="6" id="f-18558">5,313</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" scale="6" id="f-18559">929</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4. Effect of exchange rate changes on cash and cash equivalents (4)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18560">4,099</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18561">2,256</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18562">1,044</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5. Net increase/decrease in cash and cash equivalents (1+2+3+4)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8023" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18563">22,671</ix:nonFraction>)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8024" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18564">27,563</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(<ix:nonFraction unitRef="eur" contextRef="c-8025" decimals="-6" sign="-" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18565">5,063</ix:nonFraction>)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and cash equivalents at beginning of period</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18566">97,457</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18567">125,020</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8035" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18568">130,083</ix:nonFraction>&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and cash equivalents at end of period</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8014" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18569">74,786</ix:nonFraction>&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8015" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18570">97,457</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8016" decimals="-6" name="ifrs-full:CashAndCashEquivalents" format="ixt:num-dot-decimal" scale="6" id="f-18571">125,020</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:3pt"><span id="i6de08f1d4e4e493fa824dcebd7740f22"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">55.2 Preference shares and preferred securities</span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfBalanceOfPreferenceSharesAndPreferredSecuritiesTableTextBlock" id="f-18572" escape="true"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the balance of the preference shares and preferred securities as of 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:234.75pt"><tr><td style="width:1.0pt"/><td style="width:86.50pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:43.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:43.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:43.00pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preference shares</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8036" decimals="-6" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18573">201</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8037" decimals="-6" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18574">211</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8038" decimals="-6" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18575">202</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-top:0.5pt solid 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name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18581">9,283</ix:nonFraction></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div></ix:nonNumeric><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both preference shares and preferred securities are recorded under the 'Financial liabilities at amortized cost - Subordinated Liabilities' caption in the consolidated balance sheet as of 31 December 2025, 2024 and 2023.</span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preference shares include the financial instruments issued by the consolidated companies which, although equity for legal purposes, do not meet the requirements for classification as equity in the financial statements. These shares do not carry any voting rights and are non-cumulative. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preference shares include non-cumulative preferred non-voting shares issued by Santander UK plc.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preferred securities include non-cumulative preferred non-voting securities issued by Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of payment priority, preferred securities are junior to all general creditors and to subordinated deposits. The payment of dividends on these securities, which have no voting rights, is conditional upon the obtainment of sufficient distributable profit and upon the limits imposed by Spanish banking regulations on equity.</span></div></div></div></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">370</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-353"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><ix:continuation id="f-18270-7"><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preference shares and preferred securities are perpetual securities and there is no obligation that requires the Group to redeem them. All securities have been fully subscribed for by third parties outside the Group. </span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Finance Preferred, S.A. (Unipersonal)- issuer of registered securities guaranteed by Banco Santander, S.A. until November 2017, merged in that month with Banco Santander, S.A.</span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For further information, see note </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_982">23.c. 'Subordinated liabilities-other disclosures'.</a></span></div><ix:nonNumeric contextRef="c-1" name="san:DisclosureOfPreferenceSharesAndPreferredSecuritiesByIssuerTableTextBlock" id="f-18582" escape="true"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"/><td style="width:235.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:69.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding at 31 December 2025</span></td></tr><tr style="height:29pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preference Shares Issuer/Date of issue</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount in currency (million)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Redemption <br/>Option (A)</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK plc, October 1995</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pounds Sterling</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbp" contextRef="c-8045" decimals="-5" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18583">80.3</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8045" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18584">10.375</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">No option</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK plc, February 1996</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pounds Sterling</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="gbp" contextRef="c-8046" decimals="-5" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18585">80.3</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8046" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18586">10.375</ix:nonFraction>%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">No option</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"/><td style="width:238.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:13.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:42.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:55.00pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:57.25pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:16.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:61.00pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding at 31 December 2025</span></td></tr><tr style="height:29pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preferred Securities Issuer/Date of issue</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount in <br/>currency<br/>(million)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest&#160;rate</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity&#160;date</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., January 2020</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8047" decimals="-5" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18587">1,032.4</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8047" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18588">4.375</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(B)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usd" contextRef="c-8048" decimals="-5" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18589">999.9</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8048" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18590">4.750</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(C)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8049" decimals="-5" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18591">749.2</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8049" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18592">4.125</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(D)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., September 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8050" decimals="-5" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18593">994.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8050" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18594">3.625</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(E)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., November 2023</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usd" contextRef="c-8051" decimals="-5" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18595">1,149.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8051" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18596">9.625</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(F)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., November 2023</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usd" contextRef="c-8052" decimals="-5" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18597">1,349.7</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8052" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18598">9.625</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(G)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8053" decimals="-5" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18599">1,500.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8053" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18600">7.00</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(H)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., August 2024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="usd" contextRef="c-8054" decimals="-5" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18601">1,494.5</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8054" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18602">8.00</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(I)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., July 2025</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8055" decimals="-5" name="ifrs-full:SubordinatedLiabilities" format="ixt:num-dot-decimal" scale="6" id="f-18603">1,500.0</ix:nonFraction>&#160;</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="number" contextRef="c-8055" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18604">6.00</ix:nonFraction>%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(J)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:45pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Finance Preferred, S.A. (Unipersonal), September 2004</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><ix:nonFraction unitRef="eur" contextRef="c-8056" decimals="-5" name="ifrs-full:SubordinatedLiabilities" scale="6" id="f-18605">143.8</ix:nonFraction>&#160;</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8364;CMS 10 + <ix:nonFraction unitRef="number" contextRef="c-8056" decimals="4" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" scale="-2" id="f-18606">0.05</ix:nonFraction>% subject to a maximum distribution of <ix:nonFraction unitRef="number" contextRef="c-8056" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18607">8</ix:nonFraction>% per annum</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:107.25pt"><tr><td style="width:1.0pt"/><td style="width:105.25pt"/><td style="width:1.0pt"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"></div></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8057" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18608">4.375</ix:nonFraction>% interest rate is set for the first <ix:nonNumeric contextRef="c-8058" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18609">six years</ix:nonNumeric>. After that, it will be reviewed every <ix:nonNumeric contextRef="c-8058" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18610">5</ix:nonNumeric> years by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8059" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18611">453.4</ix:nonFraction> basis point on the <ix:nonNumeric contextRef="c-8058" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:duryear" id="f-18612">5</ix:nonNumeric>-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8060" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18613">4.750</ix:nonFraction>% interest rate is set  for the first <ix:nonNumeric contextRef="c-8061" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18614">six years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-8061" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18615">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8062" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18616">375.3</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-8061" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:duryear" id="f-18617">5</ix:nonNumeric>-year UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8063" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18618">4.125</ix:nonFraction>% interest rate is set for the first <ix:nonNumeric contextRef="c-8064" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18619">seven years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-8064" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18620">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8065" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18621">431.1</ix:nonFraction> basis points over the applicable <ix:nonNumeric contextRef="c-8064" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:duryear" id="f-18622">5</ix:nonNumeric>-year Euro mid-swap.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E. Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8066" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18623">3.625</ix:nonFraction>% interest rate is set  for the first <ix:nonNumeric contextRef="c-8067" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18624">eight years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-8067" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18625">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8068" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18626">376</ix:nonFraction> basis points over the <ix:nonNumeric contextRef="c-8067" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:duryear" id="f-18627">5</ix:nonNumeric>-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F. Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8069" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18628">9.625</ix:nonFraction>% interest rate is set  for the first five years and six months, revised every <ix:nonNumeric contextRef="c-8070" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18629">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8071" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18630">530.6</ix:nonFraction> basis points on the <ix:nonNumeric contextRef="c-8070" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-18631">5-year</ix:nonNumeric> UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">G. Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8072" decimals="INF" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18632">9.625</ix:nonFraction>% interest rate is set  for the first <ix:nonNumeric contextRef="c-8073" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18633">ten years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-8073" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18634">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8074" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18635">529.8</ix:nonFraction> basis points on the <ix:nonNumeric contextRef="c-8073" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-18636">5-year</ix:nonNumeric> UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">H. Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8075" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18637">7.00</ix:nonFraction>% interest rate is set  for the first <ix:nonNumeric contextRef="c-8076" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18638">six years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-8076" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18639">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8077" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18640">443.2</ix:nonFraction> basis points on the <ix:nonNumeric contextRef="c-8076" name="san:SubordinatedIssueMidSwapRateTerm" format="ixt-sec:durwordsen" id="f-18641">5-year</ix:nonNumeric> mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">I. Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8078" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18642">8.00</ix:nonFraction>% interest rate is set  for the first <ix:nonNumeric contextRef="c-8079" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18643">ten years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-8079" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18644">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8080" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18645">391.1</ix:nonFraction> basis points on the <ix:nonNumeric contextRef="c-8079" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-18646">5-year</ix:nonNumeric> mid-swap rate</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">J. Payment is subject to certain conditions and to the discretion of Banco Santander. The <ix:nonFraction unitRef="number" contextRef="c-8081" decimals="4" name="san:SubordinatedIssueInterestRate" scale="-2" id="f-18647">6.00</ix:nonFraction>% interest rate is set  for the first <ix:nonNumeric contextRef="c-8082" name="san:SubordinatedIssueInitialInterestRateTerm" format="ixt-sec:durwordsen" id="f-18648">six years</ix:nonNumeric>, revised every <ix:nonNumeric contextRef="c-8082" name="san:SubordinatedIssueInterestRateRepriceTerm" format="ixt-sec:duryear" id="f-18649">5</ix:nonNumeric> years thereafter by applying a margin of <ix:nonFraction unitRef="number" contextRef="c-8083" decimals="INF" name="san:SubordinatedIssueAdjustmentToInterestRateBasisSubsequentToInitialInterestRatePeriod" scale="-4" id="f-18650">381.9</ix:nonFraction> basis points on the <ix:nonNumeric contextRef="c-8082" name="san:SubordinatedIssueUSTRateTerm" format="ixt-sec:durwordsen" id="f-18651">5-year</ix:nonNumeric> mid-swap rate.</span></div></ix:nonNumeric></ix:continuation><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">371</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201"></div><hr style="page-break-after:always"/><div style="min-height:51.02pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-354"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:102pt"><span><br/></span></div><div><img src="san-20251231_g74.jpg" alt="11.Anexos_ENG.jpg" style="height:598px;margin-bottom:5pt;vertical-align:text-bottom;width:793px" id="i-355"/></div><div style="margin-top:15pt"><span id="i63cafb66257140b9a771fc39c25a3506"></span><span style="color:#ffffff;font-family:'Santander Headline',sans-serif;font-size:6pt;font-weight:700;line-height:90%">Appendix</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">372</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1207"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-356"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i53313b1d2e0947e3a192629fa7752432"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Appendix I</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">2 &amp; 3 Triton Limited (d)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">A &amp; L CF (Guernsey) Limited (d) (g)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Guernsey</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey Covered Bonds (Holdings) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey Covered Bonds (LM) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey Covered Bonds LLP</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey National Business Office Equipment Leasing Limited (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey National Nominees Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey National PLP (UK) Limited (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey National Property Investments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey Stockbrokers (Nominees) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abbey Stockbrokers Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Abent 3T, S.A.P.I de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electricity production</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ablasa Participaciones, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aduro S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payments and collection services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aevis Europa, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.34</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.34</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.34</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cards</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AFB SAM Holdings, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Afisa S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Agro Flex Fundo de Investimento em Direitos Credit&#243;rios</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Leasing GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Austria</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Location Longue Dur&#233;e S.a.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Mobility Consulting AG</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Mobility Consulting B.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Netherlands</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Mobility Consulting GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Mobility Consulting &#214;sterreich GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Austria</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Mobility Consulting S.a.r.l</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Schweiz AG</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane SE</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">92.07</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">92.07</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Services GmbH &amp; co. KG</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Allane Services Verwaltungs GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Management of portfolios</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Alliance &amp; Leicester Investments (No.2) Limited (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Alliance &amp; Leicester Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Alliance &amp; Leicester Personal Finance Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Altamira Santander Real Estate, S.A.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">373</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-357"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Alternative Leasing, FIL (Compartimento B)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amazonia Trade Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Am&#233;rica Gest&#227;o Servi&#231;os em Energ&#237;a S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">62.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electricity production</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amherst Pierpont Commercial Mortgage Securities LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amherst Pierpont International Ltd.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hong-Kong</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AMS Auto Markt Am Schieferstein GmbH </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Vehicle sales</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AN (123) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Andromeda Principal Investments, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">ANITCO Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AP Acquisition Trust I</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trust company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AP Acquisition Trust II</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AP Asset Acquisition LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">APSG GP LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aquanima Brasil Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">E-commerce</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aquanima Chile S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aquanima M&#233;xico S. de R.L. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">E-commerce</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aquanima S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ararinha Renda Fixa Cr&#233;dito Privado - Fundo de Investimento Financeiro</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Artarien S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Atempo Growth I - Sub-Fund 4</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Atempo Growth II - Sub Fund 3</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Atlantes Mortgage No. 3</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Atual - Fundo de Invest Multimercado Cr&#233;dito Privado Investimento no Exterior</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auto ABS DFP Master Compartment France 2013</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auto ABS French Leases 2023</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auto ABS French Leases 2025</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 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(series 2025-1)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auto ABS Italian Stella Loans S.r.l. (series 2025-2)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auto ABS Spanish Loans 2022-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">374</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-358"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auto ABS Spanish Loans 2024-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Autodescuento, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Vehicles purchased by internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Autohaus24 GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auto-Interleasing AG</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Auttar HUT Processamento de Dados Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aviaci&#243;n Antares, A.I.E.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aviaci&#243;n Brit&#225;nica, A.I.E.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aviaci&#243;n Comillas, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aviaci&#243;n Laredo, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Air transport</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aviaci&#243;n Oyambre, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aviaci&#243;n Santillana, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aviaci&#243;n Suances, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Air transport</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Bandepe S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco de Albacete, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Hyundai Capital Brasil S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">44.93</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">67.13</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">67.18</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">67.18</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.04</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.82</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.45</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.60</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander (M&#233;xico), S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico como Fiduciaria del Fideicomiso 100740</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander (M&#233;xico), S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico como Fiduciaria del Fideicomiso 2002114</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander (M&#233;xico), S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico como Fiduciaria del Fideicomiso GFSSLPT</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander Argentina S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.82</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.77</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.77</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander Colombia S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Colombia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">92.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">7.05</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander International</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander International SA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">34.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">65.30</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.93</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">75.05</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander Per&#250; S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">97.75</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">2.25</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco Santander Totta, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.42</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.45</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.87</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.96</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Bansa Santander S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Beyond Wealth, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Bilkreditt 7 Designated Activity Company (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Blecno Investments, S.L. Unipersonal (b)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Blue Ocean SBT, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">BRS Investments S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">5.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">94.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">C&#225;ntabro Catalana de Inversiones, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Capital Street Delaware LP</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Capital Street Holdings, LLC</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">375</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-359"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Capital Street REIT Holdings, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Capital Street S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Carmine D - Services, Unipessoal Lda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Software</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cartasur Cards S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.82</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander M&#233;xico</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.97</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cater Allen Holdings Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cater Allen International Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cater Allen Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cater Allen Syndicate Management Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CCAP Auto Lease Ltd.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Centro de Capacitaci&#243;n Santander, A.C.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Non-profit institute</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Certidesa, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aircraft rental</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Charlotte 2023 Funding Plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Charlotte 2023 Holdings Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cianite New Energy, S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CIMA Commodities 2025-4</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CIMA Finance DAC Series 2022-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CIMA Finance DAC Series 2023-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CIMA Luxembourg S.&#224; r.l. 2025-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CLM Fleet Management Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Vehicle rental</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cobranza Amigable, S.A.P.I. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Collection services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Community Development and Affordable Housing Fund LLC </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Asset management</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Compagnie Generale de Credit Aux Particuliers - Credipar S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Compagnie Pour la Location de Vehicules - CLV</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Comparanet, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consumer Totta 1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consumer Totta 2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consumer Totta 3 2025</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Contrato de Fideicomiso Irrevocable de Administraci&#243;n INV/6206</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trust company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Contrato de Fideicomiso Irrevocable de Administraci&#243;n Nro. 6168</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trust company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Contrato de Fideicomiso Irrevocable Nro. F/6236</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trust company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Credileads S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advertising</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">D365 Fundo de Investimento em Direitos Credit&#243;rios</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Darep Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Reinsurances</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Decarome, S.A.P.I. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Decarope S.A.C.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">376</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-360"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Deva Capital Advisory Company, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advisory services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Deva Capital Holding Company, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Deva Capital Investment Company, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Deva Capital Management Company, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advisory services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Deva Capital Servicer Company, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Diamante New Energy S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">80.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">80.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Diglo Servicer Company 2021, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate management</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Diners Club Spain, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cards</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Direcci&#243;n Estratega, S.C.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Drive Auto Receivables Trust 2024-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Drive Auto Receivables Trust 2024-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Drive Auto Receivables Trust 2025-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Drive Auto Receivables Trust 2025-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Drive S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">75.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ductor Real Estate, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Agent UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Banco de Cambio S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Banco Holding Participa&#231;&#245;es Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Brasil Consultoria S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Brasil Holding Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Brasil Participa&#231;&#245;es S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Facilitadora De Pagamentos Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Software</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Global Services, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advisory services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Mass Payments Holdco Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Mass Payments Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners (DIFC) Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Arab United Emirates</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Australia Pty Ltd. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Australia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Belgium NV /SA </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Belgium</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Canada Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Canada</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Chile SpA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners China Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">China</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Marketing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Finance Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Hong Kong Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hong-Kong</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Limited </span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">377</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-361"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Lithuania UAB</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Lithuania</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Markets Cyprus Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cyprus</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Markets Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners M&#233;xico, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Payment Solutions Uganda Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uganda</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Payments - L.L.C. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Arab United Emirates</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Payments Solutions Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Kenya</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners South Africa (Pty) Ltd </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Republic of South Africa</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Switzerland AG </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners Tanzania Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tanzania</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Partners UK Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electronic money</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Payments PTE Ltd. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Singapore</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Solu&#231;&#245;es de Pagamentos Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Technology Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Software</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebury Technology Spain, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EDT FTPYME Pastor 3, Fondo de Titulizaci&#243;n de Activos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Elcano Renovables, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electrolyser, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Elevate Tech Platforms, S.L. Unipersonal (b)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Emdia Servi&#231;os Especializados em Cobran&#231;as Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Collection services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Empresa de Cr&#233;ditos Santander Consumo Per&#250; S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Energias Renovables de Ormonde 30, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Energias Renovables de Titania, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Energias Renovables Gladiateur 45, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Energias Renovables Prometeo, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Esfera Fidelidade S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Evidence Previd&#234;ncia S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Eyemobile Tecnologia Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">F1rst Tecnologia e Inova&#231;&#227;o Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Factum Identity Solutions, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">67.20</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">84.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Factum Information Technologies, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">80.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">80.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Factum IT Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">80.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Factum Navarra, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">80.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">FIDC Santander Auto Loans I Segmento Financeiro - Responsabilidade Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fideicomiso Empresarial Irrevocable de Administraci&#243;n y Garant&#237;a F/3443</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trust company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">378</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-362"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financeira El Corte Ingl&#233;s, Portugal, S.F.C., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financiera El Corte Ingl&#233;s, E.F.C., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finsantusa, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">First National Motor plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">First National Tricity Finance Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">FIT Economia de Energia S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">58.41</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">65.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">65.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electricity production</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Flexliving Valdemar&#237;n, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">27.57</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">27.57</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n PYMES Santander 15</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n Santander Financiaci&#243;n 1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n, RMBS Santander 7</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n, Santander Consumo 8</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n, Santander Consumo 9</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondos Santander, S.A. Administradora de Fondos de Inversi&#243;n (en liquidaci&#243;n) (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fortensky Trading, Ltd.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fosse (Master Issuer) Holdings Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fosse Funding (No.1) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fosse Master Issuer PLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fosse Trustee (UK) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Freedom Depository Holdings, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Freedom Depository, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fulvia SPV S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fulvia SPV S.r.l. (2025-1)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fundo de Investimento em Direitos Credit&#243;rios Atacado - N&#227;o Padronizado</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fundo de Investimento em Direitos Credit&#243;rios Conretorno - Responsabilidade Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fundo de Investimento em Direitos Credit&#243;rios Multisegmentos NPL Ipanema VI &#8211; N&#227;o padronizado</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fundo de Investimento em Direitos Credit&#243;rios Tellus</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gamma, Sociedade Financeira de Titulariza&#231;&#227;o de Cr&#233;ditos, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.87</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">GC FTPYME Pastor 4, Fondo de Titulizaci&#243;n de Activos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Generaci&#243;n de Energ&#237;a Villahermosa, S.A.P.I. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electricity production</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gesban M&#233;xico Servicios Administrativos Globales, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gesban Santander Servicios Profesionales Contables Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Accounting services</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gesban Servicios Administrativos Globales, S.L.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">379</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-363"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gesban UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payments and collection services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gesti&#243;n de Inversiones JILT, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gestora de Procesos S.A. en liquidaci&#243;n (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Adquir&#234;ncia e Servi&#231;os para Meios de Pagamento S.A. - Institui&#231;&#227;o de Pagamento</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Argentina S.A.U.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment methods</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Europe, Entidad de Pago, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Fundo de Investimento em Direitos Credit&#243;rios</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Merchant Solutions UK Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet M&#233;xico Servicios de Adquirencia, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payments and collection services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Payments, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Sociedade de Credito Direto S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Technology and Operations Brasil Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Getnet Uruguay S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment methods</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">GNXT Servi&#231;os de Atendimento Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Telemarketing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Golden Bar (Securitisation) S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Golden Bar Stand Alone 2021-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Golden Bar Stand Alone 2022-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Golden Bar Stand Alone 2023-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Golden Bar Stand Alone 2024-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Golden Bar Stand Alone 2025-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Golden Bar Stand Alone 2025-2</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Grafite New Energy, S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gravity Cloud Technology, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Grupo Empresarial Santander, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.62</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.38</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Grupo Financiero Santander M&#233;xico, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hipototta No. 13</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hipototta No. 14</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hipototta No. 4 plc (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hipototta No. 5 plc (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holbah Santander, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holmes Funding Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holmes Holdings Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holmes Master Issuer plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holmes Trustees Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hyundai Capital Bank Europe GmbH</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">380</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-364"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.269%"><tr><td style="width:1.0%"/><td style="width:33.871%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.809%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.540%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.406%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.556%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.296%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.326%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"><div><span><br/></span></div></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hyundai Fundo de Investimento em Direitos Credit&#243;rios</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">44.93</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ib&#233;rica de Compras Corporativas, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">97.17</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">2.82</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">E-commerce</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Innohub, S.A.P.I. de C.V. (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">62.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">69.54</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">69.54</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance Funding Solutions Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inversiones Capital Global, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inversiones Mar&#237;timas del Mediterr&#225;neo, S.A., en liquidaci&#243;n  (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment Holdings 1857, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Isar Valley S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Isla de los Buques, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.02</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Klare Corredora de Seguros Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Landcompany 2020, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate management</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Laparanza, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">61.59</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">61.59</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">61.59</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Agricultural holding</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Lerma Investments 2018, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Liquetine, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Lynx Financial Crime Tech, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">79.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">79.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">79.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">MAC No. 1 Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Macroscope S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mascor SPV 2025, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.10</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Master Red Europa, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.34</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.34</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">96.34</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cards</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mata Alta, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">61.59</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Agricultural holding</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">MCE Bank GmbH </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.01</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">MCE Verwaltung GmbH </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate rental</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mercadotecnia, Ideas y Tecnolog&#237;a, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment methods</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Merciver, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial advisory</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Midata Service GmbH </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Moon GC&amp;P Investments, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mouro Capital I LP</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Multiplica SpA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Murattabat International Business Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Palestine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Navegante Am&#233;rico Vespucio SpA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Naviera Mirambel, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Naviera Trans Gas, A.I.E.</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr></table></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1213"></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Naviera Transcant&#225;brica, S.L.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Naviera Transchem, S.L. Unipersonal</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">381</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-365"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Navigator Global Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">NeoAuto S.A.C.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Vehicles purchased by internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Newcomar, S.L., en liquidaci&#243;n (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Novimovest &#8211; Fundo de Investimento Imobili&#225;rio</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78.76</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78.86</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78.74</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">NW Services CO.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">E-commerce</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">One Mobility Management GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">46.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Open Bank, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Open Digital Market, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Commerce</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Open Digital Services, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Openbank M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Operadora de Carteras Gamma, S.A.P.I. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Optimal Investment Services SA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Optimal Multiadvisors Ireland Plc / Optimal Strategic US Equity Ireland Euro Fund (c) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Optimal Multiadvisors Ireland Plc / Optimal Strategic US Equity Ireland US Dollar Fund (c) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Paga Despu&#233;s, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Emoney, E.D.E., S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Merchant Solutions FZ-LLC (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Arab United Emirates</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Merchant Solutions India Private Limited  (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">India</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Payments Brasil Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Payments Chile SpA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Payments M&#233;xico, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Payments Services, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Payments UK Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt Payments, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt US, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PagoNxt, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Paytec Tecnologia em Pagamentos Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Commerce</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PBE Companies, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pereda Gesti&#243;n, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities<br/>brokerage</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Phoenix S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment methods</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pinle SPV 2024, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">27.57</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">27.57</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pony S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pony S.A., Compartment German Auto Loans 2023-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pony S.A., Compartment German Auto Loans 2024-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pony S.A., Compartment German Auto Loans 2025-1</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">382</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-366"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portal Universia Argentina S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">75.75</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">75.75</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">75.75</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portal Universia Portugal, Presta&#231;&#227;o de Servi&#231;os de Inform&#225;tica, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Precato IV Fundo de Investimento em Direitos Credit&#243;rios - N&#227;o Padronizados</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Prime 16 &#8211; Fundo de Investimentos Imobili&#225;rio</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">PT Trans Skills Employer Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Indonesia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pulse Client Experts Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Telemarketing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Punta Lima, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Redoto SPV 2025, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">30.60</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">30.60</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Repton 2023-1 Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Retailcompany 2021, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Retop S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Return Capital Gest&#227;o de Ativos e Participa&#231;&#245;es S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Collection services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Rojo Entretenimento S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">85.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">94.60</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">94.60</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SAFO Alternative Lending, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SAI Alternative Investments M&#233;xico, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SAI Lux Carry SCSp</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sainte Julie Fundo de Investimento em Direitos Credit&#243;rios N&#227;o-Padronizados Responsabilidade Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SALCO, Servicios de Seguridad Santander, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Safety</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SAM Argentina Sociedad Gerente de Fondos Comunes de Inversi&#243;n S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment<br/>fund<br/>management</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SAM Asset Management, S.A. de C.V., Sociedad Operadora de Fondos de Inversi&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SAM Inversiones Argentina S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pension fund<br/>management<br/>company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SAM Investment Holdings, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">92.37</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">7.63</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">San Pietro Solar PV, S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">56.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">San Preca Federal I Fundo de Investimento em Direitos Credit&#243;rios N&#227;o-Padronizados</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">86.59</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">96.36</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SANB Promotora de Vendas e Cobran&#231;a S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sancap Investimentos e Participa&#231;&#245;es S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander (CF Trustee Property Nominee) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander (CF Trustee) Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander (Luxembourg) Issuer S.&#224; r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander (UK) Group Pension Schemes Trustees Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Alternative Investments, S.G.I.I.C., S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander AM Global Working Capital Fund I</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">383</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-367"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asesor&#237;as Financieras Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">67.45</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial advisory</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Finance Opportunities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Finance plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management - SGOIC, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management Chile S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities investment</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management Gerente de Fondos Comunes de Inversi&#243;n S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management Luxembourg, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management S.A. Administradora General de Fondos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management UK Holdings Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Management of funds and portfolios</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Asset Management, S.A., SGIIC Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Auto Lease Titling Ltd.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Back-Offices Globales Mayoristas, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Banca de Inversi&#243;n Colombia, S.A.S.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Colombia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advisory services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">58.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">58.70</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">62.20</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Bank, National Association</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Brasil Administradora de Cons&#243;rcio Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Brasil Gest&#227;o de Recursos Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.08</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.92</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities investment</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Capital Holdings LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Capital Structuring, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Capitaliza&#231;&#227;o S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Cards Ireland Limited (g)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cards</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Cards Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Cards UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Chile Holding S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">22.11</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">77.75</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.86</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Commercial Mortgage Securities LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Compara Holding, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consulting (Beijing) Co., Ltd.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">China</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advisory services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer (UK) plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2018-L3 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2022-B1 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2022-B2 LLC</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">384</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-368"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2022-B3 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2022-B4 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2023-B1 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2023-B2 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2023-B3 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2023-B4 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2023-B5 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2023-B6 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2024-B2 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2024-B3 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2025-B1 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2025-L1 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2025-L2 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2025-L3 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Auto Receivables Funding 2025-L4 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Bank</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Canada</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Bank AG</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Bank AS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Norway</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Bank GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Austria</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Bank S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Bank S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Bank S.p.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Credit Services Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance Global Services, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">34.24</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance M&#233;xico, S.A. de C.V., S.O.F.O.M., E.R., Grupo Financiero Santander M&#233;xico</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance Oy</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Finland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance Schweiz AG</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Financial Solutions Sp. z o.o.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Holding Austria GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Austria</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Holding GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Lease Receivables 1 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Leasing GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Leasing S.A.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">385</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-369"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Mobility Services, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Multirent Sp. z o.o.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Operations Services GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Receivables 11 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Receivables 15 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Receivables 16 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Receivables 20 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Receivables 21 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Receivables 7 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Receivables Funding LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Renting S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Renting, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.82</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Services GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Austria</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Services, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Spain Auto 2019-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Spain Auto 2020-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Spain Auto 2021-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Spain Auto 2022-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Spain Auto 2023-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Spain Auto 2024-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Spain Auto 2025-1, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Technology Services GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer USA Inc.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumo 4, F.T.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumo 5, F.T.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumo 6, F.T.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumo 7, F.T.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Corredora de Seguros Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">67.21</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Corredores de Bolsa Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">83.24</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Corretora de C&#226;mbio e Valores Mobili&#225;rios S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Corretora de Seguros, Investimentos e Servi&#231;os S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Customer Voice, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.50</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.50</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander de Titulizaci&#243;n, S.G.F.T., S.A.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">81.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">19.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">386</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-370"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Distribuidora de T&#237;tulos e Valores Mobili&#225;rios S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2022-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2022-3</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2022-4</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2022-5</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2022-6</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2022-7</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2023-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2023-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2023-3</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2023-4</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2023-5</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2023-6</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2024-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2024-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2024-3</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2024-4</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2024-5</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2025-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2025-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2025-3</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Drive Auto Receivables Trust 2025-4</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Empresa Administradora de Fondos Colectivos S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Equity Investments Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Espa&#241;a Servicios Legales, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Estates Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander European Hospitality Opportunities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander F24 S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">58.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Facility Management Espa&#241;a, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Factoring S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Factoring</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Factoring Sp. z o.o.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">58.70</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">387</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-371"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Factoring y Confirming, S.A. Unipersonal, E.F.C.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Factoring</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander FI Hedge Strategies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Finance 2012-1 LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Financial Exchanges Limited (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Financial Services plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Financiamientos S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Financing S.A.S.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Colombia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial advisory</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Finanse Sp. z o.o.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">58.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Fundo de Investimento Amazonas Multimercado Cr&#233;dito Privado Investimento no Exterior </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Fundo de Investimento Diamantina Multimercado Cr&#233;dito Privado Investimento no Exterior </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Fundo de Investimento Guaruj&#225; Multimercado Cr&#233;dito Privado Investimento no Exterior</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Gesti&#243;n de Recaudaci&#243;n y Cobranzas Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Cards &amp; Digital Solutions Brasil S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Cards &amp; Digital Solutions, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Consumer Finance Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Facilities, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Services S.A. (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Services, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Technology and Operations Brasil Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Technology and Operations Chile Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Global Technology and Operations, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Green Investment, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Group Properties, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Guarantee Company (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Hera Renda Fixa Fundo Incentivado de Investimento em Infraestrutura Responsabilidade Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Hermes Multimercado Cr&#233;dito Privado Infraestructura Fundo de Investimento</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Hipotecario 2 Fondo de Titulizaci&#243;n de Activos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Hipotecario 3 Fondo de Titulizaci&#243;n de Activos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Holding Imobili&#225;ria S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Holding Internacional, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.95</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.05</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Holdings USA, Inc.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">388</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-372"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Inclusi&#243;n Financiera, S.A. de C.V., S.O.F.O.M., E.R., Grupo Financiero Santander M&#233;xico</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Insurance Agency, U.S., LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Insurance Services UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Wealth management</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Insurance, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Intermediaci&#243;n Corredur&#237;a de Seguros, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander International Products, Plc. (f)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander International Wealth Management M&#233;xico, S. de R.L. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advisory services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander International Wealth Solutions LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Inversiones S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">5.12</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">94.88</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Investment Chile Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">16.12</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">83.88</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Investment, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Investments GP 1 S.&#224;.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Inwestycje Sp. z o.o.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">58.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander ISA Managers Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Management of funds and portfolios</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Lease, S.A., E.F.C.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Leasing AB</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sweden</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing and renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Leasing B.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Netherlands</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Leasing S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">58.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Leasing S.A. Arrendamento Mercantil</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Leasing, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Lending Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mortgage<br/>credit<br/>company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mediaci&#243;n Operador de Banca-Seguros Vinculado, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Merchant S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">5.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">94.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Depositor LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2025-CES1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2025-NQM1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2025-NQM2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2025-NQM3</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2025-NQM4</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2025-NQM5</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2025-NQM6</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Asset Receivable Trust 2026-NQM1</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">389</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-373"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mortgage Holdings Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander New Business, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trade intermediary</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Paraty Qif PLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Pensiones, S.A., E.G.F.P.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pension fund<br/>management<br/>company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Prime Auto Issuance Notes 2018-A Designated Activity Company (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Prime Auto Issuance Notes 2018-B Designated Activity Company (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Prime Auto Issuance Notes 2018-C Designated Activity Company (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Prime Auto Issuance Notes 2018-D Designated Activity Company (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Prime Auto Issuance Notes 2018-E Designated Activity Company (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Private Banking S.p.A. in Liquidazione (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Private Banking UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Private Real Estate Advisory, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Real Estate Debt 1 sub-fund</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Real Estate Equity I, F.C.R.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Venture capital fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Real Estate, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Retail Auto Lease Funding LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander RMBS 6, Fondo de Titulizaci&#243;n</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander S.A. Sociedad Securitizadora</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">67.25</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander SBAC II Renda Fixa Curto Prazo - Classe de Investimento em Cotas de Fundo de Investimento Financeiro Responsabilidade Limitada </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Secretariat Services Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Securities LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Seguros y Reaseguros, Compa&#241;&#237;a Aseguradora, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Services Solutions, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Servicios Corporativos, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Servicos Digitais Brasil Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Sociedade de Cr&#233;dito, Financiamento e Investimento S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Technology USA, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Tecnolog&#237;a Argentina S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.83</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Tecnolog&#237;a M&#233;xico, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">99.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Totta Seguros, Companhia de Seguros de Vida, S.A.</span></td><td colspan="3" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">390</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-374"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Towarzystwo Funduszy Inwestycyjnych S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29.35</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Trade Services Limited</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Hong-Kong</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Trust S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander UK Group Holdings plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">77.67</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">22.33</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander UK Investments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander UK Operations Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander UK plc</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander UK Technology Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander US Capital Markets LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities investment</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Valores S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">5.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">94.73</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santusa Holding, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">69.76</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">30.24</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Lease Funding LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Lease Trust 2023-A</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Lease Trust 2024-A</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Lease Trust 2024-B</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Lease Trust 2024-C</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Lease Trust 2025-A</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Lease Trust 2025-B</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Receivables Funding LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Receivables Grantor Trust 2025-SF1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Auto Receivables Trust 2025-SF1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SBNA Investor LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Austria Auto Finance 2020-1 Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Austria Consumer Loan 2021 Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Austria S.&#224; r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Austria S.&#224; r.l., Compartment Consumer 2025-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Canada Asset Securitization Trust</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Canada</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany Auto 2019-1 UG (haftungsbeschr&#228;nkt) (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2020-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2021-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2022-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2023-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2024-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2024-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2025-1</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">391</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-375"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2025-2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer Private 2023-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Leasing 2023-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Leasing 2025-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Germany S.A., Compartment Mobility 2020-1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Mobility AB</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sweden</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Mobility AS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Norway</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Nordics S.&#224; r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Nordics S.&#224; r.l. , Compartment Rahoituspalvelut 2025</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SC Poland Consumer 23-1 Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Ajoneuvohallinto IX Limited (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Ajoneuvohallinto X Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Ajoneuvohallinto XI Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Ajoneuvohallinto XII Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Ajoneuvohallinto XIII Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Eastside Locks GP Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate management</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Rahoituspalvelut IX DAC (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Rahoituspalvelut X DAC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Rahoituspalvelut XI Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Rahoituspalvelut XII DAC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCF Rahoituspalvelut XIII DAC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SCM Poland Auto 2019-1 DAC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SDMX Superdigital, S.A. de C.V., Instituci&#243;n de Fondos de Pago Electr&#243;nico</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment platform</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Secucor Finance 2021-1, DAC (d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Secucor Finance 2025-1 Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services and Promotions Delaware Corporation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services and Promotions Miami LLC</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Servicios de Cobranza, Recuperaci&#243;n y Seguimiento, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Servicios Inmobiliarios Residencial en Venta JV2, S.L.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">27.57</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">27.57</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">90.00</span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sheppards Moneybrokers Limited</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Shiloh III Wind Project, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Silk Finance No. 5</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Silk Finance No. 6</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sociedad Integral de Valoraciones Automatizadas, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Appraisals</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sociedad Operadora de Tarjetas de Pago Santander Getnet Chile S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">67.13</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payments and collection services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Socur S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Solution 4Fleet Consultoria Empresarial S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Vehicle rental</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sovereign Community Development Company</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">392</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-376"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sovereign Delaware Investment Corporation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sovereign Lease Holdings, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sovereign REIT Holdings, Inc.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SPIRE SA Compartment 2025-148</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SSA Swiss Advisors AG</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Wealth management</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stellantis Consumer Financial Services Polska Sp. z o.o.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stellantis Financial Services Belux SA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Belgium</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stellantis Financial Services Espa&#241;a, E.F.C., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stellantis Financial Services Italia S.p.A.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stellantis Financial Services Nederland B.V.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Netherlands</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stellantis Financial Services Polska Sp. z o.o.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stellantis Renting Italia S.p.A.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sterrebeeck B.V.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Netherlands</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Suleyado 2003, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities investment</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Superdigital Holding Company, S.L.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Superdigital Log&#237;stica S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Suzuki Servicios Financieros, S.L.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Intermediation</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Swesant SA</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tabasco Energ&#237;a Espa&#241;a, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Taxos Luz, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">70.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Teatinos Siglo XXI Inversiones S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Terras Fundo de Investimento nas Cadeias Produtivas do Agronegocio - Fiagro - Resp Limitada</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">The Best Specialty Coffee, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Restaurant services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">TIMFin S.p.A.</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Titularizadora Colombiana S.A. -Universalidad TIV V9</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Colombia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tonopah Solar I, LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tools Solu&#231;&#245;es e Servi&#231;os Compartilhados Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tornquist Asesores de Seguros S.A. (j)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Toro Corretora de T&#237;tulos e Valores Mobili&#225;rios S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Toro Investimentos S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Totta (Ireland), PLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.87</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Totta Urbe - Empresa de Administra&#231;&#227;o e Constru&#231;&#245;es, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.87</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trainera Venture Finance I, F.C.R.-PYME</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Venture capital fund</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">393</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-377"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills Employment Services - Sole Proprietorship LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Arab United Emirates</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Human resources services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills Employment Services Malaysia SDN. BHD.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Malaysia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills Employment Services Vietnam Company Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Vietnam</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills General Supplies Egypt LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Egypt</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills Information Technology LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Saudi Arabia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills Investment in Commercial Enterprises &amp; Management Co. LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Arab United Emirates</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills Services SPC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Oman</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills South Africa (Pty) Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Republic of South Africa</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Trans Skills Technology Services LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Arab United Emirates</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Transolver Finance EFC, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">51.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Transskills Employer Services Private Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">India</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Capital Corporate S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.90</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Capital Deutschland GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Capital UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Direct Lending, S.G.E.I.C, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Growth Fund II, S.C.R., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Growth Fund III, S.C.R., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Growth Fund Santander, S.C.R., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Private Equity, S.G.E.I.C, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tresmares Santander Direct Lending, SICC, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.67</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.67</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.67</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.67</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fund management company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">TS HR &amp; Payroll Services Morocco SARL AU</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Morocco</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">TVG-Trappgroup Versicherungsvermittlungs-GmbH </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">90.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance brokerage</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia Brasil S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia Chile S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">86.84</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">86.84</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">86.84</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">86.84</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia Colombia S.A.S.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Colombia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia Espa&#241;a Red de Universidades, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.43</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">89.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia Holding, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia M&#233;xico, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia Per&#250;, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.73</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.73</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.73</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.64</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Universia Uruguay, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Internet</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uro Property Holdings, S.A. (b)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">99.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate investment</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">VERT-11 Companhia Securitizadora de Cr&#233;ditos Financeiros</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(a)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Wallcesa, S.A.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">394</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-378"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.790%"><tr><td style="width:1.0%"/><td style="width:32.040%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.616%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.570%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.570%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.497%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.584%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Subsidiaries of Banco Santander, S.A. </span><span style="color:#ec0000;font-family:'Santander Headline',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">% of ownership held by</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Banco Santander</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Percentage of voting power (e)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Year 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">WIM Servicios Corporativos, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Advisory services</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">WTW Shipping Designated Activity Company</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:1pt solid #ea6f5d;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="background-color:#f6f6f6;border-bottom:1pt solid #ea6f5d;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ea6f5d;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:1pt solid #ea6f5d;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ea6f5d;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Leasing</span></td></tr></table></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1219"></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="text-indent:6.66pt"><span><br/></span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;padding-left:6.07pt">Companies over which effective control is maintained.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;padding-left:5.82pt">Accounting merged company, Pending registration.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;padding-left:6.56pt">Companies in liquidation. Pending registration.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">d.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;padding-left:5.83pt">Company in liquidation as at 31 December 2025.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">e.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;padding-left:6.03pt">Pursuant to Article 3 of Royal Decree 1159/ 2010, of 17 September, approving the rules for the preparation of consolidated annual accounts, in order to determine the voting rights, voting rights held directly by the parent company have been added to those held by companies controlled by the parent company or by other persons acting in their own name but on behalf of a Group company. For these purposes, the number of votes corresponding to the parent company, in relation to the companies indirectly dependent on it, is that corresponding to the dependent company that directly participates in the share capital of the latter.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">f.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;padding-left:7.23pt">Company resident for tax purposes in Spain. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">g.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;padding-left:5.83pt">Company resident for tax purposes in the United Kingdom.</span></div><div style="text-indent:6.66pt"><span><br/></span></div><div style="text-indent:6.66pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">(1) Companies issuing preference shares are listed in Annex III, together with other relevant information.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">395</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1225"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-379"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i0e9421c73e574f2289b40771fadc238e"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Appendix II</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.157%"><tr><td style="width:1.0%"/><td style="width:28.432%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.311%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.547%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.731%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.558%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Societies of which Grupo Santander owns more than 5% (c) , entities associated with Grupo Santander and jointly controlled entities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (b)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #ea6f5d;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="border-bottom:1pt solid #ea6f5d;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type of company</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ea6f5d;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Administrador Financiero de Transantiago S.A.</span></td><td colspan="3" style="border-top:1pt solid #ea6f5d;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">13.43</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payments and collection services</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Adprotel Strand, S.L. (consolidado)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">38.20</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">38.20</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">38.20</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aegon Santander Portugal N&#227;o Vida - Companhia de Seguros, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aegon Santander Portugal Vida - Companhia de Seguros Vida, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aeroplan - Sociedade Construtora de Aeroportos, Lda. (a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">19.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Agri Tech Investments Argentina S.A.U.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aguas de Fuensanta, S.A. (a) (e)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.78</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.78</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.78</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Food</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AHLC - Promo&#231;&#227;o Imobili&#225;ria, Lda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">35.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">35.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Alcoaxarqu&#237;a, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Food</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Alma UK Holdings Ltd (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Apolo Vault 1, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Aranguren Comercial de Embalaje, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">9.96</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.90</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Industrial products</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Arneplant, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">11.36</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">28.41</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Footwear and textiles</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Asesor&#237;a Inform&#225;tica Gallega, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">12.54</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">31.34</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Atitlan Agro I, S.C.R., S.A.  (f)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">42.54</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Venture capital company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Attijariwafa Bank Soci&#233;t&#233; Anonyme (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Morocco</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">5.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">5.10</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">5.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">AutoFi Inc. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">9.50</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">9.40</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">E-commerce</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Autopistas del Sol S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">14.17</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">14.17</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">14.17</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Highway concession</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Avanath Affordable Housing IV LLC </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">7.27</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">7.27</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">7.27</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Avanzare Innovaci&#243;n Tecnol&#243;gica, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">12.66</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">31.64</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Technology</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Axle 2023-1 Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco RCI Brasil S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">35.85</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">39.89</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">39.89</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banco S3 Caceis M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Bank of Beijing Consumer Finance Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">China</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Bank of Shanghai Co., Ltd. (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">China</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">6.54</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">6.54</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">6.54</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Biomas &#8211; Servi&#231;os Ambientais, Restaura&#231;&#227;o e Carbono S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">14.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.67</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.67</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Bizum, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.92</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.92</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.92</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Campo Grande Empreendimentos Ltda. (e) (a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.75</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.32</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.32</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inactive</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CaptureNow Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.22</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.22</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Software</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CCPT - ComprarCasa, Rede Servi&#231;os Imobili&#225;rios, S.A.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.98</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.98</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.98</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate services</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">396</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-380"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.157%"><tr><td style="width:1.0%"/><td style="width:28.432%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.311%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.547%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.731%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.558%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Societies of which Grupo Santander owns more than 5% (c) , entities associated with Grupo Santander and jointly controlled entities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (b)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type of company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Centro de Compensaci&#243;n Automatizado S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.38</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.33</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.33</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payments and collection services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Centro para el Desarrollo, Investigaci&#243;n y Aplicaci&#243;n de Nuevas Tecnolog&#237;as, S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Technology</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cicrosa Hidra&#250;lica, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">13.20</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Industrial supplies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CIP S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">15.74</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">17.52</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">17.52</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CNP Santander Insurance Europe Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CNP Santander Insurance Life Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CNP Santander Insurance Services Ireland Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Companhia Promotora UCI</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Compa&#241;ia Espa&#241;ola de Financiaci&#243;n de Desarrollo, Cofides, S.A., SME </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.18</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.18</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.17</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Compa&#241;&#237;a Espa&#241;ola de Seguros de Cr&#233;dito a la Exportaci&#243;n, S.A., Compa&#241;&#237;a de Seguros y Reaseguros (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">23.33</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.55</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">23.88</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">23.88</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Credit insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Compa&#241;&#237;a Espa&#241;ola de Viviendas en Alquiler, S.A. (consolidado)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.07</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.07</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.07</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Compa&#241;&#237;a para los Desarrollos Inmobiliarios de la Ciudad de Hispalis, S.L., en liquidaci&#243;n  (a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.98</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Connecting Visions Ecosystems, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.96</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.96</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">37.56</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Construtora Tenda S/A </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.92</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.05</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">9.43</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Corkfoc Corti&#231;as, S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">27.54</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">27.58</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">27.58</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cork industry</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">CSD Central de Servi&#231;os de Registro e Dep&#243;sito Aos Mercados Financeiro e de Capitais S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.12</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">17.94</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Decus Real Estate, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Delos Financial Technologies, Inc. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.84</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.84</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">DoRes Securitisation S.r.l</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebora 220, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">44.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ebora Evacuaci&#243;n, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Elaia Agro, S.L. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ethias Lease N.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Belgium</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Euro Automatic Cash Entidad de Pago, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">European Hospitality Opportunities S.&#224; r.l. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Evacuaci&#243;n Liquesun, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">35.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electricity production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Evolve SPV S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Exam Papers Plus Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Commerce</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Federal Reserve Bank of Boston </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.38</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.38</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.09</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Banking</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n de Activos UCI 14</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">397</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-381"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.157%"><tr><td style="width:1.0%"/><td style="width:28.432%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.311%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.547%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.731%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.558%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Societies of which Grupo Santander owns more than 5% (c) , entities associated with Grupo Santander and jointly controlled entities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (b)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type of company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n de Activos UCI 15</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n de Activos UCI 16</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n de Activos UCI 17</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n, RMBS Green Prado XI</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n, RMBS Prado IX</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n, RMBS Prado VIII</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fondo de Titulizaci&#243;n, RMBS Prado X</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Aranda, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Cantabria, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Electricity production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Delta, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gas production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Epsilon, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chemical products production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Gamma, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chemical products production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Kappa, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gas production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Lambda, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chemical products production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Omicron, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chemical products production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power Zeta, S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chemical products production</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forest Power, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">55.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Forgepoint Capital International Management Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fortune Auto Finance Co., Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">China</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">FrauDfense, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.33</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.33</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.33</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">IT services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fremman limited (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">32.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Fundo de Investimento em Direitos Credit&#243;rios Multisegmentos NPL Ipanema X Responsabilidade Limitada</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">44.93</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment fund</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gestamp Real Estate Assets 1, S.L. (e)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">43.89</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">43.89</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate management</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gestamp Real Estate Bizkaia, S.L. (e)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.92</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.92</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate management</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gestamp Real Estate Investment 2, S.L. (e)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">37.41</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">37.41</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate management</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gestamp Real Estate Management 3, S.L. (e)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.19</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.19</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate management</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gestora de Intelig&#234;ncia de Cr&#233;dito S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">13.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Collection services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Gire S.A.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">58.23</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">58.33</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">58.33</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payments and collection services</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">398</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-382"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.157%"><tr><td style="width:1.0%"/><td style="width:28.432%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.311%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.547%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.731%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.558%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Societies of which Grupo Santander owns more than 5% (c) , entities associated with Grupo Santander and jointly controlled entities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (b)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type of company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Glenrowan Solar Holdings Pty Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Australia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Global Esmirna, S.L. (en liquidaci&#243;n) (a) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">15.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">37.51</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">HCUK Auto Funding 2017-2 Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">HCUK Auto Funding 2022-1 Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">HCUK Auto Funding 2025-1 Ltd</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Healthy Neighborhoods Equity Fund I LP </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.37</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.37</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.37</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.01%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.01</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Hyundai Corretora de Seguros Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">44.93%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Imperial Holding S.C.A. (a) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.36%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.36</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">36.36</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities investment</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Imperial Management S.&#224; r.l.  (a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.20%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.20</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.20</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Invensa Tradeco UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inverlur Aguilas I, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inverlur Aguilas II, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inversiones ZS Am&#233;rica Dos Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate and property investment</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Inversiones ZS Am&#233;rica SpA</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate and property investment</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Klar Holdings Limited (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cayman Islands</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">7.35%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">7.35</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">LB Oprent, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Industrial machinery rental</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Logitek Software Ltd (e)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.27</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.27</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Software</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mapfre Santander Portugal - Companhia de Seguros, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Massachusetts Business Development Corp. (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.61</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.61</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.61</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">MB Capital Fund IV, LLC </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.51</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.51</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.51</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A. (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.08</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">4.63</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.68</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate investment</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Merlion Aviation One Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(g)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Metrovacesa, S.A. (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">31.94</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">17.46</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.43</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.47</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Nera Agro Holding, S.L. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Nera Paraguay S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Paraguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Nera Uruguay S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ocyener 2008, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">45.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">45.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">45.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Operadora de Activos Beta, S.A. de C.V.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payever GmbH</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">10.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">10.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">10.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Software</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">399</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-383"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.157%"><tr><td style="width:1.0%"/><td style="width:28.432%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.311%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.547%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.731%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.558%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Societies of which Grupo Santander owns more than 5% (c) , entities associated with Grupo Santander and jointly controlled entities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (b)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type of company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Phoenix C1 Aviation Designated Activity Company (a)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(g)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Play Digital S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">13.49</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">13.52</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">14.21</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment platform</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pluxee Beneficios Brasil S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">17.97</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">POLFUND - Fundusz Por&#281;cze&#324; Kredytowych S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.35</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Management</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portland SPV S.r.l.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Prodesa Medioambiente, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">9.80</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.50</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Agricultural projects</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Promontoria Manzana, S.A. (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Proteos Biotech, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">12.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Pharmaceutical</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Redbanc S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.44</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.43</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.43</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Redsys Servicios de Procesamiento, S.L. (consolidado)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.90</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.06</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.96</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.96</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cards</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Resurgence, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">40.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Retama Real Estate, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">R&#237;as Redbanc S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">RMBS Bel&#233;m No.2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Roc Aviation One Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(g)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Roc Shipping One Designated Activity Company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(g)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renting</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">RP Royal Distribution, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">23.73</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">23.73</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Food</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">S3 Caceis Brasil Distribuidora de T&#237;tulos e Valores Mobili&#225;rios S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">S3 Caceis Brasil Participa&#231;&#245;es S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">S3 CACEIS Colombia S.A. Sociedad Fiduciaria</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Colombia</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sancus Green Investments II, S.C.R., S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.02</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.02</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">33.02</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Venture capital company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Allianz Towarzystwo Ubezpiecze&#324; na &#379;ycie S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">28.76</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Allianz Towarzystwo Ubezpiecze&#324; S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">28.76</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Assurance Solutions, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.67</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.67</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">66.67</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Auto S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">44.93</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Caceis Latam Holding 1, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Caceis Latam Holding 2, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Generales Seguros y Reaseguros, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mapfre Hipoteca Inversa, E.F.C., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Mapfre Seguros y Reaseguros, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Seaya Holdco, S.L. (consolidado)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.99</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Servicios de Infraestructura de Mercado OTC S.A</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">8.38</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">12.48</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">12.48</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">400</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-384"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.157%"><tr><td style="width:1.0%"/><td style="width:28.432%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.311%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.547%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.731%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.558%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Societies of which Grupo Santander owns more than 5% (c) , entities associated with Grupo Santander and jointly controlled entities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (b)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type of company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SIBS-SGPS, S.A. (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">15.54</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.55</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">15.56</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Management of portfolios</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">SIG RCRS A/B MF 2023 Venture LLC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Siguler Guff SBIC Fund LP </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Investment company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sistema de Tarjetas y Medios de Pago, S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.61</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.61</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">20.61</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment methods</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sociedad Conjunta para la Emisi&#243;n y Gesti&#243;n de Medios de Pago, E.F.C., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">45.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">45.70</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">45.70</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Payment services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sociedad de Garant&#237;a Rec&#237;proca de Santander, S.G.R. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">24.91</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.22</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.13</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.17</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sociedad de Gesti&#243;n de Activos Procedentes de la Reestructuraci&#243;n Bancaria, S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.21</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.21</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">22.21</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sociedad Interbancaria de Dep&#243;sitos de Valores S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">19.66</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.29</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.29</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securities deposits</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Sociedad Operadora de la C&#225;mara de Compensaci&#243;n de Pagos de Alto Valor S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">9.21</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">13.72</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Solar Maritime Designated Activity Company </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(d)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">STELLANTIS Insurance Europe Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Malta</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">STELLANTIS Life Insurance Europe Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Malta</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Stephens Ranch Wind Energy Holdco LLC (consolidado) </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">15.10</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">15.10</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">15.80</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Renewable energies</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tecnologia Banc&#225;ria S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">17.05</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">19.81</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">18.98</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">ATMs</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Tonopah Solar Energy Holdings I, LLC (e)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">26.80</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">26.80</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">26.80</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Transbank S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.78</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">25.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Cards</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">U.C.I., S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">UCI Greece Credit and Loan Receivables Servicing Company Single Member Societe Anonyme</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Greece</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Financial services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">UCI Holding Brasil Ltda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">UCI Media&#231;&#227;o de Seguros, Unipessoal Lda.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance mediation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">UCI Servicios para Profesionales Inmobiliarios, S.A. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uncapped Limited </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.14</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">29.14</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Unicre-Institui&#231;&#227;o Financeira de Cr&#233;dito, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.83</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.86</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">21.86</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Finance company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uni&#243;n de Cr&#233;ditos Inmobiliarios, S.A. Unipersonal, EFC</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mortgage lending company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Valorhold, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">16.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">39.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">VCFS Germany GmbH</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Marketing</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Venda de Ve&#237;culos Fundo de Investimento em Direitos Credit&#243;rios</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">35.85</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">39.89</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">39.89</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Securitization</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Volvo Car Financial Services UK Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.01</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.01</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Leasing</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Waycarbon Solu&#231;&#245;es Ambientais e Projetos de Carbono S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">68.75</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">50.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Consulting services</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Webmotors S.A.</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">26.96</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">30.00</span></td><td style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Services</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr></table></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">401</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-385"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:79.157%"><tr><td style="width:1.0%"/><td style="width:28.432%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.311%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.547%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.685%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.731%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.558%"/><td style="width:0.1%"/></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Societies of which Grupo Santander owns more than 5% (c) , entities associated with Grupo Santander and jointly controlled entities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Percentage of voting power (b)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year 2024</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type of company</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">WWSO II LLP</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">94.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">94.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Real estate investment</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Brasil Seguros e Previd&#234;ncia S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">48.79</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">48.79</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">48.79</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Holding (Spain), S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Holding Dos (Spain), S.L. Unipersonal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Insurance Am&#233;rica, S.L.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Holding company</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Seguros Argentina S.A. </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Argentine</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Seguros de Vida Chile S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Seguros Generales Chile S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Seguros M&#233;xico, S.A.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Zurich Santander Seguros Uruguay S.A.</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:0 1pt"/><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">49.00</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Associated</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.07pt">Company in liquidation as at 31 December 2025.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.82pt">Pursuant to Article 3 of Royal Decree 1159/ 2010, of 17 September, approving the rules for the preparation of consolidated annual accounts, in order to determine the voting rights, voting rights held directly by the parent company have been added to those held by companies controlled by the parent company or by other persons acting in their own name but on behalf of a group company. For these purposes, the number of votes corresponding to the parent company, in relation to the companies indirectly dependent on it, is that corresponding to the dependent company that directly participates in the share capital of the latter.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.56pt">Excluding the Group companies listed in Appendix I, as well as those which are of negligible interest with respect to the true and fair view that the consolidated financial statements must give (in accordance with articles 48 of the Commercial Code and 260 of the Spanish Companies Act).</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">d.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.83pt">Companies over which joint control is maintained.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">e.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.03pt">Company with no financial information available.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">f.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.23pt">Investment managed discretionally by a manager outside the Santander Group, the voting rights not being, in this case, decisive in determining control of the entity.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">g.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.83pt">Company over which effective control has been lost.</span></div><div style="text-indent:6.66pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">402</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1231"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-386"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:6pt;margin-top:24pt"><span id="i3385c97e037a4593b788f56095c521f6"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Appendix III </span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:67.320%"><tr><td style="width:1.0%"/><td style="width:46.592%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.064%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.987%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.867%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.990%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Issuing subsidiaries of shares and preference shares</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">% of ownership held by Banco Santander</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Company</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Location</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Direct</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Indirect</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Activity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Emisora Santander Espa&#241;a, S.A. Unipersonal (b)</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"/><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK (Structured Solutions) Limited</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Global Issuances B.V. (a)</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Netherlands</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance company</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sovereign Real Estate Investment Trust</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance company</span></td></tr></table></div><div style="text-indent:6.66pt"><span><br/></span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.07pt">Company with tax residence in Spain.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.82pt">Accounting merged company. Pending registration.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">403</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1234"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-387"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i2a2c8c520d744159ad3aa3fcc8825a35"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Appendix IV</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i31bb6fe4d32a4b51b0a721ce073fd399"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Notifications of acquisitions and disposals of investments in 2025</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">(Art. 155 of the Corporate Enterprises Act and Art. 105 of the Securities Market Law). </span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding compliance with Art. 125 of the Securities Market Law, no required notifications were submitted during 2025.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the information required by 155 of the Corporate Enterprises Act, on the shareholdings in which Grupo Santander owns more than 10% of the capital of another company, and the successive acquisitions of more than 5% of the share capital, see appendices I, II and III.</span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">404</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1237"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-388"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i601cbd39ac574cf891bedc4df5924d91"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Appendix V </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i67fd6ba1dc9b4957ae370bc2ab9980c1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Other information on the Group&#8217;s banks</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib93049bbce3c465395e850c46e8005e0"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Following is certain information on the share capital of the Group&#8217;s main banks based on their total assets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6fcb8493d998444db9b0ecdbf1907ede"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">1</span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">. Santander UK plc</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="ia0acbac83b6540bc9b1930a15521238b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:3.27pt">Number of financial equity instruments held by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the Company was a subsidiary of Banco Santander, S.A. and Santusa Holding, S.L.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 12 November 2004 Banco Santander, S.A. acquired the then entire issued ordinary share capital of 1,485,893,636 Ordinary shares of 10p. each. On 12 October 2008 a further 10 billion Ordinary shares of 10p. each were issued to Banco Santander, S.A. and an additional 12,631,375,230 Ordinary shares of 10p. each were issued to Banco Santander, S.A. on 9 January on 2009. On 3 August 2010, 6,934,500,000 Ordinary shares of 10p. each were issued to Santusa Holding, S.L.. With effect from 10 January 2014, Santander UK Group Holdings Limited, a subsidiary of Banco Santander, S.A. and Santusa Holding, S.L., became the beneficial owner of 31,051,768,866 Ordinary shares of 10p. each, being the entire issued ordinary share capital of the Company, by virtue of a share exchange agreement between Santander UK Group Holdings Limited, Banco Santander, S.A. and Santusa Holding, S.L.. Santander UK Group Holdings Limited became the legal owner of the entire issued Ordinary share capital of the Company on 1 April 2014 and on 25 March 2015 became a public limited company and changed its name from Santander UK Group Holdings Limited to Santander UK Group Holdings plc. In addition to this, there are 325,000,000 Non-Cumulative Non-Redeemable 10.375% and 8.625% Sterling Preference Shares of GBP 1.00 each. In addition to this there were 13,780 Series A Fixed (6.222%)/Floating Rate Non-Cumulative Callable Preference Shares of GBP 1.00 each which were redeemed and cancelled in their entirety on 24 May 2019. The legal and beneficial title to the entire issued Preference share capital is held by third parties and is not held by Banco Santander, S.A. </span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i0bca479ed62a44dcab83af597c7c44dc"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:2.92pt">Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, there were no approved capital increases.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="ia4dc5fe013d541faab0b0960555eb68a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:4.06pt">Share capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The shareholders resolved at the Annual General Meeting held on 30 June 2025, to authorise unconditionally, the company to carry out the following repurchases of the  share capital: </span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="ia30252b162d14187afc156530d68f2fa"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">(1) To buy back its own 8.625% Sterling Preference shares on the following terms:</span></div><div style="margin-bottom:1pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="ia21105f424a349358a7e6302018e5282"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">(a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:1.16pt">The Company may buy back up to 125,000,000 8.625% Sterling Preference shar<span id="i90bab23621f34b57b5de4b985a6fc11d"></span></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">es;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">(b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:1.28pt">The lowest price which the Company can pay for 8.625% Sterling Preference shares is 75% of the average of the market values of the preference shares for five business days before the purchase is made; and</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">(c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.19pt">The highest price (not including expenses) which the Company can pay for each 8.625% Sterling Preference share is 125% of the average of the market values of the preference shares for five business days before the purchase is made.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This authority shall begin on the date of the passing of this resolution and end on the conclusion of the next Annual General Meeting of the Company. The Company may agree, before this authorisation ends, to buy back its own 8.625% preference shares even though the purchase may be completed after this authorisation ends.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i378cfdbbf55b419a8bdda542e10d5769"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">(2) To buy back its own 10.375% Sterling Preference shares on the following terms:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">(a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:1.58pt">The Company may buy up to 200,000,000 10.375% Sterling Preference shares;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">(b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:1.28pt">The lowest price which the Company can pay for 10.375% Sterling Preference shares is 75% of the average of the market values of the preference shares for five business days before the purchase is made; and</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">(c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.19pt">The highest price (not including expenses) which the Company can pay for each 10.375% Sterling Preference share is 125% of the average of the market values of the preference shares for five business days before the purchase is made.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This authority shall begin on the date of the passing of this resolution and end on the conclusion of the next Annual General Meeting of the Company. The Company may agree, before this authorisation ends, to buy back its own 10.375% preference shares even though the purchase may be completed after this authorisation ends.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id9adb82059524917b409e40e0b1756f1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic39f9925f7a442aea2090ba889f69ad7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances that restrict the availability of reserves</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie8122045b8b9457f84a7ed4405b822cb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i55545ad86b424465a30bdcd63694cc47"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The preference share capital of Santander UK plc is traded on the London Stock Exchange under the following details:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">10.375% Sterling Preference - ISIN: GB0000064393</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">8.625% Sterling Preference - ISIN: GB0000044221</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i28c28c2eaa98427e94860d3f773f9bd8"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">2. Santander Financial Services plc  </span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i9dfdaffc48ba41e0bb6f326f43aac072"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:3.27pt">Number of financial equity instruments held by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group holds ordinary shares amounting to GBP 249,998,000 through Santander UK Group Holdings plc (249,998,000 ordinary shares with a par value of GBP 1 each).</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">405</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-389"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group also holds 1,000 tracker shares (shares without voting rights but with preferential dividend rights) amounting to GBP 1,000 and 1,000 B tracker shares amounting to GBP 1,000 through Santander UK Group Holdings plc, both with a par value of GBP 1 each.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the company issued GBP 50 million additional tier 1 (AT ) capital securities to Santander UK Group Holdings plc on 19 December 2022.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="ia375dd661efd4119a1d4f43581442017"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:2.92pt">Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">No approved capital increases are in progress.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i59061c553a4f4b1892805b3b37ceb5f6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:4.06pt">Capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i4d2ccec5ac38409395891b5786e76073"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:2.93pt">Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="id676adaba8f44ce29adf71b66defe958"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:3.21pt">Specific circumstances that restrict the availability of reserves</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="ib6ee9bc89bc6464a822fe56b3133e6c8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:4.84pt">Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i725998cf156343549a3d22c5a611fa64"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g)</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:2.93pt">Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i14075c13772a4662a75ae7238a0f183a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">3. Banco Santander (Brasil) S.A.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie8bc3bca246d4025801043f05e8ac2c6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Number of financial equity instruments held by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group holds 3,440,170,512 ordinary shares and 3,273,507,089 preference shares through Banco Santander, S.A. and its subsidiaries Sterrebeeck B.V. and Grupo Empresarial Santander, S.L.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The shares composing the share capital of Banco Santander (Brasil) S.A. have no par value and there are no pending payments. At 2025 year-end, the bank&#8217;s treasury shares consisted of 13,666,460 ordinary shares and 13,666,460 preferred shares, with a total of 27,332,920 shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with current Bylaws (Article 5.7), the preference shares do not confer voting rights on their holders, except under the following circumstances:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.31pt">In the event of transformation, merger, consolidation or spin-off of the company.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">In the event of approval of agreements between the company and the shareholders, either directly, through third parties or other companies in which the shareholders hold a stake, provided that, due to legal or Bylaws provisions, they are submitted to a general meeting.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.92pt">In the event of an assessment of the assets used to increase the company&#8217;s share capital.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The General Assembly may, at any moment decide to convert the preference shares into ordinary shares, establishing a reason for the conversion.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, the preference shares do have the following advantages (Article 5.6):</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.31pt">Their dividends are 10% higher than those distributed to ordinary shares.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Priority in the dividends distribution.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.92pt">Participation, on the same terms as ordinary shares, in capital increases resulting from the reserves and profits capitalization and in the distribution of bonus shares arising from the capitalization of retained earnings, reserves or any other funds.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Priority in the reimbursement of capital in the event company&#8217;s dissolution.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">e)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.25pt">In the event of a public offering due to a change in control of the company, the holders of preferred shares are guaranteed the right to sell the shares at the same price paid for the block of shares transferred as part of the change of control, i.e. they are treated the same as shareholders with voting rights.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if869db1670a343cfbaa7075de3bd57fe"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b) Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">No approved capital increases are in progress.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic0b1473bf84344149c015cd4fdf97b96"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The company is authorised to increase share capital, subject to approval by the board of directors, up to a limit of 9,090,909,090 ordinary shares or preferred shares, and without need to maintain any ratio between any of the different classes of shares, provided they remain within the limits of the maximum number of preferred shares provided in Law.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, the share capital consists of 7,498,531,051 shares (3,818,695,031 ordinary shares and 3,679,836,020 preferred shares).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie2a28aba16e54ce6aee275fb0f4c51cd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the general meeting held on 21 December 2016 the shareholders approved the rules relating to the deferred remuneration plans for the directors, management and other employees of the company and of companies under its control. Shares delivery is linked to achievement of certain targets. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">At the general meeting held on April 26, 2024, the shareholders approved an adjustment to the relevant regulations for the calculation of the average period of daily quotations for the purposes of bonus payments.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i144d87b5464f45f4ad1585b7ac3c0810"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances that restrict reserves availability</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The only restriction on the availability of Banco Santander (Brasil) S.A.&#8217;s reserves is connected to the requirement for the legal reserve formation (restricted reserves), which can only be used to offset losses or to increase capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The legal reserve requirement is set-forth in Article 193 of the Brazilian Corporations Law, which establishes that before allocating profits to any other purpose, 5% of profits must be transferred to the legal reserve, which must not exceed 20% of the company&#8217;s share capital.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">406</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-390"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i398ccec7c0ba444e8a9ea078425347b1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib56a5ad92397418f96b58bc552c0ca56"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All the shares are listed on the S&#227;o Paulo Stock Exchange ( B3 - Brasil, Bolsa, Balc&#227;o) and the shares deposit certificates (American Depositary Receipts - ADR) are listed on the New York Stock Exchange (NYSE).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib01a20df5f1349f6a0243796491975e2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">4. Santander Bank, National Association</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i66925ab735ef486f8255d67525351e98"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Number of financial equity instruments held by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">At 31 December, 2025, the Group held 530,391,043 ordinary shares that carry the same voting and dividend acquisition rights over Santander Holdings USA, Inc. (SHUSA). This </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-style:italic;font-weight:400;line-height:130%">holding</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%"> company holds 1,237 ordinary shares of Santander Bank, National Association (SBNA) with a par value of USD 1 each, which carry the same voting rights and constitute all the share capital of SBNA. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">Prior to 1 December, 2025, SHUSA held an 80.84% ownership interest in SBNA, and the remaining 19.16 % was held by Independence Community Bank Corp. (ICBC), a wholly owned subsidiary of SHUSA.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:12pt;font-weight:400;line-height:130%">  </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">ICBC was dissolved and its ownership interest in SBNA was distributed in liquidation to SHUSA on 1 December, 2025. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">There is no shareholders&#8217; meeting for the ordinary shares of SBNA.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5be235a3f7944bc5aa6c578bf0cffef5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b) Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 there were no approved capital increases.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5bf790a8302f4095bc9ce767e1d7eae3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibab88ff489b241cebff4d510395b8ef1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i74bd14e480c24686bebbfbdfb39aec3c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances that restrict the availability of reserves</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifd13d1ce43574a078f470b3fd52ba4a5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i20f80b2039404099900ef9eced9b04b7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic21a6f10c5fb42a1a16826ca18b06fb1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">5. Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="idab623f4caf646529d842e3a370c00b0"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Number of financial instruments of capital held by the group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Financiero Santander M&#233;xico, S.A. de C.V. ('Grupo Financiero') and Gesban M&#233;xico Servicios Administrativos Globales, S.A. de C.V. (M&#233;xico), hold 5,088,000,736 shares which represent the 74.97% of the capital stock of  Banco Santander M&#233;xico and Banco Santander, S.A. holds 1,691,806,903 shares which represent the 24.92% of such capital stock. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On November 30, 2022, an Extraordinary Shareholders' Meeting of Banco Santander M&#233;xico, was held at which it was approved (a) to cancel the registration of all of the shares representing the capital stock of the Company in the National Securities Registry (RNV) maintained by the National Banking and Securities Commission and to delist them from the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.), and (b) delist the American Depositary Shares (each representing five series 'B' shares of the Company) from the New York Stock Exchange and delist the Company's series 'B' shares and such American Depositary Shares from registration with the US Securities and Exchange Commission; and (c) to conduct certain tender offers for the series 'B' shares representing the capital stock of the Company and the American Depositary Shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Tender offers for the acquisition of shares were carried out from February 7 to April 10, 2023, where Banco Santander, S.A. acquired a total of 244,306,313 series 'B' shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Once the offers were finalized and in accordance with the Mexican regulation, on May 8, 2023, a trust was established for a period of 6 months, to carry out the acquisition of shares of Banco Santander M&#233;xico, including those represented by American Depositary Shares listed on the New York Stock Exchange (which were not owned at that time by Banco Santander, S.A. or its subsidiaries) owned by shareholders who did not participate in the tender offers made by Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On May 4 and 12, 2023, respectively, Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico, was delisted from the New York Stock Exchange, LLC and the RNV .</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On November 8, 2023, the trust ended; as a result, Banco Santander, S.A. repurchased 9,243,880 series 'B' shares from shareholders who did not participate in the tender offers, leaving a total of 1,714,399 shares of the series 'B' in the hands of minority shareholders.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On February 13, 2024, an Extraordinary Shareholders' Meeting of Banco Santander M&#233;xico, S.A. was held, at which it was approved to amend the Bylaws of the Institution to remove the obligations established by the Securities Market Law as a public company.</span></div><div style="margin-top:9pt"><span id="ia32f811fdae64473a8ca0883c8244ef8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:106%">b) Ongoing capital stock increases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To this date there are not ongoing capital stock increases.</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">407</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-391"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i380667e5568f4f189d83e6dff9328e29"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Authorized Capital  by the Shareholders Meeting.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On April 20, 2021, the Company held an Extraordinary General Shareholders' Meeting, at which, among other items, it was approved an increase in the authorized capital stock of the Company to  6,825,447,481.00 Mexican pesos  represented by 1,805,300,000 unsubscribed and unpaid shares, which are held in treasury so that the Company may issue Capital Instruments representing non-preferred subordinated debt, perpetual nature and convertible into ordinary shares, together with the corresponding amendment to the Company&#8217;s Bylaws. This increase was approved by the National Banking and Securities Commission (CNBV) through official communication number 312-3/10039041/2021 dated November 8, 2021.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result of said agreement, the Company requested the update of the registration of the shares representing the capital stock of Banco Santander Mexico, S.A. in the RNV, which was authorized by the CNBV through official communication number 153/2800/2022 dated May 20, 2022.In the aforementioned official communication, it was requested that the Company adjusted the amounts in pesos corresponding to the capital stock to include cents, and therefore, through an Extraordinary General Stockholders' Meeting held on July 19, 2022, the corresponding adjustment was made, which was authorized by the CNBV through official communication number 312-3/93573/2023 dated January 3, 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The  capital stock of the Bank is 32,485,600,109.44 Mexican pesos  represented by a total of 8,592,294,357  shares with a nominal value of 3.780782962 Mexican pesos each one; divided in 4,385,824,012  stocks  'F' series and 4,206,470,345 shares  'B' series. The capital stock is constituted as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> Subscribed and paid-in capital of the Bank is 25,660,152,628.14 Mexican pesos represented by a total of 6,786,994,357  shares with a nominal value of 3.780782962 Mexican pesos  each one; divided in 3,464,309,145 shares 'F' series and 3,322,685,212 shares series. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The authorized capital stock for the conversion of obligations into shares of the Company is  6,825,447,481.30 Mexican pesos,  represented by a total of 1,805,300,000  shares with a nominal value of  3,780782962 Mexican pesos  each; divided into 921,514,867  series 'F' shares and 883,785,133  series 'B shares'. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0093d47598264819bcd877caf5ebbd10"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%"> d) Rights incorporated into parts of founder, bonds or debt, convertible obligations and securities or similar rights.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On September 20, 2018, Banco Santander M&#233;xico, issued and placed equity instruments, subordinated, preferential, and not convertible into shares, governed by foreign law, representative of the complementary part of the net capital of Banco Santander Mexico (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">tier 2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> subordinated preferred capital notes), for the amount of 1,300 million American dollars (the 'Instruments'), whose resources were used mainly for the acquisition of the 94.07% of the Subordinated Notes 2013. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On June 15, 2020, the Bank&#8217;s Shareholders' Meeting was held, which approved to increase the debt securities issuance in order to be settled in the amount of 10,000 million American dollars, to be used considering the following, among others: i) issuance of debt securities in local and international markets; ii) senior or subordinated debt, including in both cases preferred and not preferred securities, and debt securities classified as capital on a regulatory point of view. The board of directors on its meeting held on June 18, 2020, ratified the 10,000 million American dollars limit approved by the above mentioned Shareholders Meeting.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On April 20, 2021, a General Extraordinary Shareholders' Meeting of Banco Santander M&#233;xico was held, where among other issues, it was approved that the Bank may issue subordinated non preferential perpetual and convertible capital notes, to be placed abroad, in accordance with the Banco de Mexico authorization. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On September 15, 2021, Banco Santander Mexico issued abroad the 'Perpetual Subordinated Non-Preferred Contingent Convertible Additional Tier 1 Notes', up to an amount of 700 million American dollars. On the same date, the Bank paid the '2016 Obligations' issued by the Bank, on a fixed initial rate of 4.625% up to an amount of 700 million American dollars.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On January 25, 2024, the Bank&#8217;s board of directors approved, among others, the issuance of preferred subordinated Notes </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">tier 2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> abroad, up to 1,500 million American dollars. Subsequently, the General Shareholders Meeting dated February 27, 2024, approved the issuance of capital instruments as part of the complementary capital (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">tier 2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">), to be placed abroad, up to an amount of 1,030 million American dollars (900 million American dollars were effectively placed).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On October 17, 2024, the Bank&#8217;s board of directors approved, among others, the issuance of a Senior Note abroad up to an amount of 700 million American dollars.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On April 24, 2025, the Bank&#8217;s board of directors approved, among others, the issuance of Subordinated Preferred </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">tier2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> Notes to be placed abroad, for the amount of 1,200 million American dollars during 2025. Subsequently, the Bank&#8217;s General Shareholders Meeting dated June 17, 2025, approved the issuance of capital instruments as part of the complementary capital (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">tier 2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">), to be placed abroad, up to an amount of 1,200 million US dollars (the total amount was effectively placed).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The approved debt issuance of Banco Santander M&#233;xico, S.A., Instituci&#243;n de Banca M&#250;ltiple, Grupo Financiero Santander M&#233;xico is currently composed as follows:</span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">408</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-392"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:31.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.159%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.122%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:24.381%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.901%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Instrument</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Term</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Available</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance Program of unsecured bonds and unsecured certificates of deposit</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revolving</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">04-Mar-2026</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,000 million Mexican pesos, or its equivalent in UDIs, dollars or any other foreign currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">$31,870 million Mexican pesos</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Private banking structured bonds Act with subsequent placements (JBSANPRIV 24-1)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10-Oct-2029</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,000 million Mexican pesos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">$0 million Mexican pesos</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Private structured bonds Act with subsequent placements (JBSANPRIV 25-1)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01-Oct-2030</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,000 million Mexican pesos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">$85,889 million Mexican pesos</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public banking structured bonds Act with subsequent placements </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16-Dic-2027</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,000 million Mexican pesos</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">$10,000 million Mexican pesos</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated Notes RegS (2025)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27-Jun-2032</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,200 million American dollars</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital Notes (tier 2 Capital)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1-Oct-2028</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,300 million American dollars</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated Notes, perpetual and convertible (tier 1)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">perpetual</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700 million American dollars</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated Preferred Notes (2024)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21-Mar-2030</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">900 million American dollars</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior Notes 144.&#170;/RegS (2024)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Not revolving</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10-Dic-2029</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700 million American dollars</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr></table></div><div style="margin-bottom:6pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">The issuance of the structured private banking bonds is not revolving. Once placed the amount laid down in the corresponding brochure a new certificate will be issued on the authorized amount.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8ec79204a36b40e481d7a74667c90952"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances restricting the availability of reserves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to the Law of Financial Institutions, general dispositions applicable to financial institutions, General Corporations law and the Bylaws, the Bank has to constitute or increase its capital reserves to ensure the solvency to protect the payments system and the public savings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Bank increases its legal reserve annually accordingly to the results obtained in the fiscal year (benefits).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Bank must constitute the different reserves established in the legal provisions applicable to financial institutions, which are determined accordingly to the qualification granted to credits and they are released when the credit rating improves, or when it is settled.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1085b127fe0a47c2bf645ba3194ae334"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i78818e83bb0a4bb3b87c76593a486211"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">409</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-393"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibee9cce175694905ad7d67ff5fe1fc02"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">6. Banco Santander Totta, S.A</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib47a6b73a49047abbe1ffc4921fbb477"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Number of equity instruments held by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A. owns 1,383,690,177 shares of Banco Santander Totta, S.A..</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander Totta, S.A. own 6.326.736 treasury shares, all of which have a par value of EUR 1 each and identical voting and dividend rights and are subscribed and paid in full.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A. direct participation at Banco Santander Totta, S.A. arise as result of the incorporation by merger of its majority shareholder, Santander Totta, SGPS, S.A. and Taxagest &#8211; Sociedade Gestora de Participa&#231;&#245;es Sociais, S.A.  in Banco Santander Totta, S.A. occurred at February 28, 2025.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic79d3ab1eb5b482b866f8dc203ad431b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b) Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, there were no equity increases in progress.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ied340dea29604f03ac852b3e6b9d81ba"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i737bf50bb7ed47d595dd2ed3589c5db7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie325798add09426193713dcaeb0bd041"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances that restrict the availability of reserves</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Article 296 of the Portuguese Companies&#8217; Code, the legal and merger reserves can only be used to offset losses or to increase capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Non-current asset revaluation reserves are regulated by Decree- Law 31/98, under which losses can be offset or capital increased by the amounts for which the underlying asset is depreciated, amortised or sold.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i41fe559df79c45b6804a4d6f7a087634"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1e27d9e5de0b4c1584cde64f5c8b2ff4"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i25a7bff62ace413b9ba2e6c7a2a5d96a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">7. Santander Consumer Bank AG</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i205ed6825e96490bbdc3a221aea713bb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Number of financial equity instruments held by the Group </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, through Santander Consumer Holding GmbH, the Group held 30,002 ordinary shares with a par value of EUR 1,000 each, all of which carry the same voting rights.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i74ba099936ee48258fb0547a9a333079"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b) Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="idc27a30602254c1c8c1a366cbdce144f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4ef70e50cb1e4a949c837c59e5565b3e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0e26427a43e141999fca3d5db6c310df"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances that restrict the availability of reserves</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7643f1cbd9434f4ba306c2df467dc6e7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i60355408bf6b47adbeabb0a2964113ea"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic7424cf4d11049a5ac5e5e16619c2445"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">8. Banco Santander - Chile</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6e257861cdd84483a0166de387760e40"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Number of equity instruments held by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group holds a 67.18% ownership interest in its subsidiary in Chile corresponding to 126,593,017,845 ordinary shares of Banco Santander - Chile through its subsidiaries: Santander Chile Holding S.A. with 66,822,519,695 ordinary shares, Teatinos Siglo XXI Inversiones S.A., with 59,770,481,573 ordinary shares and Santander Inversiones S.A. with 16,577 fully subscribed and paid ordinary shares that carry the same voting and dividend rights.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic468b80201264288a30aa3b3a9c4f9d3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b) Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, there were no approved capital increases.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7e818a3f9c744d5f8d13ccb9a2344404"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Share capital at 31 December 2025 amounted to CLP 891,302,881,691.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i10d1b317dfca46ffa25112eb59add8d3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i597f0041e39946adb10feb75851e13e1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances that restrict the availability of reserves</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Remittances to foreign investors in relation to investments made under the Statute of Foreign Investment (Decree-Law 600/1974) and the amendments thereto require the prior authorisation of the foreign investment promotion agency.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iddfca6777ca04973b0f39ab3f23529f3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i19300bf813344d98a035d66deff3e5de"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All the shares are listed on the Chilean stock exchanges and, through American Depositary Receipts (ADRs), on the New York Stock Exchange (NYSE).</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">410</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-394"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="iab4b670240434b32b0e0133dbeb6b946"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">9. Santander Bank Polska S.A. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if3880a78562f488eb258622914424c16"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Number of financial equity instruments held by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> At 31 December, 2025, Banco Santander, S.A. held 59,984,148 ordinary shares with a par value of PLN 10 each, all of which carry the same voting rights.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 13 September 2024, Banco Santander sold 5,320,000 shares held in Santander bank Polska S.A. (ca. 5.2% of the in share capital).</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%">On 4 December 2025, Banco Santander sold 3,576,626 shares held in Santander Bank Polska S.A. (ca. 3.5% of the in share capital). </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie5d4bd4399f040bda1ec1d1189bf7ff5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b) Capital increases in progress</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December, 2025, there were no equity increases in progress.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic4616398d442405ead136bce36a4bcca"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Capital authorised by the shareholders at the general meeting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There was no share capital increase in 2025.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="icc8b60266064474892226513b46f5a73"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Rights on founder&#8217;s shares, 'rights' bonds, convertible debentures and similar securities or rights</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2a8853bfa93845d3aec00ffd010e2770"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Specific circumstances that restrict the availability of reserves</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifad30cb1e7aa4ac4af9cd889c2afb410"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">f) Entities outside the Group which own, directly or through subsidiaries, a stake equal to or greater than 10% of the equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Not applicable.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i940364514f6d45bdaad0944afc70bd1b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">g) Equity instruments admitted to trading</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All the shares of Santander Bank Polska S.A. are listed on the Warsaw Stock Exchange.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">411</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1240"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-395"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:24pt"><span id="i64b9cf295ad34b69918d181da757adc8"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Appendix VI </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if2af4313b30e452d932eb962ba5d79ea"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Annual banking report </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander&#8217;s total tax contribution (taxes incurred directly and by third parties, generated in the course of business) is around EUR 22.1 billion, including more than EUR 9.5 billion in taxes incurred directly (corporate income tax, non-recoverable value added tax (VAT) and other indirect taxes, employer Social Security contributions, payroll taxes and other taxes and levies).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This report complies with Article 89 of Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, and its transposition into Spanish law pursuant to Article 87 of Act 10/2014 of 26 June on the regulation, supervision and capital adequacy of credit institutions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> The criteria used to prepare this report were:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6cc61a8883a14279a1e0a963be0f3bf1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">a) Name(s), activities and location</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Appendices I to III to the consolidated financial statements contain details of the companies operating in each jurisdiction, including their name(s), location and activities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander main activity in the jurisdictions where operate is commercial banking. The Group primarily operates in ten markets through subsidiaries that are autonomous in capital and liquidity. This has clear strategic and regulatory advantages, since it limits the risk of contagion between units, imposes a double layer of global and local oversight, and facilitates crisis management and resolution.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i664c51eb025b47249ec3e1d773d13a1c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">b) Turnover and profit or loss before tax</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Turnover in this report is Total income, and profit or loss before tax, Operating profit/(loss) before tax, both as defined and presented in the consolidated income statement that forms part of the consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9787fc4c3f2b4fedab29a826ec0ff777"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">c) Number of full-time equivalent employees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The data on full-time equivalent employees stem from the average headcount of each jurisdiction.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0cdcbda27faf488e974b36a00a224ab7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">d) Tax on profit or loss</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the absence of specific criteria, we have included the amount effectively paid (EUR 4,954 million in 2025, with an effective tax rate of 24.0%) in respect of taxes whose effect is recognized under Income tax in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Taxes effectively paid by the companies in each jurisdiction include:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Supplementary payments relating to income tax returns, usually for prior years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Advances, prepayments, withholdings made or borne in respect of tax on profit or loss for the year. We included taxes borne abroad in the jurisdiction of the company that bore them.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Refunds received with respect to prior years&#8217; returns.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Where appropriate, the amount payable from assessments and litigation relating to these taxes.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The foregoing form part of the cash flow statement and differ from the corporate income tax expense recognized in the consolidated income statement (EUR 5,131 million in 2025, representing an effective rate of 24.9%, see note 27). This is because each country&#8217;s tax regulations establish:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">when taxes must be paid. There is often a mismatch between the payment dates and the generation of the income bearing the tax.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">&#8226;</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">their own calculation criteria to define temporary or permanent restrictions on expense deduction, exemptions and relief or deferrals of certain income, generating the differences between the accounting profit (or loss) and taxable profit (or tax loss) which is ultimately taxed; tax loss carry forwards from prior years, tax credits and/or relief, etc., must also be added. In certain cases, special regimes such as the tax consolidation of companies in the same jurisdiction are established.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id6bc35e9e74e49fe8d4b008bc1042911"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">e) Public subsidies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the context of the legally-required disclosures, this was interpreted as any aid or subsidy in line with the European Commission&#8217;s Guidance on the notion of State aid. Grupo Santander did not receive significant public subsidies in 2025.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">412</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.899%"><tr><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.804%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.457%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.935%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.930%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.569%"/><td style="width:0.1%"/></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">&#160;&#160;&#160;&#160;&#160;</span><img src="san-20251231_g69.gif" alt="HomeCabeceraRojo.gif" style="height:15px;margin-bottom:5pt;vertical-align:text-bottom;width:15px" id="i-396"/></div><div><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_46">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">Auditor's repor</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">t</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_808">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">Consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_820">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">Notes to the consolidated financial statement</a><a style="color:#222222;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">s</a></span></div><div style="padding-left:0.57pt"><span style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%"><a style="color:#ffffff;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:400;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_838">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">Appendi</a><a style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">x</a></span></div><div style="padding-left:0.57pt"><span style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%"><a style="color:#ec0000;font-family:'Wingdings',sans-serif;font-size:7pt;font-weight:700;line-height:121%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1201">l</a></span></div></td><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown of information is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Jurisdiction</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Turnover (EUR million)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Full-time equivalent employees</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross profit or loss before tax (EUR million)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax on profit or loss (EUR million)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Germany</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,759&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,659&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">257&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60&#160;</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina </span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,248&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,964&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">684&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Australia</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Austria</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bahamas</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Belgium</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,687&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,539&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,998&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,204&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bulgaria</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Canada</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">322&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile </span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,668&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,066&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,222&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">China</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Colombia</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,277&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United Arab Emirates</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">2</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,226&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,097&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,625&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">792&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,920&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,915&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,794&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">268&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Denmark</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finland</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">France</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">833&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,020&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">424&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Greece</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hong Kong</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Isle of Man</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">776&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,282&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">316&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Jersey</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Luxembourg</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">744&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">723&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,139&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,311&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,213&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">558&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Norway</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">250&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">527&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Netherlands</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Peru</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">373&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,242&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">3</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,184&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,021&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,069&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal </span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,032&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,393&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,238&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,617&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,876&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">169&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Romania</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#8212;&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Singapore</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sweden</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">332&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Switzerland</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Uruguay</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">640&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,512&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">248&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29&#160;</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated Group Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,390</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">200,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,631</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">&#160;</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div><div style="text-indent:18pt"><span><br/></span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Including the information relating to a branch in the Cayman Islands, the profits of which are taxed in full in Brazil. The contribution of this branch profit before tax from continuing operations is EUR 488 million.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Includes the Corporate Centre. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Including information associated with the business subject to the Poland disposal reported under a single line in the consolidated income statement &#8212; 'profit/(loss) after tax from discontinued operations&#8217; (see note 52.c).</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the Group&#8217;s return on assets (ROA) was&#160;0.84%.</span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">413</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="-sec-extract:summary;margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:6.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.677%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.494%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.761%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.605%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.344%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.161%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.796%"/><td style="width:0.1%"/></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><a style="-sec-extract:exhibit;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_549755823725">Contents</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><a style="-sec-extract:exhibit;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9915">Section1. Certain recast financial information</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"><a style="-sec-extract:exhibit;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9923">Section 2. Consolidated recast financial statements</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%"><a style="-sec-extract:exhibit;color:#ec0000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%;text-decoration:none" href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1339">Exhibits</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div></div><div style="-sec-extract:summary;margin-bottom:6pt;margin-top:24pt"><span id="i3cca5a1e20ec4369afe92486f4194f6c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">Exhibits</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:489.75pt"><tr><td style="width:1.0pt"/><td style="width:67.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:1.75pt"/><td style="width:1.0pt"/><td style="width:1.0pt"/><td style="width:414.25pt"/><td style="width:1.0pt"/></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Exhibit Number</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.54pt;padding-right:3.54pt;text-align:center;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Description</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%;text-decoration:underline" href="exhibit2312025.htm">23.1</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit2312025.htm">Consent of PricewaterhouseCoopers Auditores, S.L.</a></span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">101.SCH</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inline XBRL Taxonomy Extension Schema Document</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">101.CAL</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inline XBRL Taxonomy Extension Calculation Linkbase Document</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">101.LAB</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inline XBRL Taxonomy Extension Label Linkbase Document</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">101.PRE</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inline XBRL Taxonomy Extension Presentation Linkbase Document</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">101.DEF</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inline XBRL Taxonomy Extension Definition Linkbase Document</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We will furnish to the SEC, upon request, copies of any unfiled instruments that define the rights of holders of long-term debt of Santander.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="height:45.35pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:right"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7.5pt;font-weight:700;line-height:140%">414</span></div></div></div><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_9937"></div><hr style="page-break-after:always"/><div style="min-height:90.71pt;width:100%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:12pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:130%">SIGNATURE</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:130%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</span></div><div style="margin-bottom:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.912%"><tr><td style="width:1.0%"/><td style="width:48.212%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.075%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:42.413%"/><td style="width:0.1%"/></tr><tr style="height:0pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:105%">Banco Santander, S.A.</span></td></tr><tr style="height:39pt"><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/></tr><tr style="height:39pt"><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:105%">Date:&#160;&#160;&#160;1&#160;April 2026</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:105%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:105%">/s/ Jos&#233; Garc&#237;a Cantera</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:105%">Name:</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:105%">Jos&#233; Garc&#237;a Cantera</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:105%">Title:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:105%">Chief Financial Officer</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div 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<title>Document</title></head><body><div id="iff174c3396224335973305808a9efe80_1"></div><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit&#160;23.1</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:112%">We hereby consent to the incorporation by reference in the Registration Statements on Form F-4 (No. 333-294235), Form F-3 (No. 333-293987) and on Form S-8 (No.333-293144, No. 333-285208, No. 333-278095, No. 333-269251, No. 333-262484, No. 333-256936, No. 333-238260, No. 333-231568 and No. 333-227289) of Banco Santander, S.A. of our report dated February 27, 2026, except with respect to our opinion on the consolidated financial statements insofar as it relates to the change in reportable segments discussed in Note 52, and the change in the manner in which the company presents certain items in the consolidated income statements discussed in Note 1, as to which the date is April 1, 2026, relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in this Form 6-K. </font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%">&#47;s&#47; PricewaterhouseCoopers Auditores, S.L.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%">Madrid, Spain</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:107%">April 1, 2026</font></div><div><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
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        <link:definition>9952183 - Disclosure - Other financial liabilities</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Provisions" roleURI="http://www.santander.com/role/Provisions">
        <link:definition>9952184 - Disclosure - Provisions</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Otherliabilities" roleURI="http://www.santander.com/role/Otherliabilities">
        <link:definition>9952185 - Disclosure - Other liabilities</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Taxmatters" roleURI="http://www.santander.com/role/Taxmatters">
        <link:definition>9952186 - Disclosure - Tax matters</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Noncontrollinginterests" roleURI="http://www.santander.com/role/Noncontrollinginterests">
        <link:definition>9952187 - Disclosure - Non-controlling interests</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Othercomprehensiveincome" roleURI="http://www.santander.com/role/Othercomprehensiveincome">
        <link:definition>9952188 - Disclosure - Other comprehensive income</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Shareholdersequity" roleURI="http://www.santander.com/role/Shareholdersequity">
        <link:definition>9952189 - Disclosure - Shareholders' equity</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Issuedcapital" roleURI="http://www.santander.com/role/Issuedcapital">
        <link:definition>9952190 - Disclosure - Issued capital</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Sharepremium" roleURI="http://www.santander.com/role/Sharepremium">
        <link:definition>9952191 - Disclosure - Share premium</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Accumulatedretainedearnings" roleURI="http://www.santander.com/role/Accumulatedretainedearnings">
        <link:definition>9952192 - Disclosure - Accumulated retained earnings</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Otherequityinstrumentsandownshares" roleURI="http://www.santander.com/role/Otherequityinstrumentsandownshares">
        <link:definition>9952193 - Disclosure - Other equity instruments and own shares</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Memorandumitems" roleURI="http://www.santander.com/role/Memorandumitems">
        <link:definition>9952194 - Disclosure - Memorandum items</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Hedgingderivatives" roleURI="http://www.santander.com/role/Hedgingderivatives">
        <link:definition>9952195 - Disclosure - Hedging derivatives</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Discontinuedoperations" roleURI="http://www.santander.com/role/Discontinuedoperations">
        <link:definition>9952196 - Disclosure - Discontinued operations</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Interestincome" roleURI="http://www.santander.com/role/Interestincome">
        <link:definition>9952197 - Disclosure - Interest income</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Interestexpense" roleURI="http://www.santander.com/role/Interestexpense">
        <link:definition>9952198 - Disclosure - Interest expense</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Dividendincome" roleURI="http://www.santander.com/role/Dividendincome">
        <link:definition>9952199 - Disclosure - Dividend income</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Commissionincome" roleURI="http://www.santander.com/role/Commissionincome">
        <link:definition>9952200 - Disclosure - Commission income</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Commissionexpense" roleURI="http://www.santander.com/role/Commissionexpense">
        <link:definition>9952201 - Disclosure - Commission expense</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Gainsorlossesonfinancialassetsandliabilities" roleURI="http://www.santander.com/role/Gainsorlossesonfinancialassetsandliabilities">
        <link:definition>9952202 - Disclosure - Gains or losses on financial assets and liabilities</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Exchangedifferencesnet" roleURI="http://www.santander.com/role/Exchangedifferencesnet">
        <link:definition>9952203 - Disclosure - Exchange differences, net</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Otheroperatingincomeandexpenses" roleURI="http://www.santander.com/role/Otheroperatingincomeandexpenses">
        <link:definition>9952204 - Disclosure - Other operating income and expenses</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Staffcosts" roleURI="http://www.santander.com/role/Staffcosts">
        <link:definition>9952205 - Disclosure - Staff costs</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Othergeneraladministrativeexpenses" roleURI="http://www.santander.com/role/Othergeneraladministrativeexpenses">
        <link:definition>9952206 - Disclosure - Other general administrative expenses</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Gainsorlossesonnonfinancialassetsnet" roleURI="http://www.santander.com/role/Gainsorlossesonnonfinancialassetsnet">
        <link:definition>9952207 - Disclosure - Gains or losses on non financial assets, net</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Gainsorlossesonnoncurrentassetsheldforsalenotclassifiedasdiscontinuedoperations" roleURI="http://www.santander.com/role/Gainsorlossesonnoncurrentassetsheldforsalenotclassifiedasdiscontinuedoperations">
        <link:definition>9952208 - Disclosure - Gains or losses on non-current assets held for sale not classified as discontinued operations</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Fairvalueoffinancialinstruments" roleURI="http://www.santander.com/role/Fairvalueoffinancialinstruments">
        <link:definition>9952209 - Disclosure - Fair value of financial instruments</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Otherdisclosures" roleURI="http://www.santander.com/role/Otherdisclosures">
        <link:definition>9952210 - Disclosure - Other disclosures</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Primaryandsecondarysegmentsreporting" roleURI="http://www.santander.com/role/Primaryandsecondarysegmentsreporting">
        <link:definition>9952211 - Disclosure - Primary and secondary segments reporting</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="Relatedparties" roleURI="http://www.santander.com/role/Relatedparties">
        <link:definition>9952212 - Disclosure - Related parties</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Riskmanagement" roleURI="http://www.santander.com/role/Riskmanagement">
        <link:definition>9952213 - Disclosure - Risk management</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="Additionaldisclosures" roleURI="http://www.santander.com/role/Additionaldisclosures">
        <link:definition>9952214 - Disclosure - Additional disclosures</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="AccountingpoliciesPolicies" roleURI="http://www.santander.com/role/AccountingpoliciesPolicies">
        <link:definition>9955511 - Disclosure - Accounting policies (Policies)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="AccountingpoliciesTables" roleURI="http://www.santander.com/role/AccountingpoliciesTables">
        <link:definition>9955512 - Disclosure - Accounting policies (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="GrupoSantanderTables" roleURI="http://www.santander.com/role/GrupoSantanderTables">
        <link:definition>9955513 - Disclosure - Grupo Santander (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="DistributionofBancoSantandersprofitshareholderremunerationschemeandearningspershareTables" roleURI="http://www.santander.com/role/DistributionofBancoSantandersprofitshareholderremunerationschemeandearningspershareTables">
        <link:definition>9955514 - Disclosure - Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="RemunerationandotherbenefitspaidtotheBanksdirectorsandseniormanagersTables" roleURI="http://www.santander.com/role/RemunerationandotherbenefitspaidtotheBanksdirectorsandseniormanagersTables">
        <link:definition>9955515 - Disclosure - Remuneration and other benefits paid to the Bank&#8217;s directors and senior managers (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="LoansandadvancestocentralbanksandcreditinstitutionsTables" roleURI="http://www.santander.com/role/LoansandadvancestocentralbanksandcreditinstitutionsTables">
        <link:definition>9955516 - Disclosure - Loans and advances to central banks and credit institutions (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DebtsecuritiesTables" roleURI="http://www.santander.com/role/DebtsecuritiesTables">
        <link:definition>9955517 - Disclosure - Debt securities (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="EquityInstrumentsTables" roleURI="http://www.santander.com/role/EquityInstrumentsTables">
        <link:definition>9955518 - Disclosure - Equity Instruments (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="TradingderivativesassetsandliabilitiesandshortpositionsTables" roleURI="http://www.santander.com/role/TradingderivativesassetsandliabilitiesandshortpositionsTables">
        <link:definition>9955519 - Disclosure - Trading derivatives (assets and liabilities) and short positions (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="LoansandadvancestocustomersTables" roleURI="http://www.santander.com/role/LoansandadvancestocustomersTables">
        <link:definition>9955520 - Disclosure - Loans and advances to customers (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="TradingderivativesTables" roleURI="http://www.santander.com/role/TradingderivativesTables">
        <link:definition>9955521 - Disclosure - Trading derivatives (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="NoncurrentassetsheldforsaleandliabilitiesassociatedwithnoncurrentassetsheldforsaleTables" roleURI="http://www.santander.com/role/NoncurrentassetsheldforsaleandliabilitiesassociatedwithnoncurrentassetsheldforsaleTables">
        <link:definition>9955522 - Disclosure - Non-current assets held for sale and liabilities associated with non-current assets held for sale (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="InvestmentsTables" roleURI="http://www.santander.com/role/InvestmentsTables">
        <link:definition>9955523 - Disclosure - Investments (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="InsurancecontractslinkedtopensionsTables" roleURI="http://www.santander.com/role/InsurancecontractslinkedtopensionsTables">
        <link:definition>9955524 - Disclosure - Insurance contracts linked to pensions (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="LiabilitiesunderinsurancecontractsTables" roleURI="http://www.santander.com/role/LiabilitiesunderinsurancecontractsTables">
        <link:definition>9955525 - Disclosure - Liabilities under insurance contracts (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="TangibleassetsTables" roleURI="http://www.santander.com/role/TangibleassetsTables">
        <link:definition>9955526 - Disclosure - Tangible assets (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="IntangibleassetsGoodwillTables" roleURI="http://www.santander.com/role/IntangibleassetsGoodwillTables">
        <link:definition>9955527 - Disclosure - Intangible assets - Goodwill (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="IntangibleassetsOtherintangibleassetsTables" roleURI="http://www.santander.com/role/IntangibleassetsOtherintangibleassetsTables">
        <link:definition>9955528 - Disclosure - Intangible assets - Other intangible assets (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="OtherassetsTables" roleURI="http://www.santander.com/role/OtherassetsTables">
        <link:definition>9955529 - Disclosure - Other assets (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DepositsfromcentralbanksandcreditinstitutionsTables" roleURI="http://www.santander.com/role/DepositsfromcentralbanksandcreditinstitutionsTables">
        <link:definition>9955530 - Disclosure - Deposits from central banks and credit institutions (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="CustomerdepositsTables" roleURI="http://www.santander.com/role/CustomerdepositsTables">
        <link:definition>9955531 - Disclosure - Customer deposits (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="MarketabledebtsecuritiesTables" roleURI="http://www.santander.com/role/MarketabledebtsecuritiesTables">
        <link:definition>9955532 - Disclosure - Marketable debt securities (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="SubordinatedliabilitiesTables" roleURI="http://www.santander.com/role/SubordinatedliabilitiesTables">
        <link:definition>9955533 - Disclosure - Subordinated liabilities (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="OtherfinancialliabilitiesTables" roleURI="http://www.santander.com/role/OtherfinancialliabilitiesTables">
        <link:definition>9955534 - Disclosure - Other financial liabilities (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="ProvisionsTables" roleURI="http://www.santander.com/role/ProvisionsTables">
        <link:definition>9955535 - Disclosure - Provisions (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="OtherliabilitiesTables" roleURI="http://www.santander.com/role/OtherliabilitiesTables">
        <link:definition>9955536 - Disclosure - Other liabilities (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="TaxmattersTables" roleURI="http://www.santander.com/role/TaxmattersTables">
        <link:definition>9955537 - Disclosure - Tax matters (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="NoncontrollinginterestsTables" roleURI="http://www.santander.com/role/NoncontrollinginterestsTables">
        <link:definition>9955538 - Disclosure - Non-controlling interests (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="OthercomprehensiveincomeTables" roleURI="http://www.santander.com/role/OthercomprehensiveincomeTables">
        <link:definition>9955539 - Disclosure - Other comprehensive income (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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  <xs:element id="san_DisclosureOfDetailedInformationOnOffshoreTerritoriesTableTextBlock" abstract="false" name="DisclosureOfDetailedInformationOnOffshoreTerritoriesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
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  <xs:element id="san_DisclosureOfFeeAndCommissionIncomeTableTextBlock" abstract="false" name="DisclosureOfFeeAndCommissionIncomeTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfFeeAndCommissionsExpenseTableTextBlock" abstract="false" name="DisclosureOfFeeAndCommissionsExpenseTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfGainsLossesOnFinancialAssetsAndLiabilitiesTableTextBlock" abstract="false" name="DisclosureOfGainsLossesOnFinancialAssetsAndLiabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfExchangeDifferencesNetTableTextBlock" abstract="false" name="DisclosureOfExchangeDifferencesNetTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfFinancialAssetsAtFairValueThroughProfitOrLossTableTextBlock" abstract="false" name="DisclosureOfFinancialAssetsAtFairValueThroughProfitOrLossTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfFinancialLiabilitiesAtFairValueThroughProfitOrLossTableTextBlock" abstract="false" name="DisclosureOfFinancialLiabilitiesAtFairValueThroughProfitOrLossTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfOtherOperatingIncomeExpenseTableTextBlock" abstract="false" name="DisclosureOfOtherOperatingIncomeExpenseTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfDetailedInformationAboutPersonnelExpensesExplanatoryTableTextBlock" abstract="false" name="DisclosureOfDetailedInformationAboutPersonnelExpensesExplanatoryTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfDetailedInformationAboutEmployeeByGenderExplanatoryTableTextBlock" abstract="false" name="DisclosureOfDetailedInformationAboutEmployeeByGenderExplanatoryTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfNumberOfEmployeesWithDisabilitiesTableTextBlock" abstract="false" name="DisclosureOfNumberOfEmployeesWithDisabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfTermsAndConditionsOfDeferredVariableRemunerationPlansTableTextBlock" abstract="false" name="DisclosureOfTermsAndConditionsOfDeferredVariableRemunerationPlansTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfOtherGeneralAndAdministrativeExpenseTableTextBlock" abstract="false" name="DisclosureOfOtherGeneralAndAdministrativeExpenseTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfTechnicalReportsAndOtherTableTextBlock" abstract="false" name="DisclosureOfTechnicalReportsAndOtherTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfNumberOfOfficesTableTextBlock" abstract="false" name="DisclosureOfNumberOfOfficesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_ScheduleOfGainsLossesOnDisposalOfAssetsNotClassifiedAsNonCurrentAssetsHeldForSaleTableTextBlock" abstract="false" name="ScheduleOfGainsLossesOnDisposalOfAssetsNotClassifiedAsNonCurrentAssetsHeldForSaleTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_ScheduleOfGainsLossesOnDisposalOfNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperationsTableTextBlock" abstract="false" name="ScheduleOfGainsLossesOnDisposalOfNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperationsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" abstract="false" name="DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfFairValueOfFinancialInstrumentsMeasurementBasedOnInternalModelsTableTextBlock" abstract="false" name="DisclosureOfFairValueOfFinancialInstrumentsMeasurementBasedOnInternalModelsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementsOfAssetsAndLiabilitiesTableTextBlock" abstract="false" name="DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementsOfAssetsAndLiabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfChangesInFairValueOfFinancialAssetsAndLiabilitiesCalculatedUsingInternalModelsTableTextBlock" abstract="false" name="DisclosureOfChangesInFairValueOfFinancialAssetsAndLiabilitiesCalculatedUsingInternalModelsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfFinancialAssetsAndLiabilitiesMaturityPeriodsTableTextBlock" abstract="false" name="DisclosureOfFinancialAssetsAndLiabilitiesMaturityPeriodsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_ScheduleOfUndiscountedContractualMaturitiesOfFinancialLiabilitiesAtAmortizedCostByMaturityTableTextBlock" abstract="false" name="ScheduleOfUndiscountedContractualMaturitiesOfFinancialLiabilitiesAtAmortizedCostByMaturityTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_ScheduleOfMaturitiesOfFinancialAssetsLiabilitiesAndMemorandumItemsRecognisedAtOtherThanAmortisedCostTableTextBlock" abstract="false" name="ScheduleOfMaturitiesOfFinancialAssetsLiabilitiesAndMemorandumItemsRecognisedAtOtherThanAmortisedCostTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfEquivalentEuroValueOfAssetsAndLiabilitiesTableTextBlock" abstract="false" name="DisclosureOfEquivalentEuroValueOfAssetsAndLiabilitiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
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  <xs:element id="san_DisclosureOfReconciliationOfUnderlyingResultsToStatutoryResultsTableTextBlock" abstract="false" name="DisclosureOfReconciliationOfUnderlyingResultsToStatutoryResultsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfCreditQualityTableTextBlock" abstract="false" name="DisclosureOfCreditQualityTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfMacroeconomicScenariosTableTextBlock" abstract="false" name="DisclosureOfMacroeconomicScenariosTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfWeightAssociatedWithMacroeconomicScenariosTableTextBlock" abstract="false" name="DisclosureOfWeightAssociatedWithMacroeconomicScenariosTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
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  <xs:element id="san_DisclosureOfMaximumExposureLimitsBasedOnCreditQualityTableTextBlock" abstract="false" name="DisclosureOfMaximumExposureLimitsBasedOnCreditQualityTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfNatureAndExtentOfRisksByRiskFactorTextBlock" abstract="false" name="DisclosureOfNatureAndExtentOfRisksByRiskFactorTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfHighQualityLiquidAssetsTableTextBlock" abstract="false" name="DisclosureOfHighQualityLiquidAssetsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfLiquidityCoverageRatioByComponentTableTextBlock" abstract="false" name="DisclosureOfLiquidityCoverageRatioByComponentTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTableTextBlock" abstract="false" name="ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
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  <xs:element id="san_DisclosureOfBalanceOfPreferenceSharesAndPreferredSecuritiesTableTextBlock" abstract="false" name="DisclosureOfBalanceOfPreferenceSharesAndPreferredSecuritiesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="san_DisclosureOfPreferenceSharesAndPreferredSecuritiesByIssuerTableTextBlock" abstract="false" name="DisclosureOfPreferenceSharesAndPreferredSecuritiesByIssuerTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
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  <xs:element id="san_NumberOfAssociatesJointVenturesOrListedCompaniesOfWhichEntityHoldsMoreThanFivePercentInterest" abstract="false" name="NumberOfAssociatesJointVenturesOrListedCompaniesOfWhichEntityHoldsMoreThanFivePercentInterest" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_RateForWhichGroupHoldingInACompanyIsConsideredSignificantPercent" abstract="false" name="RateForWhichGroupHoldingInACompanyIsConsideredSignificantPercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_IncreaseDecreaseDueToChangesInPresentationMember" abstract="true" name="IncreaseDecreaseDueToChangesInPresentationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ForeignCurrencyExchangeRateChangePercentage" abstract="false" name="ForeignCurrencyExchangeRateChangePercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
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  <xs:element id="san_PositiveImpactOnCommonEquityTierOneCapitalRadio" abstract="false" name="PositiveImpactOnCommonEquityTierOneCapitalRadio" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="san_TypeOfAgreementAxis" abstract="true" name="TypeOfAgreementAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
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  <xs:element id="san_AgreementForTheSaleOfSantanderBankPolskaS.A.Member" abstract="true" name="AgreementForTheSaleOfSantanderBankPolskaS.A.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_SantanderTowarzystwoFunduszyInwestycyjnychS.A.Member" abstract="true" name="SantanderTowarzystwoFunduszyInwestycyjnychS.A.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SantanderTowarzystwoFunduszyInwestycyjnychS.A.AndSantanderBankPolskaS.A.Member" abstract="true" name="SantanderTowarzystwoFunduszyInwestycyjnychS.A.AndSantanderBankPolskaS.A.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_WebsterFinancialCorporationMember" abstract="true" name="WebsterFinancialCorporationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SaleOfProportionOfOwnershipInterestInSubsidiary" abstract="false" name="SaleOfProportionOfOwnershipInterestInSubsidiary" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_GainsLossesOnDisposalOfSubsidiaries" abstract="false" name="GainsLossesOnDisposalOfSubsidiaries" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_PortionOfConsiderationPaidReceivedInCashPerShare" abstract="false" name="PortionOfConsiderationPaidReceivedInCashPerShare" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="san_ConsiderationPaidReceivedInSharesPerShare" abstract="false" name="ConsiderationPaidReceivedInSharesPerShare" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
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  <xs:element id="san_ForeignCurrencyTranslationsNumberOfStages" abstract="false" name="ForeignCurrencyTranslationsNumberOfStages" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_InflationRate" abstract="false" name="InflationRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_ClosingForeignExchangeRateAppliedHyperinflationaryEconomy" abstract="false" name="ClosingForeignExchangeRateAppliedHyperinflationaryEconomy" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="san_ForeignCurrencyRisksAbstract" abstract="true" name="ForeignCurrencyRisksAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="san_PercentageOfReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" abstract="false" name="PercentageOfReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" abstract="false" name="DecreaseInConsolidatedEquityDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" abstract="false" name="DecreaseInConsolidatedProfitDueToReasonablyPossibleAppreciationOfEntitysFunctionalCurrency" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_PercentageOfReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" abstract="false" name="PercentageOfReasonablyPossibleDepreciationOfEntitysFunctionalCurrency" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
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  <xs:element id="san_ProjectQuasarInvestments2017SlMember" abstract="true" name="ProjectQuasarInvestments2017SlMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DefaultRateExpectedIncreasePercentage" abstract="false" name="DefaultRateExpectedIncreasePercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_ImpactOnCreditRiskProvision" abstract="false" name="ImpactOnCreditRiskProvision" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_MaximumBillingsPercentage" abstract="false" name="MaximumBillingsPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_UnrealizedGainLossOfFairValueLessCostsToSellOfNonCurrentAssetsHeldForSale" abstract="false" name="UnrealizedGainLossOfFairValueLessCostsToSellOfNonCurrentAssetsHeldForSale" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_NonCurrentAssetsClassifiedAsHeldForSalePercentage" abstract="false" name="NonCurrentAssetsClassifiedAsHeldForSalePercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_FurnitureMember" abstract="true" name="FurnitureMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OfficeAndComputerEquipmentMember" abstract="true" name="OfficeAndComputerEquipmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_UnrecognisedDeferredTaxLiabilitiesTaxationThatWouldAriseFromUndistributedEarnings" abstract="false" name="UnrecognisedDeferredTaxLiabilitiesTaxationThatWouldAriseFromUndistributedEarnings" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_SantanderConsumerS.A.Member" abstract="true" name="SantanderConsumerS.A.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SantanderConsumerBankPolskaMember" abstract="true" name="SantanderConsumerBankPolskaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ProportionOfOwnershipInterestInSubsidiaryAnnouncedForSale" abstract="false" name="ProportionOfOwnershipInterestInSubsidiaryAnnouncedForSale" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_SaleOfInterestHeldPricePerShare" abstract="false" name="SaleOfInterestHeldPricePerShare" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="san_SaleOfOrdinarySharesInSubsidiaryShares" abstract="false" name="SaleOfOrdinarySharesInSubsidiaryShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_SharesSoldPercentageOfShareCapital" abstract="false" name="SharesSoldPercentageOfShareCapital" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_TSBBankingGroupPlcTSBMember" abstract="true" name="TSBBankingGroupPlcTSBMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CaceisMember" abstract="true" name="CaceisMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CreditAgricoleS.A.Member" abstract="true" name="CreditAgricoleS.A.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ProportionOfOwnershipInterestInAssociateSold" abstract="false" name="ProportionOfOwnershipInterestInAssociateSold" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_GainsLossesOnNoncurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" abstract="false" name="GainsLossesOnNoncurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_BancoSantanderMexicoSAInstitucionDeBancaMultipleGrupoFinancieroSantanderMexicoMember" abstract="true" name="BancoSantanderMexicoSAInstitucionDeBancaMultipleGrupoFinancieroSantanderMexicoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ConsiderationInCashPerAmericanDepositaryShare" abstract="false" name="ConsiderationInCashPerAmericanDepositaryShare" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="san_ExpectedConsiderationInCashPerAmericanDepositaryShare" abstract="false" name="ExpectedConsiderationInCashPerAmericanDepositaryShare" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="san_IncreaseThroughBusinessCombinationsReserves" abstract="false" name="IncreaseThroughBusinessCombinationsReserves" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_AttendanceFeesAndCommissionsMember" abstract="true" name="AttendanceFeesAndCommissionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" abstract="false" name="KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" abstract="false" name="KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" abstract="false" name="KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" abstract="false" name="KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" abstract="false" name="KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationShortTermAndDeferred" abstract="false" name="KeyManagementPersonnelCompensationShortTermAndDeferred" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationOtherEmployeeBenefits" abstract="false" name="KeyManagementPersonnelCompensationOtherEmployeeBenefits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationEmployeeBenefits" abstract="false" name="KeyManagementPersonnelCompensationEmployeeBenefits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" abstract="false" name="KeyManagementPersonnelDirectorsCompensationReceivedFromSubsidiary" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelDirectorsCompensationReceivedLifeAndHealthInsuranceContribution" abstract="false" name="KeyManagementPersonnelDirectorsCompensationReceivedLifeAndHealthInsuranceContribution" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelDirectorsCompensationReceivedWaivingDeathAndDisabilityPolicy" abstract="false" name="KeyManagementPersonnelDirectorsCompensationReceivedWaivingDeathAndDisabilityPolicy" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_SeniorManagementMember" abstract="true" name="SeniorManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" abstract="false" name="KeyManagementPersonnelCompensationVariableCashBasedLongTermEmployeeBenefits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefits" abstract="false" name="KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefitsRSUs" abstract="false" name="KeyManagementPersonnelCompensationVariableShareBasedLongTermEmployeeBenefitsRSUs" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationOtherLongTermEmployeeBenefitsConditionsOfContinuedServicePeriod" abstract="false" name="KeyManagementPersonnelCompensationOtherLongTermEmployeeBenefitsConditionsOfContinuedServicePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationNumberOfVariableLongTermEmployeeBenefitsDeferredRemuneration" abstract="false" name="KeyManagementPersonnelCompensationNumberOfVariableLongTermEmployeeBenefitsDeferredRemuneration" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationVariableLongTermEmployeeBenefitsDeferredRemuneration" abstract="false" name="KeyManagementPersonnelCompensationVariableLongTermEmployeeBenefitsDeferredRemuneration" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_SantanderConsumerUSAHoldingsIncMember" abstract="true" name="SantanderConsumerUSAHoldingsIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_PagoNxtMember" abstract="true" name="PagoNxtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_PagoNxtNominationCommitteeMember" abstract="true" name="PagoNxtNominationCommitteeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SantanderUKPLCAndSantanderUKGroupHoldingsMember" abstract="true" name="SantanderUKPLCAndSantanderUKGroupHoldingsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SantanderInsuranceS.L.Member" abstract="true" name="SantanderInsuranceS.L.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SantanderSpainAndBancoSantanderMember" abstract="true" name="SantanderSpainAndBancoSantanderMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_KeyManagementPersonnelDirectorsCompensationReceivedAsStrategicAdviser" abstract="false" name="KeyManagementPersonnelDirectorsCompensationReceivedAsStrategicAdviser" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_PeriodForInvestmentInBankSharesFromDateOfTermination" abstract="false" name="PeriodForInvestmentInBankSharesFromDateOfTermination" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="san_DefinedBenefitObligationPensionableBaseDeathOrDisabilityPercentage" abstract="false" name="DefinedBenefitObligationPensionableBaseDeathOrDisabilityPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_DefinedBenefitObligationPensionableBasePercentAverageOfLastThreeVariableRemunerationAmounts" abstract="false" name="DefinedBenefitObligationPensionableBasePercentAverageOfLastThreeVariableRemunerationAmounts" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_DefinedBenefitObligationPensionableBaseNumberOfVariableRemunerationAmounts" abstract="false" name="DefinedBenefitObligationPensionableBaseNumberOfVariableRemunerationAmounts" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" abstract="false" name="KeyManagementPersonnelCompensationDefinedContributionPlanBalancesHeld" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_LifeInsuranceMember" abstract="true" name="LifeInsuranceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherDirectorsMember" abstract="true" name="OtherDirectorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_PaymentOfCivilLiabilityInsurancePremium" abstract="false" name="PaymentOfCivilLiabilityInsurancePremium" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ShareBasedVariableRemunerationAward2022Member" abstract="true" name="ShareBasedVariableRemunerationAward2022Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DirectorsRetiredMember" abstract="true" name="DirectorsRetiredMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentRoTEObjectiveWeight" abstract="false" name="VariableRemunerationDeferredPaymentRoTEObjectiveWeight" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentTSRObjectiveNumberOfPeerCreditInstitutions" abstract="false" name="VariableRemunerationDeferredPaymentTSRObjectiveNumberOfPeerCreditInstitutions" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentTSRObjectiveWeight" abstract="false" name="VariableRemunerationDeferredPaymentTSRObjectiveWeight" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentSustainabilityObjectiveNumberOfMetrics" abstract="false" name="VariableRemunerationDeferredPaymentSustainabilityObjectiveNumberOfMetrics" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentSustainabilityObjectiveWeight" abstract="false" name="VariableRemunerationDeferredPaymentSustainabilityObjectiveWeight" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentShortTermNumberOfDeferrals" abstract="false" name="VariableRemunerationDeferredPaymentShortTermNumberOfDeferrals" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentShortTermPercentagePaidInCash" abstract="false" name="VariableRemunerationDeferredPaymentShortTermPercentagePaidInCash" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentShortTermPercentagePaidInShares" abstract="false" name="VariableRemunerationDeferredPaymentShortTermPercentagePaidInShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentLongTermNumberOfDeferrals" abstract="false" name="VariableRemunerationDeferredPaymentLongTermNumberOfDeferrals" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentLongTermPercentagePaidInCash" abstract="false" name="VariableRemunerationDeferredPaymentLongTermPercentagePaidInCash" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentLongTermPercentagePaidInShares" abstract="false" name="VariableRemunerationDeferredPaymentLongTermPercentagePaidInShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="san_ShareBasedCompensationArrangementMaximumAuthorizedAmount" abstract="false" name="ShareBasedCompensationArrangementMaximumAuthorizedAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_VariableRemunerationWeightedAverageSharePricesNumberOfTradingSessions" abstract="false" name="VariableRemunerationWeightedAverageSharePricesNumberOfTradingSessions" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" abstract="false" name="KeyManagementPersonnelCompensationCashPaymentDeferredRemuneration" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ShareBasedVariableRemunerationAward2019Member" abstract="true" name="ShareBasedVariableRemunerationAward2019Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ShareBasedVariableRemunerationAward2020Member" abstract="true" name="ShareBasedVariableRemunerationAward2020Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ShareBasedVariableRemunerationAward2021Member" abstract="true" name="ShareBasedVariableRemunerationAward2021Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ShareBasedVariableRemunerationAward2023Member" abstract="true" name="ShareBasedVariableRemunerationAward2023Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ShareBasedVariableRemunerationAward2024Member" abstract="true" name="ShareBasedVariableRemunerationAward2024Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ShareBasedVariableRemunerationAward2025Member" abstract="true" name="ShareBasedVariableRemunerationAward2025Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_BancoSantanderBrasilSAMember" abstract="true" name="BancoSantanderBrasilSAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_NumberOfSharesEarnedInShareBasedPaymentArrangement" abstract="false" name="NumberOfSharesEarnedInShareBasedPaymentArrangement" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_NumberOfSharesEarnedInShareBasedPaymentArrangementImmediate" abstract="false" name="NumberOfSharesEarnedInShareBasedPaymentArrangementImmediate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_NumberOfSharesMaturedButNotConsolidatedInShareBasedPaymentArrangement" abstract="false" name="NumberOfSharesMaturedButNotConsolidatedInShareBasedPaymentArrangement" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" abstract="false" name="NumberOfSharesEarnedInShareBasedPaymentArrangementDeferredVariable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_VariableRemunerationDeferredBonusNumberOfPaymentsSubjectToSpecificObjectives" abstract="false" name="VariableRemunerationDeferredBonusNumberOfPaymentsSubjectToSpecificObjectives" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentLongTermMetricAchievementPercentage" abstract="false" name="VariableRemunerationDeferredPaymentLongTermMetricAchievementPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentRoTEObjectiveResult" abstract="false" name="VariableRemunerationDeferredPaymentRoTEObjectiveResult" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentRelativeTSRMetricAchievementRate" abstract="false" name="VariableRemunerationDeferredPaymentRelativeTSRMetricAchievementRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentSustainabilityMetricAchievementRate" abstract="false" name="VariableRemunerationDeferredPaymentSustainabilityMetricAchievementRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentCET1ObjectiveResult" abstract="false" name="VariableRemunerationDeferredPaymentCET1ObjectiveResult" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentCET1ObjectiveTarget" abstract="false" name="VariableRemunerationDeferredPaymentCET1ObjectiveTarget" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentIndividualObjectivesWeight" abstract="false" name="VariableRemunerationDeferredPaymentIndividualObjectivesWeight" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentBPAGrowthResult" abstract="false" name="VariableRemunerationDeferredPaymentBPAGrowthResult" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentBPAGrowthTarget" abstract="false" name="VariableRemunerationDeferredPaymentBPAGrowthTarget" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentTSRMinimumMetricResult" abstract="false" name="VariableRemunerationDeferredPaymentTSRMinimumMetricResult" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentTSRMinimumMetricTarget" abstract="false" name="VariableRemunerationDeferredPaymentTSRMinimumMetricTarget" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_VariableRemunerationDeferredPaymentTSRMaximumMetricTarget" abstract="false" name="VariableRemunerationDeferredPaymentTSRMaximumMetricTarget" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_DirectorRemunerationAbstract" abstract="true" name="DirectorRemunerationAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" abstract="false" name="KeyManagementPersonnelCompensationCashPaymentImmediateRemuneration" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2018Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2018Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2019Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2019Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2020Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2020Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2021Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2021Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" abstract="false" name="MaximumNumberOfShareOptionsToBeDeliveredInShareBasedPaymentArrangementDeferredVariable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_LongTermIncentivePlanMember" abstract="true" name="LongTermIncentivePlanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanMember" abstract="true" name="DeferredConditionalVariableRemunerationPlanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationLongTermAndDeferredCompensationNotLinkedToLongTermObjectivesShares" abstract="false" name="KeyManagementPersonnelCompensationLongTermAndDeferredCompensationNotLinkedToLongTermObjectivesShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_SeniorManagementRetiredMember" abstract="true" name="SeniorManagementRetiredMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_KeyManagementPersonnelCompensationBuyoutsAndSignOnAwards" abstract="false" name="KeyManagementPersonnelCompensationBuyoutsAndSignOnAwards" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_RatioOfVariableToFixedPayComponents" abstract="false" name="RatioOfVariableToFixedPayComponents" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_DiscretionaryPensionBenefitComponentPercentage" abstract="false" name="DiscretionaryPensionBenefitComponentPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAssetHoldingPeriod" abstract="false" name="PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAssetHoldingPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="san_LifeAndAccidentInsuranceCoverageLimit" abstract="false" name="LifeAndAccidentInsuranceCoverageLimit" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2022Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2022Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2023Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2023Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2024Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanAndLinkedToObjectives2024Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FormerDirectorsOfTheBankMember" abstract="true" name="FormerDirectorsOfTheBankMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FormerExecutiveVicePresidentsMember" abstract="true" name="FormerExecutiveVicePresidentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FormerSeniorManagingDirectorsMember" abstract="true" name="FormerSeniorManagingDirectorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ProvisionsForEmployeeBenefitsAndOthersAxis" abstract="true" name="ProvisionsForEmployeeBenefitsAndOthersAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="san_ProvisionsForEmployeeBenefitsAndOthersDomain" abstract="true" name="ProvisionsForEmployeeBenefitsAndOthersDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ProvisionForPostEmploymentDefinedBenefitObligationsMember" abstract="true" name="ProvisionForPostEmploymentDefinedBenefitObligationsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_PostEmploymentBenefitExpenseContributionToInsurancePolicies" abstract="false" name="PostEmploymentBenefitExpenseContributionToInsurancePolicies" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ContractTerminationNoticePeriod" abstract="false" name="ContractTerminationNoticePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="san_LoansAndAdvancesCentralBanksAndCreditInstitutionsMember" abstract="true" name="LoansAndAdvancesCentralBanksAndCreditInstitutionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_TimeDepositsMember" abstract="true" name="TimeDepositsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ReverseRepurchaseAgreementsMember" abstract="true" name="ReverseRepurchaseAgreementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_ImpairedAssetsFinancialInstrumentTypeMember" abstract="true" name="ImpairedAssetsFinancialInstrumentTypeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ValuationAdjustmentForImpairmentFinancialInstrumentTypeMember" abstract="true" name="ValuationAdjustmentForImpairmentFinancialInstrumentTypeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherCurrenciesMember" abstract="true" name="OtherCurrenciesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SpanishGovernmentDebtSecuritiesMember" abstract="true" name="SpanishGovernmentDebtSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSForeignGovernmentDebtSecuritiesMember" abstract="true" name="IFRSForeignGovernmentDebtSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DebtSecuritiesIssuedByFinancialInstitutionsMember" abstract="true" name="DebtSecuritiesIssuedByFinancialInstitutionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherFixedIncomeDebtSecuritiesMember" abstract="true" name="OtherFixedIncomeDebtSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FixedIncomeAssetsMember" abstract="true" name="FixedIncomeAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherEuropeanCountriesMember" abstract="true" name="OtherEuropeanCountriesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherAmericanCountriesMember" abstract="true" name="OtherAmericanCountriesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_RestOfWorldMember" abstract="true" name="RestOfWorldMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_PrivateFixedIncomeDebtSecuritiesMember" abstract="true" name="PrivateFixedIncomeDebtSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_FinancialAssetsPercentage" abstract="false" name="FinancialAssetsPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_IFRSStandardPoorsAAARatingMember" abstract="true" name="IFRSStandardPoorsAAARatingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSStandardPoorsAARatingMember" abstract="true" name="IFRSStandardPoorsAARatingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSStandardPoorsARatingMember" abstract="true" name="IFRSStandardPoorsARatingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSStandardPoorsBBBRatingMember" abstract="true" name="IFRSStandardPoorsBBBRatingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSStandardPoorsBelowBBBRatingMember" abstract="true" name="IFRSStandardPoorsBelowBBBRatingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_UnratedMember" abstract="true" name="UnratedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SecuritizedMortgageBondsMember" abstract="true" name="SecuritizedMortgageBondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherAssetBackBondsMember" abstract="true" name="OtherAssetBackBondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSEuropeanUnionMember" abstract="true" name="IFRSEuropeanUnionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSAmericaMember" abstract="true" name="IFRSAmericaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FinancialAssetsSharesOfDomesticCompaniesMember" abstract="true" name="FinancialAssetsSharesOfDomesticCompaniesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FinancialAssetsSharesOfForeignCompaniesMember" abstract="true" name="FinancialAssetsSharesOfForeignCompaniesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_AdditionsDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeNet" abstract="false" name="AdditionsDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeChangesInTheRVHedgedBeforeTax" abstract="false" name="GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeChangesInTheRVHedgedBeforeTax" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_OtherRisksMember" abstract="true" name="OtherRisksMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SantanderUSCapitalMarketsLLCMember" abstract="true" name="SantanderUSCapitalMarketsLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FinancialLiabilitiesAttributableToBorrowedSecurities" abstract="false" name="FinancialLiabilitiesAttributableToBorrowedSecurities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_FinancialLiabilitiesAttributableToShortSales" abstract="false" name="FinancialLiabilitiesAttributableToShortSales" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_LoansAndAdvancesToCustomersTable" abstract="true" name="LoansAndAdvancesToCustomersTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="san_LoansAndAdvancesToCustomersLineItems" abstract="true" name="LoansAndAdvancesToCustomersLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="san_CommercialCreditMember" abstract="true" name="CommercialCreditMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SecuredLoansReceivableMember" abstract="true" name="SecuredLoansReceivableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherTermLoansReceivablesMember" abstract="true" name="OtherTermLoansReceivablesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_FinanceLeaseLoansMember" abstract="true" name="FinanceLeaseLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ReceivableOnDemandMember" abstract="true" name="ReceivableOnDemandMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CreditCardsReceivablesMember" abstract="true" name="CreditCardsReceivablesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_RestOfEuropeMember" abstract="true" name="RestOfEuropeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_NoRatingMember" abstract="true" name="NoRatingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_PublicSectorMember" abstract="true" name="PublicSectorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LoansAndReceivablesWithoutConsideringPublicAdministrationMember" abstract="true" name="LoansAndReceivablesWithoutConsideringPublicAdministrationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_BusinessCombinationsCarriedOutMember" abstract="true" name="BusinessCombinationsCarriedOutMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LoansAndAdvancesToCustomersTableLineItems" abstract="true" name="LoansAndAdvancesToCustomersTableLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="san_CreditExposurePercentage" abstract="false" name="CreditExposurePercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_ConstructionAndPropertyDevelopmentLoansMember" abstract="true" name="ConstructionAndPropertyDevelopmentLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CivilEngineeringConstructionLoansMember" abstract="true" name="CivilEngineeringConstructionLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CorporateLoansToLargeCompaniesMember" abstract="true" name="CorporateLoansToLargeCompaniesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CorporateLoansToSMEsAndIndividualEntrepreneursMember" abstract="true" name="CorporateLoansToSMEsAndIndividualEntrepreneursMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ResidentialLoansMember" abstract="true" name="ResidentialLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherPurposesLoansMember" abstract="true" name="OtherPurposesLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_Collateral1Axis" abstract="true" name="Collateral1Axis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="san_Collateral1Domain" abstract="true" name="Collateral1Domain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_OtherThanPropertyCollateralPledgedMember" abstract="true" name="OtherThanPropertyCollateralPledgedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherFinancialInstitutionsMember" abstract="true" name="OtherFinancialInstitutionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_NonFinancialCorporationsAndIndividualEntrepreneursMember" abstract="true" name="NonFinancialCorporationsAndIndividualEntrepreneursMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_HouseholdsOtherMember" abstract="true" name="HouseholdsOtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LoanToValue1Axis" abstract="true" name="LoanToValue1Axis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="san_LoanToValue1Domain" abstract="true" name="LoanToValue1Domain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LTBLessThanOrEqualTo40PercentMember" abstract="true" name="LTBLessThanOrEqualTo40PercentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LTV40To60PercentMember" abstract="true" name="LTV40To60PercentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LTV60To80PercentMember" abstract="true" name="LTV60To80PercentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IFRSLTV80To100PercentMember" abstract="true" name="IFRSLTV80To100PercentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LTVMoreThan100PercentMember" abstract="true" name="LTVMoreThan100PercentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LoansToCustomersNetOfImpairmentLosses" abstract="false" name="LoansToCustomersNetOfImpairmentLosses" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_RefinancedAndRestructuredTransactions" abstract="false" name="RefinancedAndRestructuredTransactions" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_AdvancesToCustomers" abstract="false" name="AdvancesToCustomers" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndFinancialAssetsAtAmortisedCostMember" abstract="true" name="FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndFinancialAssetsAtAmortisedCostMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" abstract="false" name="IncreaseDecreaseThroughTransfersFromStage1ToStage2FinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" abstract="false" name="IncreaseDecreaseThroughTransfersFromStage1ToStage3FinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" abstract="false" name="IncreaseDecreaseThroughTransfersFromStage2ToStage3FinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" abstract="false" name="IncreaseDecreaseThroughTransfersFromStage2ToStage1FinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" abstract="false" name="IncreaseDecreaseThroughTransfersFromStage3ToStage2FinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" abstract="false" name="IncreaseDecreaseThroughTransfersFromStage3ToStage1FinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_NetChangesOnFinancialAssets" abstract="false" name="NetChangesOnFinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_FinancialAssetsAtAmortisedCostAndFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" abstract="true" name="FinancialAssetsAtAmortisedCostAndFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughOtherChangesFinancialAssets" abstract="false" name="IncreaseDecreaseThroughOtherChangesFinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_IncreaseDecreaseThroughChangesInScopeOfConsolidationFinancialAssets" abstract="false" name="IncreaseDecreaseThroughChangesInScopeOfConsolidationFinancialAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_EstimatedCollateralHeldValue" abstract="false" name="EstimatedCollateralHeldValue" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_LoansBackedByAssetsRatherThanMortgagesMember" abstract="true" name="LoansBackedByAssetsRatherThanMortgagesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_TradingDerivativesMember" abstract="true" name="TradingDerivativesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OptionContractAndFuturesContractAndOtherDerivativesMember" abstract="true" name="OptionContractAndFuturesContractAndOtherDerivativesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CreditDefaultSwap1Member" abstract="true" name="CreditDefaultSwap1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ForeignCurrencyPurchasesAndSalesMember" abstract="true" name="ForeignCurrencyPurchasesAndSalesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ForeignCurrencyOptionsMember" abstract="true" name="ForeignCurrencyOptionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SecuritiesAndCommoditiesDerivativesAndOtherMember" abstract="true" name="SecuritiesAndCommoditiesDerivativesAndOtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DerivativeFairValue" abstract="false" name="DerivativeFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_AssetsAndLiabilitiesClassifiedAsHeldForSaleTable" abstract="true" name="AssetsAndLiabilitiesClassifiedAsHeldForSaleTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="san_ForeclosedAssetsMember" abstract="true" name="ForeclosedAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherTangibleAssetsMember" abstract="true" name="OtherTangibleAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_AssetsAndLiabilitiesClassifiedAsHeldForSaleLineItems" abstract="true" name="AssetsAndLiabilitiesClassifiedAsHeldForSaleLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="san_ProvisionRecognisedForNonCurrentAssetsHeldForSaleTangibleAssets" abstract="false" name="ProvisionRecognisedForNonCurrentAssetsHeldForSaleTangibleAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_SubordinatedIssueUSGovernmentBondTerm" abstract="false" name="SubordinatedIssueUSGovernmentBondTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="san_SubordinatedIssueUKGovernmentBondTerm" abstract="false" name="SubordinatedIssueUKGovernmentBondTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
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  <xs:element id="san_OtherEquityInstrumentsExpectedCostAllocatedToLoyaltyPrograms" abstract="false" name="OtherEquityInstrumentsExpectedCostAllocatedToLoyaltyPrograms" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_LegalProceedingsAmountOfSharesToBeTransferredByTrustee" abstract="false" name="LegalProceedingsAmountOfSharesToBeTransferredByTrustee" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_PercentageOfPublicNotaryExpensesAndAgencyExpensesToBePaid" abstract="false" name="PercentageOfPublicNotaryExpensesAndAgencyExpensesToBePaid" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_PercentageOfTheRegistryExpensesToBePaid" abstract="false" name="PercentageOfTheRegistryExpensesToBePaid" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_NumberOfJudgmentsRendered" abstract="false" name="NumberOfJudgmentsRendered" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_ActuarialAssumptionOfExpectedAnnualRateOfBenefitIncreases" abstract="false" name="ActuarialAssumptionOfExpectedAnnualRateOfBenefitIncreases" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
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  <xs:element id="san_InsuranceContractLinkedToDefinedBenefitPlansExpectedRateOfReturnOnReimbursementRights" abstract="false" name="InsuranceContractLinkedToDefinedBenefitPlansExpectedRateOfReturnOnReimbursementRights" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
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  <xs:element id="san_OtherSimilarBenefitsPlansMember" abstract="true" name="OtherSimilarBenefitsPlansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DefinedBenefitObligationToCurrentEmployeesAtPresentValue" abstract="false" name="DefinedBenefitObligationToCurrentEmployeesAtPresentValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DefinedBenefitObligationToVestedObligationsToRetiredEmployeesAtPresentValue" abstract="false" name="DefinedBenefitObligationToVestedObligationsToRetiredEmployeesAtPresentValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DefinedBenefitObligationToPreRetireesAtPresentValue" abstract="false" name="DefinedBenefitObligationToPreRetireesAtPresentValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DefinedBenefitObligationOfLongServiceBonusesAndOtherBenefitsAtPresentValue" abstract="false" name="DefinedBenefitObligationOfLongServiceBonusesAndOtherBenefitsAtPresentValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_DefinedBenefitPlansServiceCost" abstract="false" name="DefinedBenefitPlansServiceCost" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_PastServiceCostChargedToIncomeStatementRelatedToDefinedBenefits" abstract="false" name="PastServiceCostChargedToIncomeStatementRelatedToDefinedBenefits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" abstract="false" name="OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_OtherReservesOtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" abstract="false" name="OtherReservesOtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax" abstract="false" name="OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_OtherRegionsMember" abstract="true" name="OtherRegionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_EquityInstrumentsDomesticMember" abstract="true" name="EquityInstrumentsDomesticMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_EquityInstrumentsInternationalMember" abstract="true" name="EquityInstrumentsInternationalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ListedMember" abstract="true" name="ListedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_UnlistedMember" abstract="true" name="UnlistedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_EuropeExcludingSpainMember" abstract="true" name="EuropeExcludingSpainMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_LatinAmericaAndRestOfTheWorldMember" abstract="true" name="LatinAmericaAndRestOfTheWorldMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" abstract="false" name="ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedGains" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" abstract="false" name="ReserveOfGainsAndLossesFromInvestmentInEquityInstrumentsAccumulatedLosses" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_GrupoSantanderMember" abstract="true" name="GrupoSantanderMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" abstract="false" name="ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ForeignExchangeGainLossGoodwill" abstract="false" name="ForeignExchangeGainLossGoodwill" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ForeignExchangeGainLossResults" abstract="false" name="ForeignExchangeGainLossResults" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ForeignExchangeGainLossNetAssets" abstract="false" name="ForeignExchangeGainLossNetAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ForeignExchangeGainLossTransfers" abstract="false" name="ForeignExchangeGainLossTransfers" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DebtSecuritiesAndLoanAndAdvancesMember" abstract="true" name="DebtSecuritiesAndLoanAndAdvancesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DebtInstrumentsIssuedByPublicSectorMember" abstract="true" name="DebtInstrumentsIssuedByPublicSectorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DebtInstrumentsIssuedByPrivateSectorMember" abstract="true" name="DebtInstrumentsIssuedByPrivateSectorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_AmericaAndRestOfTheWorldMember" abstract="true" name="AmericaAndRestOfTheWorldMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ReserveOfGainsOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" abstract="false" name="ReserveOfGainsOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ReserveOfLossesOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" abstract="false" name="ReserveOfLossesOnRemeasuringFinancialAssetsAtFairValueWithChangesInOtherComprehensiveIncome" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_StateStreetBankMember" abstract="true" name="StateStreetBankMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ChaseNomineesLtdMember" abstract="true" name="ChaseNomineesLtdMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_BankOfNewYorkMellonCorporationMember" abstract="true" name="BankOfNewYorkMellonCorporationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CitibankMember" abstract="true" name="CitibankMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_BNPParibasMember" abstract="true" name="BNPParibasMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CaceisBankMember" abstract="true" name="CaceisBankMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_TheNorthernTrustMember" abstract="true" name="TheNorthernTrustMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_A2023ProgramMember" abstract="true" name="A2023ProgramMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_RedemptionOfTreasurySharesShares" abstract="false" name="RedemptionOfTreasurySharesShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_PurchaseOfTreasurySharesNumberOfShares" abstract="false" name="PurchaseOfTreasurySharesNumberOfShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_CrestDepositaryInterestShareEquivalent" abstract="false" name="CrestDepositaryInterestShareEquivalent" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_AmericanDepositaryReceiptShareEquivalent" abstract="false" name="AmericanDepositaryReceiptShareEquivalent" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_PercentageOfEquityInterestsHeldBySignificantShareholdersMinimumThreshold" abstract="false" name="PercentageOfEquityInterestsHeldBySignificantShareholdersMinimumThreshold" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_PercentageOfEquityInterestsHeldBySignificantShareholders" abstract="false" name="PercentageOfEquityInterestsHeldBySignificantShareholders" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_PercentageOfEquityInterestsHeldByASingleShareholderResidingInTaxHavenMinimumThreshold" abstract="false" name="PercentageOfEquityInterestsHeldByASingleShareholderResidingInTaxHavenMinimumThreshold" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies" abstract="false" name="NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital" abstract="false" name="SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_NumberOfSharesOwnedByThirdPartiesReceivedAsSecurity" abstract="false" name="NumberOfSharesOwnedByThirdPartiesReceivedAsSecurity" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_SharesOwnedByThirdPartiesReceivedAsSecurityAsPercentageOfTotalShareCapital" abstract="false" name="SharesOwnedByThirdPartiesReceivedAsSecurityAsPercentageOfTotalShareCapital" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_IncreaseDecreaseInNetIssuePremium" abstract="false" name="IncreaseDecreaseInNetIssuePremium" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_RedemptionOfTreasurySharesPurchaseValue" abstract="false" name="RedemptionOfTreasurySharesPurchaseValue" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_RedemptionOfTreasurySharesParValue" abstract="false" name="RedemptionOfTreasurySharesParValue" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_RestrictedReserves" abstract="false" name="RestrictedReserves" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_RetiredCapitalReserve" abstract="false" name="RetiredCapitalReserve" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_UnrestrictedReserves" abstract="false" name="UnrestrictedReserves" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_VoluntaryReserve" abstract="false" name="VoluntaryReserve" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ConsolidationReserve" abstract="false" name="ConsolidationReserve" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ReservesOfSubsidiaries" abstract="false" name="ReservesOfSubsidiaries" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ReserveForEquityMethodInvestments" abstract="false" name="ReserveForEquityMethodInvestments" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_RetainedEarningsAndOtherReserves" abstract="false" name="RetainedEarningsAndOtherReserves" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve" abstract="false" name="PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_PercentageOfAnnualNetProfitRequiredToBeTransferredToLegalReserve" abstract="false" name="PercentageOfAnnualNetProfitRequiredToBeTransferredToLegalReserve" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_MinimumPercentageOfIncreasedShareCapitalRequiredToBeMaintainedInLegalReserve" abstract="false" name="MinimumPercentageOfIncreasedShareCapitalRequiredToBeMaintainedInLegalReserve" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_SantanderConsumerFinanceGroupMember" abstract="true" name="SantanderConsumerFinanceGroupMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_BancoSantanderArgentinaSAMember" abstract="true" name="BancoSantanderArgentinaSAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SantanderInvestmentSAMember" abstract="true" name="SantanderInvestmentSAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_BancoSantanderInternationalSAMember" abstract="true" name="BancoSantanderInternationalSAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherCompaniesExchangeDifferencesAndConsolidationAdjustmentsMember" abstract="true" name="OtherCompaniesExchangeDifferencesAndConsolidationAdjustmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ReservesOfSubsidiariesRestricted" abstract="false" name="ReservesOfSubsidiariesRestricted" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_DisclosureOfOtherEquityInstrumentsAndOwnSharesTable" abstract="true" name="DisclosureOfOtherEquityInstrumentsAndOwnSharesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="san_A2023ProgramSecondMember" abstract="true" name="A2023ProgramSecondMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_A2024ProgramMember" abstract="true" name="A2024ProgramMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_A2025ProgramMember" abstract="true" name="A2025ProgramMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DisclosureOfOtherEquityInstrumentsAndOwnSharesLineItems" abstract="true" name="DisclosureOfOtherEquityInstrumentsAndOwnSharesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="san_NominalValueOfEquityComponentOfConvertibleInstruments" abstract="false" name="NominalValueOfEquityComponentOfConvertibleInstruments" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital" abstract="false" name="TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="san_WeightedAverageSharePurchasePrice" abstract="false" name="WeightedAverageSharePurchasePrice" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="san_TreasurySharesNumberOfSharesAmortized" abstract="false" name="TreasurySharesNumberOfSharesAmortized" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_TreasurySharesNumberOfSharesTransferred" abstract="false" name="TreasurySharesNumberOfSharesTransferred" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_WeightedAverageShareSellingPrice" abstract="false" name="WeightedAverageShareSellingPrice" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
  <xs:element id="san_TreasurySharesNumberOfSharesTransferredThroughDonations" abstract="false" name="TreasurySharesNumberOfSharesTransferredThroughDonations" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="san_NetPurchaseSaleOfTreasuryShares" abstract="false" name="NetPurchaseSaleOfTreasuryShares" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_BankSuretiesGrantedMember" abstract="true" name="BankSuretiesGrantedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SoldCreditDerivativesMember" abstract="true" name="SoldCreditDerivativesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherGrantedGuaranteesMember" abstract="true" name="OtherGrantedGuaranteesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OtherContingentCommitmentsMember" abstract="true" name="OtherContingentCommitmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_NonManagedMarketedFunds" abstract="false" name="NonManagedMarketedFunds" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody" abstract="false" name="ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_PensionFundsMember" abstract="true" name="PensionFundsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_AssetsUnderManagementMember" abstract="true" name="AssetsUnderManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" abstract="false" name="OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_InterestRateAndExchangeRateRiskMember" abstract="true" name="InterestRateAndExchangeRateRiskMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_BaseRiskMember" abstract="true" name="BaseRiskMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_InflationRiskMember" abstract="true" name="InflationRiskMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_MarketValueOfEquityMember" abstract="true" name="MarketValueOfEquityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CapsFloorsMember" abstract="true" name="CapsFloorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ForeignExchangeForwardContractMember" abstract="true" name="ForeignExchangeForwardContractMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_ForeignExchangeSwapMember" abstract="true" name="ForeignExchangeSwapMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_InflationSwapContractMember" abstract="true" name="InflationSwapContractMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_EquitySwapContractMember" abstract="true" name="EquitySwapContractMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_BasisRiskMember" abstract="true" name="BasisRiskMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_AustraliaDollarAndEuroMember" abstract="true" name="AustraliaDollarAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_CzechRepublicKorunyAndEuroMember" abstract="true" name="CzechRepublicKorunyAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_RomaniaNewLeiAndEuroMember" abstract="true" name="RomaniaNewLeiAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_HongKongDollarsAndEuroMember" abstract="true" name="HongKongDollarsAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_JapanYenAndEuroMember" abstract="true" name="JapanYenAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_NorwayKroneAndEuroMember" abstract="true" name="NorwayKroneAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_SwitzerlandFrancsAndEuroMember" abstract="true" name="SwitzerlandFrancsAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_EuroAndPoundSterlingMember" abstract="true" name="EuroAndPoundSterlingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_NewZealandDollarAndEuroMember" abstract="true" name="NewZealandDollarAndEuroMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_UnitedStatesDollarAndMexicanPesoMember" abstract="true" name="UnitedStatesDollarAndMexicanPesoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_UnitedStatesDollarAndColombiaPesoMember" abstract="true" name="UnitedStatesDollarAndColombiaPesoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_EuroAndAustralianDollarMember" abstract="true" name="EuroAndAustralianDollarMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_FinancialLiabilitiesAtFairValueThroughProfitOrLossAndFinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetTheDefinitionOfHeldForTradingRepurchaseAgreementAmount" abstract="false" name="FinancialLiabilitiesAtFairValueThroughProfitOrLossAndFinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetTheDefinitionOfHeldForTradingRepurchaseAgreementAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_DeferredConditionalVariableRemunerationPlanFourthAndFifthCycles2014And2015Member" abstract="true" name="DeferredConditionalVariableRemunerationPlanFourthAndFifthCycles2014And2015Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_DeferredMultiyearObjectivesVariableRemunerationPlanFirstCycle2016Member" abstract="true" name="DeferredMultiyearObjectivesVariableRemunerationPlanFirstCycle2016Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_ExecutiveDirectorsAndMembersOfIdentifiedStaffWithTotalVariableRemunerationSpecifiedAmountMember" abstract="true" name="ExecutiveDirectorsAndMembersOfIdentifiedStaffWithTotalVariableRemunerationSpecifiedAmountMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_DivisionManagersCountryHeadsOtherExecutivesAndIdentifiedStaffWithTotalVariableRemunerationSpecifiedAmountMember" abstract="true" name="DivisionManagersCountryHeadsOtherExecutivesAndIdentifiedStaffWithTotalVariableRemunerationSpecifiedAmountMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_DigitalTransformationAward2023Member" abstract="true" name="DigitalTransformationAward2023Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_DeferredVariableRemunerationMaximumTotalAmountOfIncentive" abstract="false" name="DeferredVariableRemunerationMaximumTotalAmountOfIncentive" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_DeferredVariableRemunerationMilestoneNumberOfGeographiesWithGlobalMerchantServicesPlatform" abstract="false" name="DeferredVariableRemunerationMilestoneNumberOfGeographiesWithGlobalMerchantServicesPlatform" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_DeferredVariableRemunerationMilestoneNumberOfGeographiesWithGlobalTradeServicesPlatform" abstract="false" name="DeferredVariableRemunerationMilestoneNumberOfGeographiesWithGlobalTradeServicesPlatform" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
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  <xs:element id="san_DeferredVariableRemunerationMilestoneNumberOfPriorityUseCasesWithMachineLearningDeployment" abstract="false" name="DeferredVariableRemunerationMilestoneNumberOfPriorityUseCasesWithMachineLearningDeployment" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_DeferredVariableRemunerationMilestoneNumberOfSalesProgramsWithConversionRateOptimizationRollOut" abstract="false" name="DeferredVariableRemunerationMilestoneNumberOfSalesProgramsWithConversionRateOptimizationRollOut" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
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  <xs:element id="san_DeferredVariableRemunerationMilestonePagoNxtNumberOfCountriesWithSuperdigitalImplemented" abstract="false" name="DeferredVariableRemunerationMilestonePagoNxtNumberOfCountriesWithSuperdigitalImplemented" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
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  <xs:element id="san_DeferredVariableRemunerationMilestonePagoNxtNumberOfCustomersAcquiredPercentage" abstract="false" name="DeferredVariableRemunerationMilestonePagoNxtNumberOfCustomersAcquiredPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
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  <xs:element id="san_TechnologySystemsExpense" abstract="false" name="TechnologySystemsExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_TechnicalReportsExpense" abstract="false" name="TechnicalReportsExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_NumberOfOffices" abstract="false" name="NumberOfOffices" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" abstract="false" name="GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_DisclosureOfGainsLossesOnAssetsHeldForSaleLineItems" abstract="true" name="DisclosureOfGainsLossesOnAssetsHeldForSaleLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
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  <xs:element id="san_GainsLossesRecognisedInProfitOrLossFairValueMeasurement" abstract="false" name="GainsLossesRecognisedInProfitOrLossFairValueMeasurement" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="san_DerivativesDesignatedAsHedgingInstrumentsCategoryMember" abstract="true" name="DerivativesDesignatedAsHedgingInstrumentsCategoryMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_ForwardsOnInterestRateAndVariableIncomeMember" abstract="true" name="ForwardsOnInterestRateAndVariableIncomeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_DebtAndEquityInstrumentsMember" abstract="true" name="DebtAndEquityInstrumentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_GovernmentDebtMember" abstract="true" name="GovernmentDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_MortgageLettersDebtSecuritiesMember" abstract="true" name="MortgageLettersDebtSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_EQOptionsMember" abstract="true" name="EQOptionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_InflationDerivativesMember" abstract="true" name="InflationDerivativesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_MortgagePortfolioMember" abstract="true" name="MortgagePortfolioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_MarginOfAPreferencePortfolioMeasurementInputMember" abstract="true" name="MarginOfAPreferencePortfolioMeasurementInputMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_MortgageLettersMeasurementInputMember" abstract="true" name="MortgageLettersMeasurementInputMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_CreditDefaultModelsMember" abstract="true" name="CreditDefaultModelsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_VolatilityOptionModelValuationTechniqueMember" abstract="true" name="VolatilityOptionModelValuationTechniqueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_AssetSwapModelValuationTechniqueMember" abstract="true" name="AssetSwapModelValuationTechniqueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_FXOptionPricingModelMember" abstract="true" name="FXOptionPricingModelMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_ContingentLiabilitiesAndContingentCommitmentsMember" abstract="true" name="ContingentLiabilitiesAndContingentCommitmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
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  <xs:element id="san_RepurchaseAgreementsAssetsMember" abstract="true" name="RepurchaseAgreementsAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_RepurchaseAgreementsLiabilitiesMember" abstract="true" name="RepurchaseAgreementsLiabilitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="san_GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther" abstract="false" name="GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="san_ReportableSegmentsNumber" abstract="false" name="ReportableSegmentsNumber" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="san_NumberOfOperatingAreas" abstract="false" name="NumberOfOperatingAreas" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="san_RetailAndCommercialBankingMember" abstract="true" name="RetailA